Honeywell Automation India reported a 32.3% YoY rise in net profit to ₹148.2 Crore for the fourth quarter ending March 31, 2024. In the quarter, the company reported a net profit of ₹112 Crore, according to a regulatory filing. Revenue from operations increased by 12% to ₹950.7 Crore, compared to ₹849.7 Crore in the previous fiscal year.
Open Flip💰Jefferies maintained an underperform rating on Dixon Technologies post Q4 results but raised the target price to Rs 6350 from Rs 5920 earlier. 💰Nomura upgraded Apollo Tyres to Neutral from a reduce rating earlier but raised the target price to Rs 512 from Rs 478 earlier. 💰Jefferies maintained a buy rating on Adani Ports with a target price of Rs 1640.
Open FlipFollowing the US Fed rate cut buzz after the US CPI data meeting the market estimates, gold price today opened upside in the early morning session. Extending the rally for yet another session, gold futures contract on the MCX for June 2024 expiry opened upside at ₹73,128 per 10 gm and touched an intraday high of ₹73,230 within a few minutes of the commodity market's opening bell today.
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