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This Is What Helped Honeywell Automation Defy The Slowdown
Honeywell Automation’s shares have risen since Budget 2020 but those of peers ABB India and Siemens have fallen. What gives?
18 Feb 2020, 02:44 PM IST
Honeywell Automation India Ltd. defied a slowing economy as it focuses on its infrastructure and pharmaceutical verticals.The revenue of $130-billion U.S.-based Honeywell International Inc.’s Indian arm rose in double digits for the three months ended December, according to Bloomberg data. Revenue of its peers—ABB India Ltd. and Siemens Ltd.—contracted during the period.Shares of Honeywell have surged more than 71 percent in the last...
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