Honeywell Automation India, the Indian subsidiary of Charlotte, NC-headquartered Honeywell, reported a strong performance in the first quarter of the fiscal year. The company reported a profit of $16 million. This growth was primarily attributed to the successful execution of existing orders and stable operational costs.
The company’s stock performance was particularly impressive, with a nearly 47% rise during the quarter – its highest increase in at least a decade according to LSEG data
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The steep deterioration in economic outlook measures has been unusually
