Thursday, December 13, 2012

Honeywell Automation firms up as promoter to pare stake

Honeywell Automation firms up as promoter to pare stake


The announcement was made after market hours on Wednesday, 12 December 2012.
Meanwhile, the BSE Sensex was almost flat at 19,355.42.
On BSE, 14,684 shares were traded in the counter as against an average daily volume of 7,499 shares in the past one quarter.

The stock hit a high of Rs 2,468.95 and a low of Rs 2,335 so far during the day. The stock had hit a record high of Rs 3,391.80 on 19 November 2012. The stock had hit a 52-week low of Rs 1,620 on 15 December 2011.
The stock had underperformed the market over the past one month till 12 December 2012, falling 13.87% compared with the Sensex's 3.67% rise. The scrip had also underperformed the market in past one quarter, falling 6.43% as against Sensex's 7.53% rise.
The small-cap company has an equity capital of Rs 8.84 crore. Face value per share is Rs 10.
Honeywell Automation India said its promoter, Honeywell Asia Pacific, will sell an aggregate of 5.51 lakh equity shares, representing 6.24% stake, of the company on....

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