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Established By Tata Group, Honeywell, This Multibagger Stock To Pay 900% Dividend
Honeywell Automation India Limited or HAIL is an approximately $350 million+ listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Honeywell Automation India Limited or HAIL is an approximately $350 million+ listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions.
It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients. HAIL is a Fortune India 500 company.
The stock has been making waves for offering strong returns that it had given over the years. Check the key details below:
1. HAIL gave multibagger returns
The stock has been in news for giving strong returns to investors. In one week only, it has given 8.18% returns while in 1 month it has given 9.13% returns when stock markets witnessed sharp decline. In the last five years, the stock has given 200.02% returns. According to Economic Times, in the last 17 years only 2.4% trading sessions witnessed intraday falls higher than 5%.
It has zero debit burden. The stock gave a 3-year return of 53.83% as compared to Nifty 100 which gave a return of 40.63% as of last trading session. According to Dalal Street Investment Journal, the company's stock price has jumped from Rs 202.45 on July 11, 2022 to Rs 35,950 on July 11, 2022. As a result of the multibagger returns of 17,657% investors who had invested Rs 1,000,000 in the share in July 2002, would have got a return of Rs 176 crore today in the company.
2. HAIL Dividend History
It has an outstanding dividend history and regularly declared dividends for the last 5 years. The dividend yield of the stock is 0.25%. It had declared an equity dividend of 900% or Rs 90 per share on May 31, 2022 and its ex-dividend date is August 10, 2022. It has started declaring dividend since 2001.
3. HAIL Stock Outlook
The current market price of the stock is Rs 35,562 apiece in trade today (at 10:19 pm). It has touched a 52-week high of Rs 47,275 apiece and 52-week low of Rs 30,185 apiece, respectively. It is currently trading at a discount of 24.78%. The market capitalization of this large cap stock is Rs 31,520 crore at the time of writing the story. The PE of the stock is 92.94 while sector PE is 88.07.
4. HAIL Company Overview
Honeywell Automation India Limited was established by Tata Group and Honeywell as a joint venture. Earlier, it was known as Tata Honeywell Limited. However, after buying Tata's interes in 2004, it changed the name from Honeywell Asia Pacific Inc to Honeywell Automation India Limited.
