Mojo Upgrades Honeywell Automation India Rating to Hold Amid Technical Gains
Honeywell Automation India Ltd's investment rating has been upgraded from Sell to Hold by MarketsMojo, citing technical improvements and valuation considerations. The upgrade is effective from September 7, 2026.
The change in the company's technical grade from a sideways trend to a mildly bullish stance was the primary catalyst for the upgrade. This shift is supported by mixed but cautiously optimistic technical indicators, including a weekly Moving Average Convergence Divergence (MACD) that remains mildly bearish and a monthly MACD that has turned mildly bullish.
The company's financial performance has been flat in recent quarters, with no meaningful growth in sales or profits. However, its long-term growth trajectory is underwhelming, with the stock delivering a negative return of 11.34% over the past five years.