New Delhi, May 21 -- Shares of Honeywell Automation India surged 18.4% in Thursday's trade, May 21, to hit a six-month high of Rs.35,735, as investors reacted positively to the company's better-than-expected performance in the March quarter.

If today's gains sustain till the close, it would mark the stock's biggest single day jump in two years. The rally has also turned the stock's year-to-date returns positive, with gains of nearly 8%.

The Street was impressed not only by the company's performance but also by domestic brokerage firm JM Financial, which raised its target price on the stock. The company announced its Q4 and FY26 financial performance on Wednesday after market hours.

Honeywell Automation India posted a 14.2% year-on-year...