This share is of brother of Alcid Investment and Shri Adhikari Brothers, converted 93 thousand into 4 crores

There is a saying among rich people that money grows not by keeping it, but by investing it. This is the reason why rich people invest their money and keep increasing it from time to time. If you also want to move ahead with this thinking, then you should look for good options for investment.

These options include SIP, mutual fund, property, gold. But, they will not be able to grow your money as fast as money grows in the stock market. For example, the stock we are talking about today has given a return of 43 thousand 545.16 percent to its investors since its inception. Let us tell you about it in detail.

makes a child a millionaire

The name of the stock we are talking about is Honeywell Automation India Ltd. If you are an old investor and you had invested Rs 93000 in this stock on January 1, 1999, then today your money would have been Rs 4 crore 5 lakh 90 thousand. That is, if you had invested in 1999 thinking that I am investing this money for my child’s future, then today when your child would have been 25 years old, he would have been a millionaire. Even today there are many stocks which can rise a lot in future. In such a situation, if you want to invest according to your child’s future, then you can invest in those shares.

How are the fundamentals of Honeywell Automation India Limited?

Talking about the fundamentals of Honeywell Automation India Ltd, its market cap today is Rs 35,879 crore. Stock PE is 68. Whereas the ROCE of the share is 19.8 percent. The ROE of the share is 14.8 percent. Whereas, the face value of the share is Rs 10. Talking about the book value of Honeywell Automation India Limited, it is Rs 4,263.

Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)

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