Honda India Power hits new high, zooms 45% in 1 month on strong Q2 results

In Q2FY23, the company's profit after tax jumped 167 per cent year-on-year at Rs 42.42 crore on the back of healthy operational income

Shares of Honda India Power Products hit a new high of Rs 2,357.05, ralling 9 per cent on the BSE in Friday's intra-day trade. In comparison, the S&P BSE Sensex was down 0.26 per cent at 61,588 at 10:13 AM.

In the past one month, the stock of the industrial equipments company has zoomed 45 per cent after it reported robust earnings for the quarter ended September 2022 (Q2FY23), as against 4.5 per cent rise in the Sensex.

In Q2FY23, the company's profit after tax (PAT) jumped 167 per cent year-on-year (YoY) at Rs 42.42 crore on the