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The newsletter summarizes key information on Honeywell Automation India Ltd. It notes that HAIL is a market leader in industrial automation equipment, with over 2800 employees and 8 offices across India. Despite slowdowns in user industries, the company has reported decent revenue growth of 14.29% over the last 4 years. The company also maintains a consistent dividend of Rs. 10 per share for the last 7 years. With a tiny equity capital but high sales to equity ratio, there is potential for a bonus issue in

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476

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