September 3, 2025 – Shares of Honeywell Flour Mills Plc (HONYFLOUR) have soared by an impressive 258 percent since the beginning of 2025, making it one of the standout performers on the Nigerian Exchange (NGX) this year.
The stock’s remarkable rally has been fueled by rising investor confidence in the company’s growth outlook, strategic expansion moves, and sustained demand in the consumer goods sector. Market watchers also attribute the surge to improved earnings performance and a wave of speculative trading in the food manufacturing space.
Analysts, however, are divided on whether HONYFLOUR remains a “buy,” “hold,” or “sell” at its current valuation. Some argue that the fundamentals still support further upside, particularly given Nigeria’s rising food consumption and Honeywell’s strong market share in flour and pasta products. Others caution that the stock may be overheated, warning that profit-taking could trigger a pullback.
For retail and institutional investors, the debate underscores the importance of balancing optimism with caution. While the company’s long-term prospects remain positive, short-term volatility is expected as traders weigh profit opportunities against the stock’s meteoric rise.
With the consumer goods sector attracting heightened interest on the NGX, HONYFLOUR’s trajectory in the coming months could serve as a bellwether for broader investor sentiment.