10 September 2024 Intraday Stocks For Today 10-09-2024

Rites Limited 10-09-2024

Important updates :

• Dividends: RITES declared a second interim dividend of Rs 4.5 per share for FY 2023-24 and a first interim dividend of Rs 2.50 per share for FY 2024-25.

• Partnerships: The company signed agreements with NHAI and NEEPCO for infrastructure consultancy services and with NHPC for constructing a railway siding for the Dibang project.

• Financial Performance: RITES shares rose by 47% in 2023, reflecting positive market sentiment. The company secured new orders worth Rs 76.08 crores and additional work orders worth Rs 65 crores.

• Corporate Actions: RITES proposed a 1:1 bonus share issuance, pending shareholder approval, and is set to hold its 50th Annual General Meeting on September 12, 2024.

• Market Activity: Recent share price was around Rs 665, showing fluctuations in line with market dynamics.

Genus Power Infrastructure Ltd:

1. 1. Smart Meter Project: The company has launched a smart meter installation project in Uttarakhand to improve power efficiency.

   2. Significant Orders: Genus Power has secured orders worth Rs. 4,469.04 crore for smart metering projects, enhancing its market position.

   3. Financial Growth: The company reported a 56.22% annual revenue growth, exceeding its 3-year CAGR of 24.95%.

   4. Strategic Expansion: Genus has established several wholly-owned step-down subsidiaries for diversification.

   5. Annual General Meeting: The company’s register of members will be closed from September 24 to September 30, 2024, for the Annual General Meeting and final dividend payment.

   6. Recent Contracts: It has also won contracts valued at Rs. 3,608 crore for smart metering projects.

Lincoln Pharma Limited :

Lincoln vehicles are not currently available in the Indian market. Here are some key points that clarify the status of Lincoln in India:

1. Market Presence: Lincoln, a luxury vehicle brand under Ford Motor Company, has not been launched in India. The brand primarily operates in North America and other select markets[4].

2. Availability: There are no Lincoln dealerships or official sales channels in India. Any information suggesting the availability of Lincoln cars in India, such as pricing, is likely speculative or incorrect[4][5].

3. Alternative Brands: In India, consumers looking for luxury vehicles often opt for brands that have a local presence, such as Mercedes-Benz, BMW, Audi, and others. Lincoln’s absence from the Indian market means these brands fill the luxury segment[5].

4. Global Operations: While Lincoln International, an investment banking firm, has a presence in India, this is unrelated to the automotive brand. Lincoln International provides advisory services in mid-market investment banking and has offices in cities like Mumbai and Bangalore.

Bhageria Industries Limited : 

1. New Solar EPC Project: The company secured a ₹27.70 crore solar EPC project, boosting its share value.

2. Factory Incident: A minor fire occurred at the factory, but there were no injuries or major losses.

3. Corporate Announcements: Several corporate actions were reported, including the appointment of a new Company Secretary and the outcomes of the 35th Annual General Meeting held on August 31, 2024.

4. Business Operations: Bhageria Industries is involved in manufacturing dyes, pharmaceuticals, and solar power generation, with a strong export presence in various countries.

5. Financial Performance: The company has seen fluctuations in its share price, with a market capitalization of around ₹1,087.87 crore.

6. Expansion Initiatives: A new branch office was opened in Bahrain, enhancing its international operations.

Shalimar Paints Ltd : 

1. Board Meeting: A Board of Directors meeting was held on August 8, 2024.
2. Annual Report: The Annual Report for the Financial Year 2023-24 has been released, including details for the 122nd Annual General Meeting.
3. Resignations: Mr. Sanjiv Garg and Mr. Ashok Kumar Gupta resigned from their respective positions in the company.
4. Share Price Movement: The share price decreased by 6.03% in the last month and 9.27% over the last three months.
5. Financial Performance: For FY 2023-24, total revenue was Rs 543.03 Cr with a loss of Rs -73.85 Cr. For Q1 FY 2024-25, income was Rs 129.19 Cr and a loss of Rs -27.04 Cr.
6. Promoter Holding: Promoter holding increased from 39.92% to 75.73% between September 2023 and June 2024, while institutional investor holdings declined.
7. Pledge of Shares: Promoters pledged 37.69% of shares, totaling 66.16% of promoter holdings.
8. Recent Financials: Consolidated net sales for June 2024 were Rs 128.33 crore, reflecting a growth of 2.15% year-on-year.