12 September 2024 Intraday Stocks For Today 12-09-2024

Engineers India Ltd 12-09-2024

Important updates :

• 1. Dividend Announcement: The company declared a 20% equity dividend (₹1 per share) with an ex-dividend date of August 21, 2024.

  2. Financial Results: A board meeting is scheduled for August 9, 2024, to review financial results for the first quarter ending June 30, 2024. The standalone net sales for this quarter were reported at ₹610.62 crore, a decline of 24.46% year-over-year.

  3. Corporate Activities: Engineers India participated in the ‘Jewels of Bharat 2.0 – PSU Investor Conference’ and announced the closure of the trading window for the quarter ending June 30, 2024.

  4. AGM and Annual Report: The company is set to hold its 59th Annual General Meeting for the financial year 2023-24 and has dispatched its annual report.

  5. Regulatory Compliance: Updates regarding analyst meetings and compliance with SEBI regulations have been published.

Indraprastha Med Corp:

1. 1. 1. Stock Performance: The stock reached a 52-week high of Rs. 478 on September 9, 2024, and is rated as a ‘Strong Buy.’ It has increased by 185.60% over the past year.

      2. Financial Highlights: For the year ending March 31, 2024, the company achieved a Return on Equity (ROE) of 25.94%, exceeding its 5-year average of 18.26%.

      3. Dividend Announcement: A dividend of 45% (Rs. 4.5 per share) was declared on May 17, 2024.

      4. Corporate Updates: The board re-appointed Mr. Shivakumar Pattabhiraman as Managing Director and approved unaudited financial results for the quarter ended June 30, 2024.

      5. Credit Rating: ICRA reaffirmed the company’s long-term credit rating at [ICRA]AA and short-term rating at [ICRA]A1+.

       Indraprastha Medical Corporation is showing strong financial performance and positive stock trends, alongside recent corporate developments.

Gmmpfaudlr : 

• Overview: GMM Pfaudler is an Indian company specializing in corrosion-resistant glass-lined equipment for industries like chemicals, pharmaceuticals, and food.

• Market Position:

  • Market Cap: Approx. ₹6,070 crore
  • Current Stock Price: Around ₹1,351
  • Stock Price Range (1 year): ₹1,143 – ₹1,898

• Financial Performance:

  • Recent net profit declined by 50.13% to ₹25.26 crore in Q1 June 2024.
  • Sales decreased by 13.93% to ₹785.20 crore compared to the previous quarter.
  • Profit growth has been significant over five years with a median sales growth of 17.6% over ten years.

• Valuation: The stock is viewed as overvalued with a P/E ratio of around 40.2, but analysts suggest it may still be a buy.

• Global Presence: Recognized as a global leader in corrosion-resistant technologies, offering a wide range of products and services.

Aster Dm Healthcare Limited :

1. Strong Financial Performance: The company reported impressive financial metrics, including a high Return on Capital Employed (13.49%) and a low debt-equity ratio (0.30 times).

2. Stock Performance: The stock has increased by 27.24% over the past year and recently rose by 3.52%. It consistently trades above its moving averages, indicating strong performance.

3. High Dividend Yield: Aster DM Healthcare offers an attractive dividend yield of 29.89%, appealing to investors.

4. Positive Technical Indicators: The stock shows buy signals from both short and long-term Moving Averages, suggesting a bullish trend.

5. Favorable Valuation: The stock is trading at a discount compared to historical valuations, with a low Enterprise Value to Capital Employed ratio and a PEG ratio of 0.

Godawari Power And Ispat : 

1. Management Change: Bajrang Lal Agrawal has been appointed as the new chairman, effective August 9, 2024.

2. Financial Performance: The company reported a 24% increase in net profit for Q1 FY25, reaching Rs 287 crore, despite a slight revenue contraction of 5.19%.

3. Dividend Declaration: A special dividend of Rs 1.25 per share has been approved.

4. Share Sub-Division: The board proposed to split the face value of shares from Rs 5 to Re 1, pending shareholder approval.

5. Operational Updates: Production of structural steel has commenced, and a 20MW solar power plant has been synchronized.

6. Market Performance: The share price is currently at Rs 922.80, with a notable 3-year return of 240.78%.

Jyoti Cnc Automation Limited :

1. Strong Financial Performance: In Q1 FY25, the company reported a revenue growth of approximately 74% and margin expansion to around 26%. For the full year ended June 2024, the profit was Rs 50.92 crore with a total income of Rs 365.82 crore.

2. Healthy Order Book: Jyoti CNC has a substantial order book valued at Rs 3,400 crore, with management projecting a growth rate of 40-50% for FY25.

3. Capacity Expansion Plans: The company aims to increase its production capacity from 4,400 machines to 6,000 by September 2024.

4. Recognition and Awards: Recently awarded the Best Innovative Product at HIMTEX 2024, showcasing its commitment to innovation.

5. Market Capitalization and Share Price Stability: With a market cap of Rs 26,518 crore, the stock’s performance remains strong, with a recent share price of Rs 1,166.15.