|
Prev
Next
|
|
| As on Apr 19, 2024 12:00 AM |
Your results on : Hot Pursuit |
|
|
| The bank may raise funds through issuance of debt instruments including but not limited to bonds and non-convertible debentures, in Indian currency or foreign currency. The lender may also issue equity shares / depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through qualified institutions placement (QIP) / American depository receipts (ADRs) / global depository receipts (GDRs) program / preferential allotment or such other permissible mode or combinations thereof. Meanwhile, the board of directors will also approve the audited standalone and consolidated financial results of the bank, for the quarter and year ended 31 March 2024 and recommend final dividend, if any. Axis Bank provides a complete suite of banking and financial services including retail banking, wholesale banking and treasury operations. The bank company reported 3.72% rise in standalone net profit to Rs 6071.10 crore on 25.06% increase in total income to Rs 33515.96 crore in Q3 FY24 over Q3 FY23. The scrip rose 0.50% to end at Rs 1,029.30 on the BSE.
|
Profit before tax climbed 62.01% to Rs 136.24 crore in Q4 FY24 as against Rs 84.09 crore recorded in the corresponding quarter last year. During the quarter, EBITDA grew 45.8% year on year (YoY) to Rs 135 crore while EBITDA margin improved by 210 basis points on YoY basis to 24%. The company?s revenue from transmission equipment was at Rs 452.33 crore (up 23.43% YoY) while material handling equipment was at Rs 112.29 crore (up 93.33% YoY) during the period under review. Prayasvin B. Patel, chairman & managing director of Elecon Engineering Compay, said, ?We are delighted to share that Elecon has delivered its highest ever revenues of Rs 1,937 crore up by 27% Y-o-Y and highest ever PAT of Rs 356 crore indicating a growth of 50% Y-o-Y for FY24 which is a testament to our commitment to innovation and customer needs. This growth is largely attributable to increased order inflows across industries, increase in wallet share among existing customers & new customer addition. Our performance solidifies our status as the leading domestic player with approximately 39% market share in the industrial gear segment. Entering FY25 and beyond, we aim to expand our presence in international markets while reinforcing relationships with current OEM partners and forging new alliances. Concurrently, we recognize India?s vast potential and upswing in capex cycle and are committed to retain our leadership position. At Elecon, innovation remains at the core. We continue to invest in research & development for product enhancement and development to deliver best in class products to our customers.? ?Our financial achievements in FY24, from record-breaking revenues to robust EBITDA margins, underscore our resilience and strategic vision. With government capital expenditure and emphasis on infrastructure development fueling growth prospects, our tactical focus on exports coupled with rising order inquiries across various products and sectors positions us favorably to grow faster than the industry,? Patel added. Meanwhile, the company's board recommended a final dividend of Rs 2 per equity share for the financial year 2023-24. Additionally, the board has approved a subdivision of one equity share having face value of Rs 2 each into two equity shares of face value of Rs 1 each. The rationale behind the split is to improve the liquidity of the company?s shares on the stock markets and also to make the same available to small investors. The sub-division is expected to be completed within 4-6 months. Elecon Engineering Company is engaged in the design and manufacturing of material handling equipment and industrial gears and also involved in providing erection and commissioning solutions for its products. The scrip hit an all time high at Rs 1,197.55 in intraday today.
|
Tata Communications Ltd, Ion Exchange (India) Ltd, CRISIL Ltd and Neuland Laboratories Ltd are among the other losers in the BSE's 'A' group today, 19 April 2024. Jubilant Pharmova Ltd lost 4.94% to Rs 667 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 59277 shares were traded on the counter so far as against the average daily volumes of 33537 shares in the past one month. Tata Communications Ltd crashed 4.80% to Rs 1764.25. The stock was the second biggest loser in 'A' group.On the BSE, 78553 shares were traded on the counter so far as against the average daily volumes of 19295 shares in the past one month. Ion Exchange (India) Ltd tumbled 4.16% to Rs 535.6. The stock was the third biggest loser in 'A' group.On the BSE, 30513 shares were traded on the counter so far as against the average daily volumes of 37927 shares in the past one month. CRISIL Ltd pared 4.06% to Rs 4348.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 3970 shares were traded on the counter so far as against the average daily volumes of 2647 shares in the past one month. Neuland Laboratories Ltd shed 3.96% to Rs 7352. The stock was the fifth biggest loser in 'A' group.On the BSE, 1783 shares were traded on the counter so far as against the average daily volumes of 2166 shares in the past one month.
|
Suratwwala Business Group Ltd, Parshva Enterprises Ltd, Sharda Motor Industries Ltd and Rajdarshan Industries Ltd are among the other losers in the BSE's 'B' group today, 19 April 2024. Anmol India Ltd crashed 6.89% to Rs 42.7 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 41189 shares in the past one month. Suratwwala Business Group Ltd tumbled 6.50% to Rs 102.1. The stock was the second biggest loser in 'B' group.On the BSE, 1.95 lakh shares were traded on the counter so far as against the average daily volumes of 31640 shares in the past one month. Parshva Enterprises Ltd lost 5.18% to Rs 215.2. The stock was the third biggest loser in 'B' group.On the BSE, 93 shares were traded on the counter so far as against the average daily volumes of 1993 shares in the past one month. Sharda Motor Industries Ltd plummeted 5.15% to Rs 1506.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 9343 shares were traded on the counter so far as against the average daily volumes of 7357 shares in the past one month. Rajdarshan Industries Ltd shed 4.99% to Rs 52.15. The stock was the fifth biggest loser in 'B' group.On the BSE, 2772 shares were traded on the counter so far as against the average daily volumes of 7519 shares in the past one month.
|
Timken India Ltd, Raymond Ltd, Elecon Engineering Company Ltd, Just Dial Ltd are among the other stocks to see a surge in volumes on NSE today, 19 April 2024. TVS Supply Chain Solutions Ltd clocked volume of 113.41 lakh shares by 14:14 IST on NSE, a 9.63 times surge over two-week average daily volume of 11.77 lakh shares. The stock gained 14.89% to Rs.185.90. Volumes stood at 11.89 lakh shares in the last session. Timken India Ltd recorded volume of 5.18 lakh shares by 14:14 IST on NSE, a 8.37 times surge over two-week average daily volume of 61822 shares. The stock gained 0.67% to Rs.3,065.00. Volumes stood at 2.12 lakh shares in the last session. Raymond Ltd clocked volume of 9.3 lakh shares by 14:14 IST on NSE, a 6.49 times surge over two-week average daily volume of 1.43 lakh shares. The stock gained 4.54% to Rs.1,996.85. Volumes stood at 1.47 lakh shares in the last session. Elecon Engineering Company Ltd recorded volume of 10.59 lakh shares by 14:14 IST on NSE, a 4.77 times surge over two-week average daily volume of 2.22 lakh shares. The stock gained 4.85% to Rs.1,112.45. Volumes stood at 4.75 lakh shares in the last session. Just Dial Ltd registered volume of 67.74 lakh shares by 14:14 IST on NSE, a 3.84 fold spurt over two-week average daily volume of 17.65 lakh shares. The stock rose 5.82% to Rs.1,068.10. Volumes stood at 110.97 lakh shares in the last session.
|
Among the components of the S&P BSE IT Sector index, Cressanda Railway Solutions Ltd (down 3.23%), Black Box Ltd (down 2.54%),Mastek Ltd (down 2.36%),Birlasoft Ltd (down 2.27%),R Systems International Ltd (down 2.24%), were the top losers. Among the other losers were Mphasis Ltd (down 2.09%), AXISCADES Technologies Ltd (down 1.99%), Vakrangee Ltd (down 1.96%), Coforge Ltd (down 1.91%), and HCL Technologies Ltd (down 1.71%). On the other hand, Moschip Technologies Ltd (up 6.52%), Aurionpro Solutions Ltd (up 5%), and TVS Electronics Ltd (up 4.73%) moved up. At 13:41 IST, the S&P BSE Sensex was up 145.8 or 0.2% at 72634.79. The Nifty 50 index was up 31.95 points or 0.15% at 22027.8. The S&P BSE Small-Cap index was up 54.81 points or 0.12% at 45505.28. The S&P BSE 150 Midcap Index index was down 56.96 points or 0.42% at 13575.22. On BSE,1676 shares were trading in green, 2028 were trading in red and 141 were unchanged.
|
Among the components of the S&P BSE Auto index, TVS Motor Company Ltd (down 3.19%), Bajaj Auto Ltd (down 2.47%),Sundram Fasteners Ltd (down 2.17%),Hero MotoCorp Ltd (down 1.76%),Cummins India Ltd (down 1.63%), were the top losers. Among the other losers were Tata Motors Ltd (down 1.42%), Bosch Ltd (down 1.05%), Samvardhana Motherson International Ltd (down 0.83%), Tube Investments of India Ltd (down 0.76%), and Ashok Leyland Ltd (down 0.62%). On the other hand, Mahindra & Mahindra Ltd (up 1.02%), Maruti Suzuki India Ltd (up 0.94%), and Apollo Tyres Ltd (up 0.08%) turned up. At 13:41 IST, the S&P BSE Sensex was up 145.8 or 0.2% at 72634.79. The Nifty 50 index was up 31.95 points or 0.15% at 22027.8. The S&P BSE Small-Cap index was up 54.81 points or 0.12% at 45505.28. The S&P BSE 150 Midcap Index index was down 56.96 points or 0.42% at 13575.22. On BSE,1676 shares were trading in green, 2028 were trading in red and 141 were unchanged.
|
Among the components of the S&P BSE Realty Index index, Phoenix Mills Ltd (down 3.34%), Godrej Properties Ltd (down 1.78%),Sobha Ltd (down 1.52%),Macrotech Developers Ltd (down 0.91%),DLF Ltd (down 0.82%), were the top losers. Among the other losers were Oberoi Realty Ltd (down 0.53%), Brigade Enterprises Ltd (down 0.48%), and Mahindra Lifespace Developers Ltd (down 0.37%). On the other hand, Prestige Estates Projects Ltd (up 1%), and Swan Energy Ltd (up 0.51%) turned up. At 13:41 IST, the S&P BSE Sensex was up 145.8 or 0.2% at 72634.79. The Nifty 50 index was up 31.95 points or 0.15% at 22027.8. The S&P BSE Small-Cap index was up 54.81 points or 0.12% at 45505.28. The S&P BSE 150 Midcap Index index was down 56.96 points or 0.42% at 13575.22. On BSE,1676 shares were trading in green, 2028 were trading in red and 141 were unchanged.
|
| With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite the adoption of AI that is responsible, accurate, and auditable, aligning strongly with the rapidly evolving demands of banks and insurers. Under the terms of the agreement, Aurionpro will acquire 67% in Arya.ai. This acquisition will bring products and expertise in AI, deep learning, intelligent automation, PaaS, autonomous AI platforms, and tailored industry solutions, to complement and strengthen Aurionpro?s existing industry leading portfolio. Arya.ai Enterprise AI solutions are trusted by more than 100 banks and insurers across Asia. The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. The aggregate investment including secondary acquisition and fund infusion is approximately $16.5 million or Rs 135.20 crore. By integrating Arya.ai?s AI cloud platform, with Aurionpro's comprehensive suite of offerings, the company stated that it intends to create an industry leading enterprise AI platform sharply focused on creating value for financial institutions globally. Leveraging Arya.ai?s expertise in AI solutions and comprehensive governance tools will greatly accelerate Aurionpro?s vision of creating the next generation of highly differentiated software that leads the industry in helping financial Institutions realize true business value from Enterprise AI, added the IT company. Lithasa Technologies is a private limited company incorporated on 11 October 2013, primarily engaged in the business of providing pre-trained machine learning models such as APIs and finetuning ML models for banks, insurers, and financial services. The company recorded a turnover of Rs 20.50 crore during the FY 2023-24. Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors. The company's consolidated net profit rose 13.34% to Rs 37.55 crore on 9.28% increase in net sales to Rs 230.75 crore in Q3 FY24 over Q2 FY24.
|
Canara Bank fell for a fifth straight session today. The stock is quoting at Rs 577.2, down 1.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.Canara Bank has gained around 4.75% in last one month.Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has increased around 3.32% in last one month and is currently quoting at 6953.35, down 0.75% on the day. The volume in the stock stood at 70.98 lakh shares today, compared to the daily average of 57.59 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 579.35, down 0.76% on the day. Canara Bank jumped 94.57% in last one year as compared to a 24.99% rally in NIFTY and a 76.23% spurt in the Nifty PSU Bank index. The PE of the stock is 7.58 based on TTM earnings ending December 23.
|
Bank of India is down for a fifth straight session today. The stock is quoting at Rs 136.35, down 1.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.Bank of India has added around 3.73% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has increased around 3.32% in last one month and is currently quoting at 6953.35, down 0.75% on the day. The volume in the stock stood at 46.68 lakh shares today, compared to the daily average of 121.04 lakh shares in last one month. The PE of the stock is 10.07 based on TTM earnings ending December 23.
|
Marico Ltd fell for a fifth straight session today. The stock is quoting at Rs 505, down 0.28% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.Marico Ltd has gained around 2.52% in last one month.Meanwhile, Nifty FMCG index of which Marico Ltd is a constituent, has increased around 0.05% in last one month and is currently quoting at 52825.5, up 0.37% on the day. The volume in the stock stood at 5.48 lakh shares today, compared to the daily average of 13.49 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 505.55, down 0.43% on the day. Marico Ltd jumped 7.05% in last one year as compared to a 24.99% rally in NIFTY and a 14.63% spurt in the Nifty FMCG index. The PE of the stock is 62.3 based on TTM earnings ending December 23.
|
Axis Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 1010.95, down 1.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.Axis Bank Ltd has lost around 2.3% in last one month.Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has increased around 2.02% in last one month and is currently quoting at 47069.45, up 0.37% on the day. The volume in the stock stood at 148.99 lakh shares today, compared to the daily average of 113.6 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1010.3, down 1.33% on the day. Axis Bank Ltd jumped 16.37% in last one year as compared to a 24.99% rally in NIFTY and a 11.77% spurt in the Nifty Bank index. The PE of the stock is 14.12 based on TTM earnings ending December 23.
|
IDFC First Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 81.65, down 1.15% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.IDFC First Bank Ltd has added around 6.94% in last one month.Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has increased around 2.02% in last one month and is currently quoting at 47069.45, up 0.37% on the day. The volume in the stock stood at 214.45 lakh shares today, compared to the daily average of 502.42 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 81.8, down 0.97% on the day. IDFC First Bank Ltd jumped 44.77% in last one year as compared to a 24.99% rally in NIFTY and a 11.77% spurt in the Nifty Bank index. The PE of the stock is 19.25 based on TTM earnings ending December 23.
|
State Bank of India is down for a fifth straight session today. The stock is quoting at Rs 743.45, down 0.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22027.95. The Sensex is at 72674.25, up 0.26%.State Bank of India has added around 0.98% in last one month.Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has increased around 2.02% in last one month and is currently quoting at 47069.45, up 0.37% on the day. The volume in the stock stood at 62.49 lakh shares today, compared to the daily average of 154.83 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 743.8, down 0.17% on the day. State Bank of India jumped 36.46% in last one year as compared to a 24.99% rally in NIFTY and a 11.77% spurt in the Nifty Bank index. The PE of the stock is 10.68 based on TTM earnings ending December 23.
|
| The company?s board approved the opening of the issue on Thursday, 18 April 2024 with face value Rs 5 per equity share. The floor price of Rs 789.99 is at a discount of 2.19% to Thursday?s closing price of Rs 807.70 on the BSE. The company has said that it will not provide discount above 5% discount on the floor price given. The Issue price will be determined by the company in consultation with the book running lead manager appointed in relation to the Issue. The Fund Raise Committee is scheduled to be held on April 23, 2024 to inter alia, consider and approve the issue price of Equity Shares to be issued pursuant to the QIP, including any discount. Gokaldas Exports is engaged in manufacturing and exporting of readymade garments for men, women, and children and caters to the needs of several leading international fashion brands and retailers. The company has more than 20 manufacturing facilities, primarily in and around Bangalore. The company has reported 25% fall in consolidated net profit to Rs 30.4 crore on a 6% rise in total income to Rs 559.8 crore in Q3 FY24 as compared with Q3 FY23. The scrip rose 0.48% to trade at Rs 811.60 on the BSE
|
Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 921.4, up 1.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 22026.85. The Sensex is at 72673.09, up 0.25%. Jindal Steel & Power Ltd has added around 17.77% in last one month. Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has added around 12.67% in last one month and is currently quoting at 8824.25, up 0.37% on the day. The volume in the stock stood at 22.72 lakh shares today, compared to the daily average of 26.58 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 921.35, up 1.66% on the day. Jindal Steel & Power Ltd is up 57.63% in last one year as compared to a 24.98% gain in NIFTY and a 53.85% gain in the Nifty Metal index. The PE of the stock is 18.9 based on TTM earnings ending December 23.
|
At the same meeting, the company?s board will also consider and approve the audited financial results (standalone & consolidated) for the quarter and the year oended on 31 March 2024. Motilal Oswal Financial Services is a financial services company. Its offerings include capital markets businesses (retail broking, institutional broking & investment banking), asset & wealth management (asset management, private equity & wealth management), housing finance & equity-based treasury investments. The company's consolidated net profit surged to Rs 659.88 crore in the quarter ended December 2023 as against Rs 226.45 crore during the previous quarter ended December 2022. Revenue rose 67.27% to Rs 1766 crore in Q3 FY24 over Q3 FY23.
|
Padget Electronics is the wholly owned subsidiary of Dixon Technologies. Longcheer has strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration & quality control capabilities. Longcheer provides integrated smart product services to global leading consumer electronics brands & tech enterprises across multiple countries & regions with global delivery capabilities & has approximately 28% share of ODM at global level. Atul B. Lall, vice chairman & managing director, Dixon Technologies (India), said: ?It gives us an immense pleasure to partner with 'Longcheer? for undertaking manufacturing and sale of smartphones for large global brands with Longcheer?s design and technology. We are ecstatic and encouraged by the trust that Longcheer and its designated customers have reposed on Dixon group for the proposed association and we firmly believe that this association will leverage our excellence, superior execution track record and Longcheer deep expertise in mobile phones. Dixon Technologies (India) is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes consumer electronics like LED TVs; home appliances like washing machines; lighting products like LED bulbs and tubelights, downlighters; mobile phones; and CCTV & DVRs Medical Equipment; wearables; refrigerators. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels. The company reported 87% jump in consolidated net profit to Rs 970.7 crore on 100% increase in revenue from operations to Rs 4,818.25 crore in Q3FY24 over Q3 FY23. The scrip fell 2.55% to currently trade at Rs 7311 on the BSE.
|
| The plant is designed to meet the increasing demand for flux, a vital component in the continuous casting process at steel plants. Over the last couple of years, Vesuvius India (VIL) has set up three new greenfield manufacturing plants which will create an additional capacity of 2,50,000 tons per annum. The flux manufacturing plant is first of the three new manufacturing plants expected to be operational in 2024, stated the company. Patrick Andre, chief executive of London headquartered Vesuvius group stated ?Given our compelling growth in India and basis our investment pipeline, we envisage surpassing our earlier stated investment plans of Rs 500 crore to reach close to Rs 1,000 crore outlay over the next few years.? ?Our investment in manufacturing capabilities in India will not only further enhance our competitive position in the country but also contribute to the socio-economic development of the communities where we operate and the development of the Indian economy.? said Biswadip Gupta, chairman of VIL. Nitin Jain, managing director of VIL, said ?We have invested in state-of- the-art plant design with product consistency as the core. Further, kept sustainability in focus for energy efficiencies as well as waste management. On overall investment plans, we continue to make investments ahead of time to expand our capacity as well as product portfolio.? Vesuvius India is engaged in the business of manufacturing, trading and sale of a range of refractories. At present the company has four factories one each at Kolkata, Mehsana and two at Visakhapatnam and one manufacturing arrangement at Salem. The company?s consolidated net profit surged 106.5% to Rs 57.07 crore on 19.3% rise in net sales to Rs 413.15 crore in Q4 CY23 over Q4 CY22.
|
|
|