The agency has reaffirmed its 'CRISIL A1+? rating on the company?s commercial paper programme and short-term bank loans.

CRISIL stated that the rating upgrade reflects the improving business risk profile of the company with sustained improvement in operating profitability across the power generation and distribution business during fiscal 2024.

The company has sustained its healthy financial risk profile, with consolidated net leverage (ratio of net debt to adjusted earnings before interest, tax, depreciation and amortisation [EBITDA]) estimated below 4 times as on 31 March 2024, and expected to remain so over the medium term.

The increase in operating profitability of Tata Power since fiscal 2023 is mainly on account of better profitability of its Mundra Ultra Mega Power Project (Mundra plant), improved efficiency of the Odisha distribution companies (discoms) and continued growth in the renewable energy (RE) business with steady capacity addition.

The company continues to benefit from its integrated operations, robust power demand in the country supporting higher plant load factor (PLF) of its power plants, healthy execution in the RE segment, which has also been supported by moderating module prices.

The improving operating profitability in distribution business, with reducing aggregate technical and commercial (AT&C) losses in Odisha and ongoing recovery of regulated assets in other discoms, have also helped.

As the company scales up operations, improving operating efficiency and steady cash creation in thermal generation and regulated business will support strong operating cash accrual, despite the reduction in earnings from coal mining business amid lower coal prices since last fiscal.

Furthermore, increasing integration in the RE business through in-house module manufacturing and engineering, procurement, and construction (EPC) business will lend support going forward.

The ratings also factor in the strong financial flexibility of Tata Power aided by being a part of the Tata group. The financial flexibility is also supported by the demonstrated ability of Tata Power to raise strategic growth funds (nearly Rs 4,000 crore raised during fiscal 2023 by selling approximately 10% stake in the RE business). This will help achieve the capex target while keeping leverage within the rating threshold.

Tata Power is India's largest integrated private power utility, with installed generation capacity of 12.4 GW as on 10 November 2023 (excluding 1.98 GW through a platform structure). The company is present across the power business spectrum, from generation (thermal, hydro, solar and wind) to transmission and distribution.

The scrip had declined 0.44% to end at Rs 428 on the BSE on Friday.

Profit before tax jumped 66.3% YoY to Rs 479.67 crore during the quarter.

Operating profit stood at Rs 489 crore in Q4 FY24, registering the growth of 66% as compared with Rs 294 crore posted in corresponding quarter last year.

During the quarter, loan disbursement increased 3.98% to Rs 12,869.35 crore as against Rs 11,291.09 crore in Q4 FY23. While loan book jumped by 26.81% YoY to Rs 59,698 crore in Q4 FY24.

Net NPA?s reduced by 40.52% to 0.99% as against 1.66%. Net interest margin was 2.85% in Q4 FY24 as against 2.82% in Q4 FY23.

On year on year basis, the company?s net profit jumped 44.8% to Rs 1252.23 crore in FY24 as compared with Rs 864.63 crore in FY23. Revenue from operations jumped 42.3% YoY to Rs 4871.16 crore in FY24.

IREDA is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on March 2024, GoI held 75% stake in IREDA.

The scrip declined 1.41% to end at Rs 160.80 on Friday, 19 April 2024.

Operating profit climbed 32.62% YoY to Rs 523.6 crore in the quarter ended 31 March 2024.

For Q4 FY24, profit before tax was at Rs 679.09 crore, up 38.09% from Rs 491.78 crore posted in same quarter last year.

QAAUM (quarterly average assets under management) of Rs 6,12,900 crore for the quarter ended March 2024, up 36.26% form Rs 4,49,800 crore in the same period a year ago, 11.3% market share in QAAUM of the mutual fund industry.

QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at Rs 3,65,000 crore for the quarter ended 31 March 2024 with a market share of 12.8%. The AMC stated that it is amongst the largest actively managed equity-oriented mutual fund managers in the country.

The ratio of equity oriented AUM and non-equity oriented QAAUM was around 63:37, compared to the industry ratio of 54:46 as on 31 March 2024.

71% of the company?s total monthly average AUM is contributed by individual investors compared to 61% for the industry.

The company said that 7.74 million systematic transactions with a value of Rs 29,300 crore processed during the month of March 2024.

As on 31 March 2024, total live accounts stood at 16.6 million, unique customers as identified by PAN or PEKRN stands at 9.6 million compared to 44.6 million for the industry, a share of 22%.

On full year basis, the company's net profit increased 36.66% to Rs 1,945.88 crore on 27.38% rise in total income to Rs 3,162.43 crore in FY24 over FY23.

Meanwhile, the board of directors recommended a dividend of Rs 70 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.

HDFC Asset Management Company (HDFC AMC) is the investment manager of HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors, and national distributors.

The scrip declined 1.73% to close at Rs 3,707.15 on the BSE.

Revenue from operations rose marginally to Rs 22,208.3 crore in the March quarter as against Rs 22,205.1 crore reported in the preceding quarter same year.

On year on year (YoY) basis, the IT firm?s net profit slipped 7.8% and revenue declined 4.23% in Q4 FY24.

Profit before tax was at Rs 3,862.2 crore in quarter ended 31 March 2024 (up 8.73% quarter on quarter (QoQ) and down 3.89% YoY).

In dollar terms, Wipro's gross revenue stood at $2.7 billion in Q4 FY24. IT services segment revenue was at $2,657.4 million, up 0.1% QoQ and down 6.4% YoY.

IT services operating margin for the quarter was at 16.4%, up by 40 bps QoQ. Non-GAAP constant currency IT services segment revenue declined 0.3% QoQ and 6.6% YoY.

For the quarter ending 30 June 2024, Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million. This translates to sequential guidance of -1.5% to +0.5% in constant currency terms.

During the quarter, the IT company's total bookings was at $3.6 billion, registering a decline of 4.85% QoQ and 13.54% YoY. Large deal bookings was at $1.2 billion, increase of 31.1% QoQ and 9.5% YoY

The company said that its closing employee count in IT Services stood at 234,054. Voluntary attrition was at 14.2% on a trailing 12-month basis.

For FY24, the IT firm?s consolidated net profit declined 2.69% year on year to Rs 1,1045.2 crore. Revenue fell marginally to Rs 89,760.3 crore in FY24 as against Rs 90,487.6 crore reported in FY23.

Srini Pallia, CEO and managing director, said ?FY24 proved to be a challenging year for our industry, and the macroeconomic environment remains uncertain. We are on the brink of a major technological shift. Artificial intelligence is transforming our clients? needs as they seek to harness its power for competitive advantage and enhanced business value.?

Aparna Iyer, chief financial officer, said ?We expanded our margins by 40 basis points during the quarter resulting in EPS growth of 5.2% QoQ in Q4. Despite a challenging macro-environment our IT services margin expanded by 50 basis points for the full year FY24. We generated highest operating cash flow in recent years which is at 183% of our net- income in Q4 and 159% on a full year basis.?

Aparna C. Iyer, chief financial officer, said, ?I am pleased with our rigor of execution across all financial metrics- revenue, margin, EPS, and cash flow. We are building a more resilient, agile, and efficient organization which has helped us sustain our margins at 16%, a 63 basis point improvement on a year-to-date basis despite revenue headwinds and absorbing the impact of the investments we are making for growth and people.?

Meanwhile, the company?s board has approved the re-appointment of Rishad A. Premji as whole-time director designated as executive chairman for a period of 5 years with effect from 31 July 2024 to 30 July 2029.

Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

Shares of Wipro rose 1.92% to end at Rs 452.85 on the BSE.

Meanwhile, the company?s board approved raising of funds upto Rs 400 crore through issuance of instruments or securities including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering, in one or more of the tranches.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.

The company had reported a consolidated net profit of Rs 1.71 crore in the quarter ended December 2023 as against Rs 0.63 crore during the previous quarter ended December 2022. Sales rose 19.46% to Rs 44.56 crore in Q3 FY24 over Q3 FY23.

Revenue from operations during the quarter was Rs 7,285 crore, down 12.02% year on year, on account of significantly lower zinc & lead prices and lower lead volume, partly offset by increased zinc & silver volumes, better silver prices and favorable exchange rates

Zinc cost of production before royalty (COP) for the quarter stood at $ 1,051 (Rs 87,284) per MT, lower by 4% QoQ and 13% YoY in both $ and Rs terms. Zinc COP for the full year was $ 1,117 (Rs 92,470) per MT, down by 11% YoY (8% lower in Rs terms). Cost improvement is majorly on account of better grades, softened coal and input commodity prices and better linkage coal materialization partly offset by lower acid realisation.

In Q4 FY24, EBITDA was Rs 3,637 crore, up 2%QoQ and down 14%YoY in line with the revenue from operations and cost improvement. EBITDA margin stood at 48% in Q4 FY24.

Mined metal production for the quarter was 299 kt, up 11% sequentially and down 1% y-o-y, driven by higher ore production across mines, further supplemented by improved mined metal grades but marginally down y-o-y.

Refined zinc production for the quarter was 220 kt, up 9% sequentially and 2% YoY. Refined lead production for the quarter was 53 kt, down 5% sequentially and 2% y-o-y.

Saleable silver production for the quarter was 189 MT, down 4% QoQ in line with lead metal production, partly offset by WIP depletion, and up 4% YoY on account of WIP depletion during the quarter.

As on 31 March 2024, the company?s gross investments and cash & cash equivalents were Rs 10,186 crore as compared to Rs 9,743 crore at the end of December?23 which was invested in high quality debt instruments. Total borrowings outstanding as on March 2024 was Rs 8,455 crore.

On full year basis, the company?s net profit fell 26.18% to Rs 7,759 crore in FY24 as against net profit of Rs 10,511 crore is recorded in FY23. Revenue from operations declined 15.59% YoY to Rs 28,082 crore in FY24.

The company has a robust free cash flow from operations post capex of Rs 9,004 crore for FY24 (sustenance capex of Rs 3,038 crore and growth capex of Rs 1,172 crore) contributing to a healthy balance sheet, while maintaining a consistent AAA credit rating.

Arun Misra, chief executive officer (CEO), said, ?FY 2023-24 has been a year of solid growth for HZL, with mined metal, refined metal, and silver recording its highest historic production levels, supported by a backdrop of fatality-free operations. As part of our strategy, it was driven by our increased focus on silver & metal production and cost optimisation. Fuelled by our robust silver maximisation strategy, I am thrilled to announce that HZL has now become the 3rd largest silver producer globally. Additionally, during the quarter, HZL also incorporated ?Hindmetal Exploration Services, as a wholly owned subsidiary, with an objective to explore, discover, develop and tap mineral resources aligning with the national focus and vision.

Our commitment on the sustainability efforts remains robust. I am happy to share that our renewable energy (RE) power delivery agreement of 450 MW is advancing well and the first flow of RE power is now preponed and expected to begin in April?24, contributing to our journey towards achieving net zero targets. With the full implementation of commissioned projects, HZL is poised for another exceptional year ahead.?

Sandeep Modi, chief financial officer (CFO), said: ?Despite the plunging metal prices, HZL has consistently sustained its margin at a steady 47% by recording its fifth consecutive quarter of sustained cost reduction, clocking the lowest cost in last 3 years. This demonstrates the effectiveness of our agile decision-making strategy, with instances such as maximization of silver production leveraging the soaring silver prices, power plant modifications ensuring better linkage coal consumption thereby lowering the power costs along with operational & commercial efficiencies.

I firmly believe that the challenges encountered throughout the year have strengthened our resilience and fortitude, propelling us to strive for even greater performance in the upcoming year towards our aspired annual targets and strong balance sheet.?

On its outlook for financial year 2024-2025, the company said that both mined metal and refined metal production in FY25 is expected to be higher than last year, given the rampup of all major projects commissioned in the last year and better capacity utilization.

Further stated, Mined metal is expected to be between 1,100-1,125 kt & refined metal production in the range of 1,075-1,100 kt. FY25 saleable silver production is projected to be between 750-775 MT. Zinc cost of production in FY25 is expected to be in between $1,050-1,100 per MT. Project capex for the year is expected to be in the range of US$ 270-325 million.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of September 2023, Vedanta held 64.92% stake in the company.

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.

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.