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The Nifty Auto index was trading 0.23 per cent down at 11474.7.

A total of 203,331 shares changed hands on the counter till time (IST).

Avenue Supermarts on Saturday reported a 23.62 per cent rise in consolidated net profit to Rs 552.53 crore for the third quarter ended December 31. The company had posted a net profit of Rs 446.95 crore in the same quarter a year ago.

Analysts are largely mixed on Paytm shares with most targets not seeing the scrip revisiting its IPO issue price anytime soon.

"Our order book continues to grow against the backdrop of orders secured across all our business verticals,” KEC International MD and CEO Vimal Kejriwal, was quoted as saying in PTI’s report.

"Continuing with our focus on capital light growth, we have entered into JDA for six additional new projects during the quarter (October-December) having ~4.8 million square feet of saleable area with GDV (gross development value) of Rs ~10,000 crores," the company said in a regulatory filing on Thursday evening.

"In the case of technology companies, most of them have guided for the fact that 80% to 90% of the surplus will be distributed to shareholders, so there are two ways. One is to give out a dividend. The second is to do a buyback."

Going beyond merely buying and selling crypto tokens, the company is offering a unique investment opportunity to earn passive income. The users can invest via simple rupee deposits, which get converted to stable cryptocurrencies generating returns.

The partially convertible rupee opened at 74.41 against the greenback as against 74.34 at previous close. So far in the day, the Indian currency moved in a band of 74.11-74.47 versus US dollar.

Pine Labs serves over 150,000 merchants in India, the Middle East and Southeast Asia. The company has expanded both organically and via acquisitions including consumer fintech platform Fave last year.