{"id":5543,"date":"2024-01-31T11:40:37","date_gmt":"2024-01-31T06:10:37","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5543"},"modified":"2024-09-03T11:17:57","modified_gmt":"2024-09-03T05:47:57","slug":"currency-market-overview-january-31-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-january-31-2024\/","title":{"rendered":"MARKET OVERVIEW :"},"content":{"rendered":"

Currency Market Overview January 31, 2024<\/span><\/h1>\r\n

L&T Shares May See More Upside On Hopes Of Strong Prospects Post Q3 Earnings<\/strong><\/p>\r\n

Shares of Larsen & Toubro (L&T) fell 5% in trade Wednesday after the engineering and infrastructure conglomerate\u2019s December quarter (Q3FY24) revenue beat Street estimates, but lower-than-expected margins led to a miss in net profit. L&T\u2019s Q3 performance was supported by robust order inflows. The company reported a 19%, 14%, 15% year-on-year (YoY) growth in revenue, EBITDA, and PAT on a consolidated basis.<\/p>\r\n

At 9:30 am, the scrip was trading 5.23% lower at \u20b93,443.15 apiece on the NSE. At this price, L&T shares have tumbled 4% in the last five trading sessions. That said, the stock has rallied over 60% in a year.<\/p>\r\n

VIP Industries Hits 52-Week Low<\/strong><\/p>\r\n

VIP Industries shares are trading near their 52-week low of Rs 513.15 apiece, which it hit earlier today.The stock has fallen 25.63% in the past year.<\/p>\r\n

|Nova AgriTech Shares List At Over 36% Premium To IPO Price<\/strong><\/p>\r\n

The shares of Nova AgriTech listed with a premium of 36.5% on the exchanges on Wednesday, January 31. The stock debuted at \u20b956 on BSE over the issue price of \u20b941 while it debuted at \u20b955, up 34.15% on NSE. Ahead of the listing, the shares of the crop nutrition player traded with a premium of \u20b913 in the unlisted market.<\/p>\r\n

Auto Stocks Up, Tata Motors, Bharat Forge, M&M Top Nifty Auto Gainers<\/strong><\/p>\r\n

The Nifty Auto index is the top gainer among sectoral indices, up 1.28%. Barring Tube Investments of India, Hero MotoCorp and Balkrishna Industries, the remaining 12 stocks in the index are in the green.<\/p>\r\n

Suzlon Shares Gain Nearly 3% Ahead Of Q3 Earnings<\/strong><\/p>\r\n

Suzlon shares are up for the fifth day today, trading 2.63% higher. The company is set to report its third quarter earnings today.The stock has gained 137.2% in the last six months and 358.67% in the past year.<\/p>\r\n

PB Fintech Shares Cross IPO Price Of Rs 980 After Two Years Following First Ever Profit<\/strong><\/p>\r\n

Shares of PB Fintech Ltd. crossed their IPO price of \u20b9980 on Wednesday after the company reported its first ever quarterly profit in the December quarter.<\/p>\r\n

The stock had slipped below its IPO price in January 2022, following which, it made an all-time low of \u20b9356 in November that year.<\/p>\r\n

Cochin Shipyard Hits All-Time High<\/strong><\/p>\r\n

Cochin Shipyard shares hit their all-time high of Rs 903.2 per share today. The stock is currently up 3.4%<\/p>\r\n

It has gained 171.66% in the last six months and 255.5% in the past year.<\/p>\r\n

\u00a0L&T Falls Nearly 5% but will see an up-surge…<\/strong><\/p>\r\n

L&T shares are in the red for the second day today, down nearly %.<\/p>\r\n

The stock has been in the green for three out of the last five trade sessions.<\/p>\r\n

Its management tells CNBC-TV18 that likely to end the year with order inflow growth of 20%+. The company had earlier guided for order inflow of 12% for financial year 2024. Possibility of high teen revenue growth, likely to beat upper end of revenue growth guidance of 12% to 15%. Core EBITDA margin for the current financial year may be between 8.25% to 8.5%. Frontline numbers were mixed with net profit below estimates, as was the EBITDA margin. Order inflow during the quarter up 25% to \u20b976,000 crore.<\/p>\r\n

The stock has gained 62.47% in the past year.<\/p>\r\n

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Currency Market Overview January 31, 2024 L&T Shares May See More Upside On Hopes Of Strong Prospects Post Q3 Earnings Shares of Larsen & Toubro (L&T) fell 5% in trade Wednesday after the engineering and infrastructure conglomerate\u2019s December quarter (Q3FY24) revenue beat Street estimates, but lower-than-expected margins led to a miss in net profit. L&T\u2019s […]<\/p>\n","protected":false},"author":6,"featured_media":3181,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-5543","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-currency-update","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=5543"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5543\/revisions"}],"predecessor-version":[{"id":9541,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5543\/revisions\/9541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/3181"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=5543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}