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Adani Power share price: Adani Power signed a 25-year power supply agreement with Bihar State Power Generation Company for a 2,400 MW ultra supercritical thermal power plant in Bhagalpur district. The $3 billion DBFOO project is expected to strengthen Bihar’s power availability and generate thousands of jobs.
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“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
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RailTel share price: RailTel has bagged a Rs 210 crore order from Bihar Education Project Council under the PM SHRI scheme to supply digital infrastructure and related services aimed at enhancing education quality in the state. The project is slated for completion by September 2026.
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Atul Bhole from Kotak Mutual Fund suggests that the Indian stock market’s risk-reward is now favorable after a period of correction. He recommends deploying cash into equities, anticipating double-digit earnings growth driven by government reforms, GST, and addressed liquidity issues. Despite underperforming other markets, domestic flows remain strong, making IT sector a contrarian investment opportunity.
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Futures open interest surged over 5.5% across six NSE F&O stocks, including NBCC, HFCL, Lodha Developers, and KPIT Technologies, indicating fresh long positions and heightened market participation. The rise suggests increased trader conviction and potential momentum in these counters.
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