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BEML Limited shares jumped after winning a ₹590 crore defence order from the Ministry of Defence. The stock has gained strong momentum, rising ~21% in a month and delivering about 200% returns over three years, reflecting sustained investor interest.
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Shares of Tata Power and Adani Power surged as heatwave alerts from the India Meteorological Department raised expectations of higher electricity demand, with analysts weighing their risk-reward appeal.
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Market watchers responded cautiously to the latest quarterly numbers, which fell short of expectations in growth and margins. While new deal wins were announced, concerns linger about their quality and sustainability amid geopolitical uncertainties. The company’s forward guidance suggests performance may lean towards the lower end of projections.
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Market veteran Pashupati Advani remains cautious about the current market rally, citing unresolved fundamental uncertainties like the Strait of Hormuz closure and its impact on India’s oil and LNG imports. He highlights tangible issues such as LPG shortages and concerns about the IT sector facing headwinds from visa restrictions, AI, and job market stagnation, warning of potential economic fallout.
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Bitcoin reached $77,400 on Tuesday. Derivatives-driven trading caused liquidations for over 114,000 traders. Bitcoin and Ethereum saw gains. Major altcoins like XRP and Solana also rallied. Institutional acceptance and ETF inflows support the market. Investors are watching for the next price move. Whales have accumulated significant Bitcoin.
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