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Market expert Neeraj Dewan is optimistic about the defence sector's long-term growth, highlighting budget allocations and export potential. He favors Garden Reach and Mazagon Dock for long-term investment, while advising caution on SCI and Cochin Shipyard due to geopolitical risks. Dewan anticipates consolidation in Asian Paints and suggests potential short-term gains, but expects sluggish medium-term performance.
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Shares of Shipping Corporation of India declined following a rally. Investors booked profits amid hopes of a Middle East truce. This tempered fears of prolonged shipping disruptions. Great Eastern Shipping Company shares also decreased. Tensions in the Middle East previously fueled investor demand for shipping stocks. India relies heavily on Gulf nations for crude oil imports.
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ArisInfra Solutions shares: The Grey Market Premium (GMP) represents the price at which shares of a forthcoming IPO are being traded in the unofficial market before their official stock exchange listing. A high or positive GMP indicates strong investor interest and suggests that the shares may debut at a price higher than the issue price.
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