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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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Deven Choksey of DRChoksey FinServ believes Tata Motors' stock price reflects current guidance cuts. Uncertainty around tariffs and trade agreements caused the cuts. He suggests the company's future prospects, including JLR's EV roadmap, are promising. Choksey sees potential for rerating once JLR is separately valued. He recommends buying opportunities at 600-660.
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