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BHEL Share Price: Shares of Bharat Heavy Electricals Limited (BHEL) rose 3% to Rs 274 on Monday after the company secured a Rs 6,100 crore order from NTPC. BHEL announced in a filing that it received a Notification of Award (NOA) for the 1x800 MW Sipat Supercritical Thermal Power Project Stage-III from NTPC Limited.

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A short buildup occurs when open interest and trading volumes rise while stock prices fall, signaling traders expect declines. On Monday, five stocks saw fresh short positions established.

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As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 3.23 per cent.

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A total of 3,236 shares changed hands on the counter till 11:06AM (IST)

Nifty rebounded after a brief contraction of just 0.6% over the week, closing at a record high of 25,790. This was accompanied by strong momentum in BankNifty and noticeable sector rotation.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Overall, markets have maintained their bullish stance and any correction is being bought into, clearly reflecting the upper hand of the bulls.

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