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BEL, HAL, and BHEL shares tumble up to 7% as defence Budget falls short of expectation

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Shares of Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL), and Bharat Heavy Electricals Ltd (BHEL) declined up to 7% on Monday, as the Indian defence sector was hit by investor disappointment following the Union Budget FY26. The defence budget allocation of Rs 4.92 lakh crore fell…

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