Large & Mega-Cap Stocks in View: Maruti Suzuki, Bajaj Auto, Zomato & More

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Large & Mega-Cap Stocks in View: Maruti Suzuki, Bajaj Auto, Zomato & More
Credit: © Reuters.

By Malvika Gurung -- Maruti Suzuki (NS: MRTI ): The country’s largest auto manufacturer will work jointly with Toyota to launch an SUV model at the latter’s facility, starting in August, and will compete against Hyundai Creta in the Indian market.

Dr. Reddy’s Laboratories (NS: REDY ): The pharma giant has acquired a portfolio of branded and generic injectable products from the US-based Eton Pharmaceuticals for $50 million.

Infosys (NS: INFY ): According to the IT major’s co-founder and chairman Nandan Nilekani, the major has given a capital return of more than Rs 24,100 crore, along with a total dividend of Rs 31/share and a share buyback of over Rs 11,000 crore in 2021-22.

Zomato (NS: ZOMT ): The online food aggregator’s board of directors have approved the acquisition of Blinkit for a consideration of Rs 4,447.48 crore in a share-swap deal. The amount is 43% lower than Blinkit’s last valuation of over $1 billion, stated reports.

Bajaj Auto (NS: BAJA ): The company's board will meet on Monday (June 27) to consider the share buyback proposal. The price and other details related to the deal will be disclosed after the meeting.

Axis Bank (NS: AXBK ): RBI has reappointed Rajiv Anand as the private lender’s deputy managing director for the next three years.

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