Mega-Cap Stocks in Focus: Maruti Suzuki, SBI, Adani Power, Oil Companies & More

By Malvika Gurung — Maruti Suzuki India (NS:): India’s largest carmaker will be recalling 5,002 super carry vehicles manufactured between May 4, 2022, and July 30, 2022.

State Bank of India (NS:): SBI Global Factors have become a 100% subsidiary of the state-lending giant as the latter acquired almost 14% stake from other shareholders.

Adani Power (NS:): The energy company’s promoters have withdrawn the delisting offer due to non-receipt of in-principle approval of stock exchanges.

Ambuja Cements (NS:), ACC (NS:): The Adani (NS:) Group has successfully completed the acquisition of the two cement companies and has become India’s second largest cement manufacturer. Vinod Bahety has been appointed as the CFO of ACC.

Hero MotoCorp (NS:): The automaker is all set to enter the electric vehicle segment next month, launching its first model in India.

Mahindra & Mahindra (NS:): Mahindra Susten, a wholly owned subsidiary of Mahindra Holidays (NS:), which is, in turn, a wholly-owned subsidiary of M&M has sold a 30% stake to the Ontario Teachers’ Pension Plan Board at an equity value of Rs 2,371 crore.

Oil & Petrochem Stocks: The Government has slashed windfall tax on diesel and ATF exports as well as on domestically-produced .

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