Top stocks in focus: SBI Cards, Inox Leisure, PVR, Zomato, Bajaj Auto

5 Apr 2022 , 07:38 AM

Carlyle Group will sell its entire stake in SBI Cards & Payments Services Ltd for as much as Rs2,558 crore via block deal, according to the media reports.

Inox Leisure and PVR, which had announced their merger last month, have a combined pipeline of 2,000 screens and aim to double this size in next seven years, entailing an investment of Rs4,000 crore.

CCI has ordered an investigation into the practices of online food delivery apps– Zomato and Swiggy on various allegations in relation to delayed payment cycles, unfair pricing, platform neutrality, and other aspects.

Bajaj Auto reported a 20 per cent decline in total vehicle sales at 2,97,188 units in March compared to the year-ago period.

Mangalore Refinery and Petrochemicals Ltd has bought 1 million barrels of Russian Urals crude for May loading via a tender, three trade sources familiar with the deal said, a rare purchase driven by the discount offered.

Manganese Ore (India) Limited (MOIL) has reported a 22 per cent growth in its turnover at Rs1,436 crore for the financial year ended March 31, 2022, the Ministry of Steel said on Monday.