These 5 large caps are in the news on June 20!

On Monday these are the 5 large caps are in the news. Let us see why!

Cipla Ltd: The company has signed definitive agreements for the acquisition of a 21.05% stake for Rs 25 crore in Achira Labs which is engaged in the development and commercialization of point of care (PoC) medical test kits in India. This investment will enable a Cipla entity's strategic participation in the Poe diagnostics and AMR space through the design, development, and manufacturing of microfluidics-based technologies. Today at 11:15 am, the scrip is trading at Rs 909.75, a decline of 0.64%.

Maruti Suzuki Ltd:  The company announced that it has invested around Rs 2 crore in Sociograph Solutions (SSPL), as part of its MAIL initiative to support start-ups. Sociograph Solutions is a start-up concentrating on artificial intelligence (AI). It has planned to use the visual artificial intelligence platform of Sociograph Solutions called Dave.AI, to enrich the digital sales experience of its customers. Today at 11:15 am, the scrip is trading at Rs 7,727.05, an increase of 0.47%.

Aurobindo Pharma Ltd: The company announced that the Board has approved the acquisition of 51% equity shares in GLS Pharma Limited, which operates in the oncology business and has a manufacturing facility in Hyderabad for a total consideration of Rs 28 crore. Today at 11:15 am, the scrip is trading at Rs 508.80, a decline of 1.31%.

State Bank of India Ltd: The bank said that it has been advised by the Indian Banks' Association (IBA) that the United Forum of Bank Unions (UFBU) has served a Notice, informing their decision to go on a nationwide Bank Strike on 27th June 2022 in support of their 5 points Charter of Demands. Today at 11:15 am, the scrip is trading at Rs 435.20, a decline of 1.32%.

Coal India Ltd:  On 17th June 2022, the coal firm said that it is exploring its UG production by four-fold to 100 million tonnes (MTs) by FY 2030 from 25.6 MTs in FY’22. UG output is environmentally clean, minimally invasive on land degradation, and society friendly. Today at 11:15 am, the scrip is trading at Rs 178.05, a decline of 2.55%.