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GMR Infra has shown 100% cumulative stock returns over the last few years. It does not pay dividends. Bajaj Auto on the other hand pays

GMR Infra has shown 100% cumulative stock returns over the last few years. It does not pay dividends. Bajaj Auto on the other hand pays dividends of around INR 12.00 per year and has shown 100% cumulative stock returns over the last five years. Discuss their growth based on their dividend pay-out policy.

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