Top 5 stocks in focus on June 4: Bharti Airtel, McLeod Russel, Future Retail, Dr Reddy's and Idea
It is the start of the week and there are some stocks that have quickly come to the fore. So, check out here 5 stocks in focus on June 4, 2018:
Bharti Airtel: This is the largest telecom company in India and it was able to add 45 lakh subscribers during April 2018. Its market share at present stands at 29.41 per cent.
Dr Reddy's Laboratories limited: Dr Reddy's Laboratories Ltd has said the USFDA audit of the company's API Srikakulam plant (SEZ) located in Andhra Pradesh, has been completed with no observations. The company is planning to launch over 10-15 products in the US markets in 2018-19.
McLeod Russel: The board of directors of the company has approved the buyback of its paid-up shares with a face value of Rs 5 each for a maximum price of Rs 210 per share from the shareholders of the company. With this buyback, McLeod Russel India is going to buy back 4.35 per cent of the total number of paid-up equity shares of the company.
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Future Retail: The company has completed the acquisition of Foodworld - the retail business of Foodworld Supermarket.
Idea Cellular Limited: This telecom company, with 20.65 per cent market share, was able to add 56 lakh new subscribers during April 2018. Secondly, it has also decided to change its name to Vodafone Idea Limited after its merger with Vodafone India, the Indian unit of United Kingdom based Vodafone Plc.