Stocks in news: Adani Ports, Morepen Labs, IDBI Bank, Tata Chemicals & Motherson Sumi

Nifty futures on the Singapore Exchange traded 2 points, or 0.01 per cent, higher at 14,684.50 in signs that Dalal Street was headed for a flat start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Adani Ports, L&T Infotech: Adani Ports, Adani Total Gas, L&T Infotech, P&G Hygiene,

, Morepen Labs, DCM Shriram, IIFL Securities, and are among companies which will report their March quarter results on Tuesday.

IDBI Bank: LIC-owned IDBI Bank reported a nearly four-fold jump in its standalone profit after tax to Rs 512 crore in the March quarter compared to Rs 135 crore in the year-ago period on the back of an impressive 38 per cent growth in its net interest income (NII).

Motherson Sumi: Auto components major

Systems said it has completed the acquisition of Bombardier’s electrical wiring interconnection systems (EWIS) business in Huehuetoca, Mexico.

M&M: Utility vehicles major Mahindra & Mahindra said it has advanced the annual maintenance plant shutdown of its automotive division to this month in the wake of the second wave of the coronavirus pandemic across the country. The maintenance of four working days was originally scheduled for June 2021, M&M said in a regulatory filing.

Tata Chemicals: The company reported an 85 per cent decline in consolidated profit after tax (PAT) at Rs 29 crore for the quarter ended March 2021. The consolidated PAT of the company stood at Rs 198 crore for the corresponding period of the previous fiscal,

said in a statement.

JSW Energy: The company said its arm JSW Renew Energy has inked a power purchase agreement for supply of 540 MW from a total blended wind capacity of 810 MW, which was bagged through a competitive bidding process.

Larsen & Toubro Technology Services: LTTS posted a 5 per cent decline in consolidated net profit at Rs 194.5 crore in the March 2021 quarter. The company had registered a net profit of Rs 204.8 crore in the year-ago period, according to a regulatory filing.

TBZ: Jewellery firm Tribhovandas Bhimji Zaveri posted a more than three-fold jump in consolidated net profit at Rs 9.36 crore for the fourth quarter of the 2020-21 fiscal on higher income.

ICICI Bank: The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for “contravention of certain directions issued by the RBI contained in Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’ dated July 1, 2015”, the central bank said in a statement.

Home First Finance Company: The affordable housing finance player reported a profit after tax of Rs 31 crore for the quarter ended March 2021. It had posted a profit after tax of Rs 12 crore in the year-ago period.

Kotak Mahindra Bank: The board of Kotak Mahindra Bank is cognisant of succession planning and will take a call at the appropriate time, Asia’s richest banker Uday Kotak said on Monday. Kotak who’s tenure as the chief of Kotak Mahindra Bank would end in December 2023 after RBI capped tenure of private bank CEOs, said the board will ensure and maintain long term stakeholder value.

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