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


Nifty futures on the Singapore Exchange traded 2 factors, or 0.01 per cent, greater at 14,684.50 in indicators that Dalal Street was headed for a flat begin on Tuesday. Here are a number of shares which can buzz the most in right this moment’s commerce:

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

, Morepen Labs, DCM Shriram, IIFL Securities, and are amongst firms which can report their March quarter outcomes on Tuesday.

IDBI Bank: LIC-owned

reported a virtually four-fold soar in its standalone revenue after tax to Rs 512 crore in the March quarter in comparison with Rs 135 crore in the year-ago interval on the again of a powerful 38 per cent progress in its internet curiosity revenue (NII).

Motherson Sumi: Auto parts main

Systems mentioned it has accomplished the acquisition of Bombardier’s electrical wiring interconnection techniques (EWIS) enterprise in Huehuetoca, Mexico.

M&M: Utility autos main Mahindra & Mahindra mentioned it has superior the annual upkeep plant shutdown of its automotive division to this month in the wake of the second wave of the coronavirus pandemic throughout the nation. The upkeep of 4 working days was initially scheduled for June 2021, M&M mentioned in a regulatory submitting.

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

mentioned in a press release.

JSW Energy: The firm mentioned its arm JSW Renew Energy has inked an influence buy settlement for provide of 540 MW from a complete blended wind capability of 810 MW, which was bagged via a aggressive bidding course of.

Larsen & Toubro Technology Services: LTTS posted a 5 per cent decline in consolidated internet revenue at Rs 194.5 crore in the March 2021 quarter. The firm had registered a internet revenue of Rs 204.8 crore in the year-ago interval, in keeping with a regulatory submitting.

TBZ: Jewellery agency Tribhovandas Bhimji Zaveri posted a greater than three-fold soar in consolidated internet revenue at Rs 9.36 crore for the fourth quarter of the 2020-21 fiscal on greater revenue.

ICICI Bank: The RBI has imposed a financial 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 financial institution mentioned in a press release.

Home First Finance Company: The reasonably priced housing finance participant reported a revenue after tax of Rs 31 crore for the quarter ended March 2021. It had posted a revenue after tax of Rs 12 crore in the year-ago interval.

Kotak Mahindra Bank: The board of Kotak Mahindra Bank is cognisant of succession planning and can take a name at the applicable time, Asia’s richest banker Uday Kotak mentioned on Monday. Kotak who’s tenure as the chief of Kotak Mahindra Bank would finish in December 2023 after RBI capped tenure of personal financial institution CEOs, mentioned the board will guarantee and keep long run stakeholder worth.



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