Paytm, Coforge, OMCs among buzzing stocks as SENSEX rises over 200 pts, NIFTY above 23,700

The Indian benchmark indices, SENSEX and NIFTY50, continued to trade in the positive territory during the afternoon session on Tuesday, May 19, supported by buying in NIFTY IT stocks.

Investor sentiment improved as crude oil prices declined in international markets while the rupee remained largely flat against the US dollar.

The SENSEX advanced as much as 0.57% to hit an intraday high of 75,746.27. Meanwhile, the NIFTY50 touched the session’s high of 23,782.30.

At 12:52 PM, the S&P BSE SENSEX jumped by 259.57 points, or 0.34%, to 75,574.61. NSE’s NIFTY50 was trading at 23,724.50, marking a 74.55 points, or 0.32% increase.

Buzzing stocks on May 19: Check list

Shares of oil marketing companies (OMCs), such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL), soared over 3%, as the government hiked fuel rates for the second time in less than a week amid a surge in global crude oil prices.

Petrol and diesel prices were hiked by about 90 paise per litre on Tuesday, after state-run oil firms ended a nearly four-year freeze on revisions.

The stock of IOCL also surged on the back of its Q4 numbers, reporting a 78% year-on-year (YoY) increase in consolidated net profit to ₹14,458 crore. In the same period of the preceding year, it had logged a profit of ₹8,123 crore, according to a regulatory filing. Indian Oil’s revenue from core operations rose 7% to over ₹2.36 lakh crore in the fourth quarter, compared with around ₹2.06 lakh crore in the same quarter last year.

Furthermore, BPCL is set to announce its Q4 FY26 earnings today.

Shares of Adani Group were trading in the positive territory on Tuesday, May 19, as the US Department of Justice permanently dropped all criminal charges against Gautam Adani, the founder and chairman of the Adani Group, and his nephew Sagar, bringing a high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations.

With this, multiple US regulatory and legal investigations involving the group have all closed in the last couple of days.

The NIFTY IT index rose over 4% on Tuesday, surging for the third straight session. Shares of TCS, Wipro, HCL Tech, Tech Mahindra, and more were trading in the green.

The NIFTY IT index could be driven by a combination of global cues, currency movement, and bargain buying after the recent sharp correction in IT stocks.

A softer Indian rupee against the US dollar is typically positive for IT companies because they earn a significant portion of their revenue in dollars. Rupee depreciation improves earnings realisations and supports margins for companies such as Infosys, Tata Consultancy Services, HCL Technologies, and Wipro.

Furthermore, positive global tech sentiment, AI optimism, and more have supported the IT index.

Seamec share price rallied more than 13% to its intraday high on the National Stock Exchange (NSE) on Tuesday, May 19, after the shipping company posted a 186% YoY rise in consolidated net profit after tax to ₹78.57 crore in the fourth quarter of the financial year ended 2025-26, compared with ₹42.22 crore in the same period a year ago.

Seamec’s domestic revenues witnessed a 35% rise to ₹249 crore in the fourth quarter of the fiscal year ended 2025-26, compared year-on-year with ₹184 crore in the same period a year earlier.

The company’s overseas operational revenues witnessed a massive 399% rise to ₹77.86 crore in the March quarter, compared with ₹15.59 crore in the same period a year ago. Seamec turned its overseas business profitable with ₹37.57 crore in Q4 as compared to a ₹25.93 crore net loss the previous year.

The stock of Puravankara jumped over 15% on Tuesday morning after the company released its quarterly earnings report late on Monday evening.

The company reported an all-around robust performance in Q4FY26, with profitability soaring at multifold levels.

The company said the revenue for the quarter jumped 173% at ₹1,541 crore as compared to ₹542 crore in the corresponding quarter last year. The sharp rise is largely due to the incremental handover of residential units during the quarter. The company handed over 1,301 units during the quarter as compared to 671 units in the same period last year.

Owing to strong topline growth, the company’s bottom line posted a turnaround from negative to positive. The company posted ₹117 crore net profit for the quarter, as compared to a net loss of ₹111 crore in the corresponding quarter last year.

Shares of Apollo Micro Systems soared over 11% on Tuesday, May 19, a day after the company announced its latest set of numbers for the March quarter of the financial year 2025-26.

Apollo Micro Systems reported a 168.64% jump in consolidated net profit at ₹37.61 crore in the fourth quarter ended March 31, 2026.

The company had posted a consolidated net profit of ₹14 crore in the corresponding quarter of the preceding fiscal year, the company said in a regulatory filing.

Consolidated revenue from operations in the fourth quarter of FY26 rose 81.28% to ₹293.25 crore, compared to ₹161.76 crore in the year-ago period.

The stock of One 97 Communications (Paytm) surged nearly 2%, a day after announcing the launch of Paytm Pocket Money for teenagers.

“It enables teenagers to make Paytm UPI payments without having their own bank account, while allowing parents and trusted family members to provide safe and controlled spending access with defined limits and real-time visibility on their child’s payments made through the Paytm app,” it said in a regulatory filing.

With this, parents and trusted family members can set monthly spending limits and keep real time visibility on their teenagers’ Paytm UPI spends, it added.

Shares of Coforge soared 7% after leading financial services firm CLSA maintained its positive stance on the stock. The investment firm said it continues to remain positive on the company’s management execution and noted that better-than-estimated FY27 margin guidance following the Encora consolidation has improved investor confidence.

CLSA also highlighted that Coforge’s decision to exit a low-margin government project helped improve its free cash flow-to-profit conversion guidance.