Paytm, RVNL, Mobikwik, IGL among buzzing stocks as SENSEX falls over 200 pts, NIFTY trades flat

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the negative zone during the afternoon session on Tuesday, May 26, dragged down by sell-off in Indian railway PSUs and consumer durables stocks.

The SENSEX declined by as much as 0.4% to touch an intraday low of 76,196.28. Meanwhile, the NIFTY50 touched the session’s low of 23,965.70.

At 12:56 PM, the S&P BSE SENSEX fell by 204.32 points, or 0.27%, to trade at 76,284.64. NSE’s NIFTY50 stood at 23,998.70, reflecting a 33-point, or 0.14% drop.

Buzzing stocks on May 26: Check list

Shares of JSW Energy gained as much as 4.29% to hit an intraday high of ₹580.95 per unit on the National Stock Exchange (NSE) on Tuesday, May 26, after it said it has raised ₹4,000 crore through the issuance of 7.61 crore qualified institutional placements (QIPs).

The finance committee of the board, at its meeting held on May 25, inter alia, passed the resolutions to approve the closure of the issue pursuant to the receipt of application forms and funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the issue, JSW Energy said in a statement.

The company's board has approved the allocation of 7,61,90,476 equity shares at an issue price of ₹525 apiece, which is at a discount of ₹9.05 per share, i.e., 1.69% to the floor price of ₹534.05, it said.

The QIP saw participation from domestic mutual funds, such as SBI Mutual Fund, and global institutional investors, such as GQG and BlackRock, among others, as well as leading insurance companies.

The stock of Indraprastha Gas (IGL) advanced nearly 6% in early morning trades after the city gas distribution company announced its fourth hike in Compressed Natural Gas (CNG) prices within a span of two weeks in Delhi.

The company increased prices by ₹2 per kg in Delhi, effective from Tuesday, May 26, at 6 am onwards, extending a series of price hikes that have taken place in the last two weeks.

With the latest CNG price hike, the total rise in CNG prices in Delhi is ₹5 per kg over the last 15 days. On Saturday, IGL increased its prices by ₹1 per kg and ₹2 per kg revision on May 15.

As per experts, the latest CNG price hike comes amid high volatility in global energy prices, as uncertainty around the US-Iran war and the Strait of Hormuz opening continues. Brent Crude oil prices are already trading above $100 per barrel, which is hurting oil importing country like India.

Shares of One 97 Communications, the parent company of Paytm, rose as much as 2.85% to reach the session’s peak of ₹1,128.70 apiece, as the fintech firm said its wholly owned subsidiary Paytm Cloud Technologies will invest €9 million in its European payment entity.

“...The Board of Directors of PCTL (Paytm Cloud Technologies Limited)...has approved an additional investment by way of subscription to 9 million equity shares of EUR 1 (one euro only) each at a total consideration of EUR 9 million (nine million euro), in its wholly-owned subsidiary, Paytm Europe Payments S.A (Paytm Europe),” the company said in a regulatory filing on Monday.

The transaction is aimed at increasing the paid-up capital of Paytm Europe to support the funding requirements for its business. The transaction is expected to be completed on or before June 30, 2026, the company said.

The stock of KSH International rallied as much as 14.96% to hit a 52-week high of ₹799 per equity share, as it reported a net profit of ₹34.53 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26), marking an 87.05% year-on-year (YoY) surge from ₹18.46 crore in the same period of the preceding year.

Its revenue from operations soared 100.52% YoY to ₹1,018.34 crore during the quarter under review, compared with ₹507.84 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹56.34 crore in Q4 FY26, up by 60.14% YoY from ₹35.18 crore in the year-ago period.

Rail Vikas Nigam Ltd (RVNL) shares dropped 4% after the opening bell on Tuesday, May 26, as the State-run Navratna company posted a 58.92% year-on-year drop in its consolidated net profit to ₹187.07 crore in the fourth quarter, compared to ₹455.42 crore in the same period a year ago.

Although the company’s net profits declined YoY, RVNL’s revenue from core operations advanced 4.18% to ₹6,695.91 crore in the March quarter of the year ended 2025-26, from ₹6,427.11 crore in the same period a year ago.

The stock of Amara Raja gained nearly 5% on the NSE, after reporting a 94% growth in its consolidated net profit at ₹314 crore for Q4 FY26 as compared to ₹162 crore in the same period last year.

The auto components and equipment firm’s revenue from operations increased 16% YoY to ₹3,536 crore in the January-March period from ₹3,060 crore in the year-ago period.

The company’s EBITDA rose 13% annually to ₹384 crore as against ₹341 crore in Q4 FY25. Its operating profit margin contracted to 10.86% in contrast to 11.14% on a yearly basis.

Larsen & Toubro (L&T) shares were trading higher on Tuesday, May 26, as the firm’s subsidiary secured multiple significant orders worth between ₹1,000 crore and ₹2,500 crore.

“L&T GeoStructure, a wholly owned subsidiary of Larsen & Toubro, has recently secured multiple orders in India,” the firm said in a statement.

The deal includes the largest-ever piling orders, secured from JSW Utkal Steel Ltd — a subsidiary of JSW Steel — at the 10 MTPA Integrated Steel Plant at Paradeep, Odisha. L&T further said that the project spans nine major packages and involves critical structures such as the blast furnace, hot strip mill and steel melting shop, involving piling works of approximately 30 lakh running metres to be executed within a stringent timeline.

One Mobikwik Systems stock rallied 8% to touch an intraday high of ₹205.70 per equity share on Tuesday, May 26, after receiving an in-principle approval for its Payment Aggregator—Physical (PA-P) licence from the Reserve Bank of India.

The licence strengthens Mobikwik’s ability to build a compliant, secure, and scalable payment acceptance infrastructure for offline commerce in partnership with banks.

The group had also received the Payment Aggregator—Online (PA-O) licence through its subsidiary Zaakpay approximately a year ago, strengthening its omnichannel merchant payments capabilities across both online and offline commerce.