Stocks to watch: Shares of oil marketing companies (OMCs), such as Indian Oil Corporation (IOCL), BPCL, and Hindustan Petroleum Corporation (HPCL), will be in the spotlight on Tuesday, May 19, as the government has hiked fuel rates again.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 17 points higher. | Image: Shutterstock
Stocks to watch: The domestic stock market is likely to open in the positive territory on Tuesday, May 19. The GIFT NIFTY futures suggest that the NIFTY50 index will open 17 points higher.
Here is a list of stocks that may remain in focus on May 19.
Earnings today: Around 125 companies will declare their latest March quarter earnings today. The list includes names like Bharat Electronics, Bharat Petroleum Corporation Ltd (BPCL), Mankind Pharma, Zydus Lifesciences, PI Industries, Anthem Biosciences, Hatsun Agro Products, Godawari Power & Ispat, BASF India, Fine Organics Industries, PG Electroplast, Trident, Shaily Engineering Plastics, BLS International Services, Rites and Eureka Forbes, among others.
OMCs: Shares of oil marketing companies (OMCs), such as Indian Oil Corporation (IOCL), BPCL, and Hindustan Petroleum Corporation (HPCL), will be in the spotlight on Tuesday, May 19, as the government has hiked fuel rates again.
Adani Group stocks: Shares of Adani Group companies will be in focus as the US Department of Justice has permanently dropped all criminal charges against Adani Group chairperson Gautam Adani and his nephew Sagar, bringing the 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 probes involving the group have all closed in the last couple of days.
Eicher Motors: The Royal Enfield maker said that it will secure a land parcel for setting up a new greenfield manufacturing facility in Tada (Tirupati), Andhra Pradesh.
The firm plans to invest around ₹2,500 crore for the greenfield expansion. “Subject to approval by the company’s board, the project will be implemented in a phased manner, calibrated to future demand and market conditions,” Eicher Motors said in a statement.
Vascon Engineers: The company has secured a letter of intent (LoI) worth ₹131.58 crore from Reliance Industries Ltd (RIL) for the “construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar” in Gujarat. The work, which has to be completed within 19 months from the receipt of the order, has been awarded on a 'bill of quantities (BOQ) basis.
Indian Oil: Indian Oil Corporation Ltd (IOC) on Monday posted a 56% jump in its March quarter net profit to ₹11,377.51 crore compared to ₹7,264.85 crore a year back. The increase in profit was aided by healthy marketing and refining margins before the full impact of the ongoing war-driven disruption in global energy markets hit earnings.
Its revenue from operations increased 6.94% to ₹2,32,855.33 crore in Q4 FY26 as against ₹2,17,725.44 crore in the March quarter of FY25.
Triveni Turbine: The turbine manufacturer posted a nearly 8% rise in its consolidated profit after tax to ₹101.9 crore for the March 2026 quarter as against ₹94.6 crore in the quarter ended March 31, 2025.
The total income jumped to ₹696 crore in the reporting quarter from ₹557.9 crore a year ago.
The company's board also recommended a final dividend of ₹2 per share, subject to approval of the shareholders at the ensuing annual general meeting (AGM).
Indraprastha Gas: The city gas retailer reported a 21% year-on-year fall in net profit to ₹277.08 crore for the final quarter of FY26, impacted by higher input gas costs and supply-side pressures linked to West Asia disruptions.
Despite the dip in profit, the company saw a 6% rise in quarterly sales volume to 9.69 million standard cubic metres per day.
CNG volumes surged 5%, and piped natural gas (PNG) volumes advanced by 6% over the corresponding period last year, the company said in a statement.
Its revenue from operations for Q4 FY26 grew 6% to ₹4,571.49 crore, compared to ₹4,322.71 crore a year earlier.
"Due to the impact of the West Asia crisis in the month of March 2026, the net profit after tax for the quarter ending March 2026 is ₹277.08 crore as compared to ₹349.23 crore in the corresponding quarter of last financial year," it said.
GE Vernova T&D India: The heavy electrical equipment company's net profit nearly doubled to ₹351.77 crore in the latest January-March quarter driven by higher revenues.
The net profit stood at ₹186.49 crore in the year-ago period.
Total income rose to ₹1,674.24 crore in Q4 FY26 from ₹1,173.65 crore in the corresponding period a year ago.
The board also recommended a final dividend of ₹10 per equity share for FY26, subject to the approval of the shareholders at the ensuing AGM.
Afcons Infrastructure: The EPC player on Monday recorded a consolidated net loss of ₹88.40 crore for the quarter ended March 31, 2026, as against a net profit of ₹110.92 crore in the year-ago period.
The consolidated revenue from operations fell to ₹2,613.84 crore in Q4 FY26, compared to ₹3,223.27 crore a year back.
The company's board also recommended a dividend of ₹2 per share.
About The Author
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.
