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Protean eGov Technologies stated during its conference call that there is no immediate impact on its PAN business.

The company has engaged with the Income Tax Department regarding the PAN 2.0 Request for Proposal (RFP) and was informed that the proposal is currently considered unfavourable.

It clarified that PAN 2.0 is not related to the processing and distribution aspects of its existing PAN operations.

The shares of Zydus Wellness are under focus after the company announced its Q4 results. The company’s net profit increased by 14.7% to ₹172 crore. The company also saw its revenue rise by 16.7% to a total of ₹913 crore. The margin for the fourth quarter stood at 20.80%.

The company shares rose by close to 2% in intraday trade on Monday.

The shares of South Indian Bank rose significantly on Monday. The shares hit the 52-week high in the bargain. The company rose to ₹29.18 after rising by ₹1.63 or 5.92%.

The shares of Dodla Dairy are in focus after the company announced its Q4 results.

Q4 Results 

Net Profit (GU)45% At `68 Cr Vs `47 Cr (YoY)

Revenue (GU)15.5% At `909.6 Cr Vs `787.4 Cr (YoY)

EBITDA (GU)10.6% At `83.4 Cr Vs `75.4 Cr (YoY)

Margin At 9.17% Vs 9.58% (YoY)

The company shares were trading at ₹1,166.00 after making major gains of ₹38.80 or 3.44%.ED arrests Former Chairman & MD of #UCOBank #SubodhKumar Goel in connection with an ongoing investigation under the provisions of the #PMLA, 2002 against M/s Concast Steel & Power & others in a bk fraud case

Investigation relating to sanction of credit facilities to CSPL &… pic.twitter.com/CUXFoM2DJZ

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

 #JustIn | #Interarch expands with 20-acre land acquisition in Andhra Pradesh, for its Unit 2

New facility to be set up for manufacturing pre-engineered heavy #steel structures pic.twitter.com/KiyFNy51M8

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

Here are a couple of stock recommendations by Vinay Rajani, Senior Technical and Derivative Analyst at HDFC Securities

Buy IDBI Bank for a target price of ₹95 with a stop loss of ₹88

Buy DLF for a target price of ₹755 with a stop loss of ₹715

The shares of Protean declined by 20% and hit the lower circuit. Now, the company has called for an analyst call today.#JustIn | #ProteaneGovTech to hold analyst call at 12:30 pm w.r.t PAN 2.0 RFP pic.twitter.com/YYTthFA5ZA

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

Shares of debt-ridden telecom service provider Vodafone Idea Ltd. fell as much as 5% on Monday, May 19, ahead of an important hearing in the Supreme Court with regards to the company’s petition seeking further relief from its Adjusted Gross Revenue (AGR) dues.

#OnCNBCTV18 | Branded exports are performing well, with volumes picking up in key markets. Regaining previous levels of mkt share in #Saudi remains difficult to predict

Margins in FY26 are expected to remain in-line with Q4 levels, says Ashish Jain, CFO, #KRBL to CNBC-TV18 pic.twitter.com/iW1NUvh3q6

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

As Indian markets trade with lukewarm intensity, the stocks of sugar makers appear to be on a roll.

Shares of Renuka Sugar rose by 4.52%

E I D-Parry (India) shares rose by 1.25%

Balrampur Chini shares jumped by 0.77%

Bajaj Hindustan Sugar also rose, jumping by 3.00%

The industry is estimated to produce 340-350 lakh tonnes of sugar in 2025-26.

The top five laggards on the Smallcap 100 Index are Amber Enterprises and Inventurus Knowledge Solutions (IKS), both down around 2%; Shyam Metalics has slipped nearly 3.5%; Godfrey Phillips is lower by approximately 4.5%; while CreditAccess Grameen leads the losses with a decline of about 6.5%.

Inox Green Energy Services Ltd shares gained nearly 7% after bagging 285 MWp solar projects. The company said it signed agreements to provide operation and maintenance (O&M) for 285 MWp of solar projects.

The shares of Bharti Airtel increased in value to ₹1,818.20, rising by ₹4.20 or 0.23% on Monday. This comes at a time, when its listed rival saw its shares dip by over 5%.

IDFC First Bank shares have had an underwhelming day at the bourse so far. This comes after the company shareholders rejected the proposal to induct 1 non-retiring non-executive director of Currant Sea Investments B.V.

Note: Currant Sea Investments B.V. Is An Affiliate Company Of Warburg Pincus.

At 11:00 IST, IDFC First shares were trading with a decline of ₹0.61 or 0.88%, dipping to ₹68.65.#JustIn | #IndusIndBank signs MoU with AIC STPINEXT to empower India’s startup ecosystem pic.twitter.com/U0vERFanBR

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

Shares of Patanjali Foods, LIC Housing Finance, Mazagon Dock, Vodafone Idea, and PB Fintech are trading lower, with declines ranging from 2% to 4.5%. PB Fintech is the biggest loser, down nearly 4.5%.

Despite a slowdown in the fortunes of Defence stocks after Kotak’s commentary, Railway stocks continue to appear to be on the ascent.

Major rail stocks that are soaring on Monday include the following:

– The shares of RITES rose by ₹8.25 or 2.87%.

– RVNL shares jumped in value by ₹23.45, or 5.73%.

– IRCTC shares were trading with a minor decline of 0.068%

– Titagarh Rail Systems shares rose by a major 6.04% or ₹55.15.

The shares of Delhivery rose in intraday trade on Monday by over 12%. This came to pass after the company announced its Q4 results.

Brokerage firm Nuvama Institutional Equities has maintained a ‘Buy’ rating on Delhivery and raised its target price to ₹430 from ₹380 earlier.

Sanjeev Prasad, Managing Director and Co-Head at Kotak Institutional Equities, cautioned that the elevated margins reported by some defence companies may not be sustainable and advised investors to remain cautious.

He also expressed skepticism about the narrative of increased FPI inflows and projected only around 10% earnings growth for FY26.

#OnCNBCTV18 | May undertake 1–2 lower margin strategic contracts to build capabilities, order intake has been weak in FY25 but expected to pick up

Guide for 20-25% top & bottomline growth in FY26

Srinivasagopalan Rangarajan, CMD, #DataPatterns to CNBC-TV18 pic.twitter.com/WyOBPeW7xf

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

 #CNBCTV18Market | #Defence stocks fail to hold onto gains, snap gaining streak. Nifty Ind Defence index more than 4% off highs

For all live update on defence stocks moves, track this link????

https://t.co/zO7FXlIk71 pic.twitter.com/zm0aLL6xiY

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

The shares of Graphite India surged by over 12% on Monday after reports from Nikkei Asia that a Japanese company called Resonac halted production of graphite electrodes in China and Malaysia. The move has been announced to improve the margins of the company that were hit by an influx of low-priced Chinese products, according to the report.

The shares of Divi’s Lab surged by over 4% on Monday after the company announced its Q4 results.

Shares of Divis Laboratories Ltd., the drug manufacturer, were trading with gains of as much as 4% on Monday, May 19, after the company reported its March quarter results. The stock had gained 6% last week.

The shares of two-wheeler makers are on the rise in the trading session on Monday.#CNBCTV18Market | 2-wheeler auto stocks trading higher, Bajaj Auto top Nifty gainer pic.twitter.com/bBAE8lA8zq

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

Shares of Protean eGov Technologies Ltd. fell to a 20% lower circuit on Monday, May 19, after it informed the exchanges over the weekend that it had not been considered for the next round of the RFP selection process for the PAN 2.0 project by the Income Tax Department.

The shares of Precision Wires rose after the company approved allotment of shares (13.83 lakh) & warrants (27.67 lakh) via a preferential basis to non-promoters

Rohit Kothari’s Saraswati Commercials are to be allotted 10 lakh equity shares & 20 lakh convertible warrants at ₹151 each.

The company shares rose by over 7%, jumping to ₹177.27.

The shares of CreditAccess Grameen are under pressure on Monday. The company shares declined by over 5% after its Q4 results.

In these results, the company reported a major fall in its profit numbers.

The current share price stands at ₹1,138.50 per share.

As the new trading week started on May 19, the Indian IT stocks are under pressure.#CNBCTV18Market | Market opens flat, Nifty above 25,000 pic.twitter.com/EijfPbcvAn

— CNBC-TV18 (@CNBCTV18Live) May 19, 2025

Dipan Mehta of Elixir Equities is bullish on Zen Technologies, citing strong growth prospects and a 50% turnover target that could justify its high valuations. However, he prefers buying on dips due to earnings volatility and rich PE.

He shares a similar view on Data Patterns—positive long-term outlook, but expensive valuations warrant a wait-and-watch approach.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.