Trending Stocks Today, July 9, 2026: Kalyan Jewellers Jumps 17%, PC Jeweller Extends Rally, Vodafone Idea Rebounds, Vedanta Iron and Steel Falls

Mumbai, July 9: Kalyan Jewellers India, PC Jeweller, Vodafone Idea and Vedanta Iron and Steel emerged as the most actively traded stocks by volume on the NSE on Thursday. While Kalyan Jewellers surged 17% and PC Jeweller extended its rally on upbeat corporate developments and strong quarterly business updates, Vodafone Idea rebounded despite lingering concerns over its fundraising plans. Meanwhile, Vedanta Iron and Steel remained under pressure, falling and freezing for another day.

PC Jeweller Limited (up 9.04%)

PC Jeweller share price extended its rally on Thursday after surging in the previous session, buoyed by the company’s announcement that it had fully repaid its outstanding dues to two more lenders under its September 2024 settlement agreement with a consortium of banks. The repayment marks another step in the jeweller’s efforts to clean up its balance sheet, with management reiterating its goal of becoming debt-free by the second quarter of FY27.

The latest development follows the company’s June-quarter business update, in which it reported a 21% year-on-year rise in consolidated revenue and said it had slashed its outstanding bank debt by more than 90% since entering into the joint settlement agreement with lenders. PC Jeweller expects to clear its remaining debt during the current quarter, a move it believes will further strengthen its financial position and accelerate its turnaround.

Vedanta Iron and Steel Limited (down 4.98%)

Vedanta Iron and Steel share price remained under pressure on Thursday, hitting the lower circuit for another session and extending their recent losses. The stock has declined 22.6% over the past week, although it is still up 57% from its listing price since making its market debut on June 15.

The selling pressure comes despite the company reporting steady operational performance. In its June-quarter business update released last week, Vedanta Iron and Steel said saleable iron ore production rose 4% year-on-year to 2.6 million dry metric tonnes (DMT) in the first quarter of FY27. On a sequential basis, however, production slipped 3% from 2.7 million DMT in the March quarter, reflecting a moderation in output.

Vodafone Idea Limited (up 1.08%)

Vodafone Idea share price rebounded on Thursday after ending flat in the previous session, snapping a four-day losing streak that came amid reports of fresh hurdles in the telecom operator’s efforts to secure a ₹35,000-crore loan package.

Investor sentiment had weakened earlier this week after reports said a consortium of lenders had sought additional safeguards and asked the company to submit a revised business plan before giving the green light to the funding. The delay has fuelled concerns that slower loan disbursals could disrupt Vodafone Idea’s planned network expansion and capital expenditure, which are seen as critical to improving its competitiveness in India’s telecom sector.

Kalyan Jewellers India Limited (up 17.08%)

Kalyan Jewellers India share price soared as much as 17% on Thursday, extending rally to second day after investors gave a thumbs-up to the company’s robust June-quarter business update, reversing the sharp sell-off seen earlier this week.

The stock, which had gained more than 6% in the previous session, was among the top gainers in the mid-cap pack as investors cheered strong operational performance across both domestic and international markets.

The rally followed the company’s announcement of an approximately 38% year-on-year increase in consolidated revenue for the April-June quarter, driven by healthy demand in India and continued momentum in its overseas business.

Kalyan Jewellers said its India operations delivered strong growth despite the entire 28-day Adhik Maas period falling during the quarter. Traditionally considered inauspicious for weddings in many parts of the country, Adhik Maas typically dampens jewellery purchases. However, the company continued to post healthy same-store sales growth, highlighting resilient consumer demand.

Its international business also maintained strong momentum, with revenue rising about 35% year-on-year. While geopolitical tensions temporarily affected customer footfalls in the Middle East during April, demand improved steadily over the rest of the quarter. Overseas operations accounted for nearly 14% of the company’s consolidated revenue during the period.

Source:

• NSE