Trending Stocks Today, June 12, 2026: IFCI Soars 16%, Vodafone Idea Gains 4% as NSE IPO Buzz, Turnaround Hopes Drive Buying

Mumbai, June 12: Several corporate-driven stocks remained in focus on Friday, with IFCI emerging as one of the biggest gainers after optimism surrounding the long-awaited NSE IPO sparked fresh buying interest. Vodafone Idea also advanced after Chairman Kumar Mangalam Birla signalled a potential turnaround at the telecom operator, while Ola Electric extended gains following its oversubscribed ₹780-crore QIP. Zee Entertainment, meanwhile, traded with a positive bias as investors continued to assess the impact of its planned ₹2,300-crore fundraising and recently acquired FIFA media rights. 

Vodafone Idea Limited (up 3.81%)  

Vodafone Idea share price gained in Friday’s trade after Chairman Kumar Mangalam Birla expressed confidence in the telecom operator’s future, saying the company had reached an “inflection point” and that “good times” lay ahead despite lingering challenges.  

Addressing shareholders at the company’s extraordinary general meeting (EGM), Birla said Vodafone Idea was entering a stronger phase following the approval of a ₹4,730-crore promoter funding proposal. He added that the focus would now shift decisively toward execution as the company works to strengthen its operations and compete more effectively in the telecom market.  

Investor sentiment was also buoyed by a series of positive developments for the debt-laden telecom operator in recent months. These include government relief on adjusted gross revenue (AGR) dues, promoter support, and ongoing efforts to raise capital for network expansion and 5G rollout. 

IFCI Limited (up 16.10%)  

IFCI share price surged sharply after investors piled into the stock amid growing expectations surrounding the long-awaited IPO of the National Stock Exchange (NSE), in which the company has an indirect stake. The rally was accompanied by exceptionally strong trading activity.  

Market participants have been betting on value unlocking from IFCI’s indirect exposure to NSE through its subsidiary, the Stock Holding Corporation of India (SHCIL). Reports that NSE was preparing to file its draft red herring prospectus (DRHP) for its much-awaited public issue further boosted sentiment around the counter. SHCIL owns a 4.4% stake in NSE, while IFCI holds a controlling stake in SHCIL.  

The sharp move highlights growing investor enthusiasm for companies linked to the potential NSE listing, which is expected to be one of the biggest and most closely watched IPOs in the Indian capital markets space. 

Ola Electric Mobility Limited (up 1.14%) 

Ola Electric share price rebounded on Friday after witnessing profit-booking in the previous session, as investors digested the company’s recently completed qualified institutional placement (QIP). The stock had come under pressure on Thursday following a sharp run-up as market participants evaluated the impact of the fundraising exercise. 

The electric two-wheeler manufacturer raised ₹780 crore through the QIP, which was oversubscribed by 56%, underscoring strong institutional appetite for the stock. The company allotted 21.76 crore shares at ₹35.86 apiece, attracting a diverse set of investors including Goldman Sachs, BNP Climate Fund, Motilal Oswal Mutual Fund, Mirae Asset Mutual Fund and Kotak Mahindra Mutual Fund.

The successful capital raise has been viewed positively by the market, with investors seeing it as an endorsement of Ola Electric’s long-term growth strategy. The fresh funds are expected to strengthen the company’s financial position, support capacity expansion, accelerate investments in battery technology and provide greater flexibility as it scales its electric mobility ecosystem. 

Investor sentiment has also been aided by signs of a recovery in vehicle registrations after a challenging period marked by slowing demand and intensifying competition. Market participants are closely watching the company’s progress in expanding its battery operations, improving operating metrics and advancing towards profitability while seeking to regain ground in India’s increasingly competitive electric two-wheeler market. 

Zee Entertainment Enterprises Limited (up 0.32%) 

Zee Entertainment Enterprises share price took a breather on Friday after a sharp rally in the previous session, which was triggered by the company’s announcement that it plans to raise at least ₹2,300 crore through one or more fundraising rounds. Investors had cheered the proposal, viewing it as a move that could strengthen Zee’s financial position and provide resources to accelerate investments across its core entertainment, digital and sports businesses.

Sentiment around the stock has also been supported by Zee’s recent acquisition of exclusive media rights for multiple FIFA tournaments through 2034, including upcoming editions of the FIFA World Cup. The deal significantly enhances the broadcaster’s sports content portfolio and is expected to boost audience engagement and advertising revenue over the long term. 

Market participants believe the twin developments—a sizeable capital raise and the addition of premium global sports properties—could reinforce Zee’s transformation strategy as it expands its digital footprint, deepens content offerings and builds new revenue streams beyond its traditional television business. 

Source: NSE