Trending Stocks, June 9, 2026: Ola Electric, Vodafone Idea, Yes Bank Among Most-Traded NSE Stocks; QIP, Court Relief and RBI Moves Drive Volumes

Mumbai, June 9: Ola Electric Mobility, Vodafone Idea, Yes Bank and HFCL emerged among the most actively traded stocks on the NSE on Tuesday as investors reacted to a series of company-specific and regulatory developments.  

Ola Electric led gains with a near 10% jump after its ₹780-crore QIP attracted strong institutional interest, while Vodafone Idea remained in focus following a Bombay High Court ruling quashing retrospective spectrum charge demands.  

Yes Bank gained after the RBI released detailed guidelines for measures aimed at boosting foreign currency inflows, while HFCL saw heavy trading after stabilising from a sharp sell-off triggered by a global correction in AI-linked stocks. 

Vodafone Idea (up 0.28%) 

Vodafone Idea share price gained on Tuesday after the Bombay High Court struck down the government’s retrospective one-time spectrum charge (OTSC) demands, providing a major legal relief to the telecom operator. The ruling removes a long-standing regulatory overhang for the sector and is expected to ease concerns around Vodafone Idea’s already stretched finances. 

The court set aside the Centre’s levy of one-time spectrum charges on Vodafone Idea and Bharti Airtel, while also annulling all actions arising from the disputed demands. The case dates back to 2012, when the Department of Telecommunications sought to impose retrospective charges on spectrum holdings beyond prescribed limits. Industry estimates peg the combined disputed dues for the two operators at around Rs 23,600 crore. The judgment is particularly significant for Vodafone Idea, which continues to grapple with a heavy debt burden and adjusted gross revenue (AGR) liabilities. 

Ola Electric Mobility (up 9.84%) 

Ola Electric share price rebounded in Tuesday’s trade after witnessing profit-booking in the previous session, as investors continued to assess the implications of the company’s recently concluded qualified institutional placement (QIP). The stock had come under pressure on Monday after a sharp rally driven by the fundraising announcement. 

The electric two-wheeler maker raised ₹780 crore through the QIP, which was oversubscribed by 56%, signalling strong interest from institutional investors. Ola Electric allotted 21.76 crore shares at ₹35.86 apiece, attracting participation from several marquee 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 a vote of confidence in the company’s long-term growth strategy despite ongoing challenges in India’s electric vehicle segment. The proceeds are expected to bolster Ola Electric’s balance sheet, support debt reduction and provide funding for expansion plans. 

The fundraising also comes at a time when the company is witnessing early signs of recovery in vehicle registrations after a difficult period marked by slowing demand and intense competition. Investors appear encouraged by the company’s efforts to strengthen its electric mobility ecosystem, expand its battery business and move closer to profitability while attempting to regain market share. 

Yes Bank (up 1.78%) 

Yes Bank share price gained on Tuesday after the Reserve Bank of India (RBI) issued detailed operational guidelines for its recently announced measures aimed at boosting foreign currency inflows and supporting the rupee. Investors viewed the move as positive for lenders, particularly banks with a strong focus on deposit mobilisation and treasury operations. 

Last week, the RBI unveiled a package of measures to attract overseas funds amid pressure on the rupee and heightened volatility in global markets. A key component of the package is a concessional swap facility, available until September, for banks raising three- to five-year foreign currency non-resident [FCNR(B)] deposits. Under the scheme, the central bank will absorb the hedging costs associated with these deposits, making them more attractive for both banks and non-resident investors. 

The RBI has also allowed banks to provide leverage to clients investing in such deposits, a step expected to further encourage foreign currency inflows. Market participants believe the measures could help strengthen deposit mobilisation, improve foreign exchange liquidity and support the banking system at a time of global uncertainty. 

The central bank released detailed guidelines for implementing these measures after market hours on Monday, providing greater clarity on the framework and triggering renewed investor interest in banking stocks, including Yes Bank. 

HFCL (up 0.07%) 

HFCL share price flatlined today after hitting the lower circuit yesterday amid a global sell-off in AI stocks. To be sure, HFCL is not pure play AI but its operations do revolve around the theme as the telecom equipment and optical fibre company is a key beneficiary of rising data centre investments, having rallied over 200 per cent this year so far. 

• SourceNSE