Trending Stocks Today, June 1, 2026: Jaiprakash Power Grabs Top Traded Crown from Vodafone Idea as Penalties Slapped on Suzlon

Mumbai, June 1: Jaiprakash Power Ventures emerged as the most-traded stock on the NSE by volume on Monday, reclaiming the top spot from Vodafone Idea even as its shares plunged more than 12% amid heavy profit-booking. Vodafone Idea followed closely and bucked the broader weakness with gains of nearly 2%, while Ola Electric Mobility and Suzlon Energy also featured among the day’s most actively traded counters. The sharp moves came as investors reacted to company-specific developments, ranging from regulatory action and fundraising optimism to expectations of operational recovery.

Jaiprakash Power Ventures Limited (down 12.35%)

Jaiprakash Power Ventures share price declined sharply on Monday but reclaimed the title of the market’s most-traded stock, overtaking Vodafone Idea again. The stock had also fallen nearly 3% during the corresponding period in the previous session, suggesting that traders may be booking profits after a strong recent run-up.

The weakness contrasts with the positive sentiment that had surrounded the stock since Adani Power signed definitive agreements to acquire a 24% stake in the company, along with the Churk power assets, from Jaiprakash Associates in a deal valued at more than ₹4,193 crore. The transaction was viewed as a major step in Jaiprakash Associates’ debt resolution efforts and an endorsement of Jaiprakash Power’s asset quality amid ongoing consolidation in the thermal power sector. The acquisition is also expected to enhance Adani Power’s generation capacity and deepen its presence in Uttar Pradesh.

Vodafone Idea Limited (up 1.86%)

Vodafone Idea share price ceded its position as the market’s most-traded stock on Monday, although its shares managed to advance, unlike in the previous session when the stock had traded lower around the same time.

The telecom operator recently launched a campaign emphasising equal network priority for all users, positioning itself against premium connectivity offerings in the market. The company argued that preferential network treatment for select customers raises broader questions about fairness and equity in the digital ecosystem. It added that its ongoing investments in network expansion and artificial intelligence are aimed at delivering a consistent user experience across its subscriber base.

The Aditya Birla Group-backed telecom company has also called for an equitable internet framework that keeps consumer interests at the forefront, while cautioning against services that offer preferential treatment to a limited set of users—an apparent reference to priority postpaid plans enabled by 5G network slicing. While the company did not directly name any rival, it has become the first telecom operator to publicly raise concerns that such offerings could create differing internet experiences for postpaid and prepaid users, potentially reviving the debate around net neutrality.

Investor sentiment towards Vodafone Idea has nevertheless remained constructive in recent months, supported by improving subscriber trends, optimism surrounding its fundraising efforts and expectations of continued network expansion. The stock has gained momentum amid hopes of a stronger balance sheet, easing concerns over statutory dues and confidence that fresh capital expenditure could help improve its competitive position in the telecom market.

Ola Electric Mobility Limited (down 1.61%)

Ola Electric Mobility share price declined on Monday after extending their recovery rally in the previous session, as investors paused after a recent run-up driven by improving operating performance and encouraging management commentary on demand and profitability.

The stock has attracted fresh buying interest in recent weeks following the company’s March-quarter earnings, which pointed to stabilising business fundamentals. Investor confidence was supported by signs of stronger financial discipline, including higher gross margins, lower cash burn and the company’s first quarter of positive operating cash flow. Management also guided for a sharp sequential increase in deliveries during the current quarter, aided by improving demand conditions.

Sentiment has additionally been helped by expectations that Ola Electric could regain market share in the electric two-wheeler segment after facing heightened competition and regulatory challenges over the past year. Improving vehicle registration trends, efforts to optimise inventory and supply chains, and progress on its battery cell manufacturing plans have further strengthened the investment case.

Investors have also welcomed the company’s focus on localisation, cost rationalisation and expansion of its service network, initiatives that are expected to support margin improvement over the medium term. The recent rebound comes after a prolonged correction in the stock since its listing, with market participants increasingly betting that a recovery in volumes and better execution could pave the way for a gradual turnaround in the company’s growth trajectory.

Suzlon Energy Limited (down 3.44%)

Suzlon Energy share price fell sharply on Monday after market regulator SEBI imposed penalties totalling nearly ₹29 crore on the company and several former executives over alleged misleading financial disclosures and accounting irregularities. The stock declined during the session as investors reacted to concerns around corporate governance and regulatory scrutiny.

In its order, SEBI said Suzlon had violated disclosure and listing norms by allegedly misrepresenting its financial position through certain intra-group transactions and accounting practices that inflated profits and net worth. The regulator imposed a penalty of ₹15.95 crore on the company, while former executives were also fined.

Source:

• NSE