Trending Stocks Today, July 15, 2026: PC Jeweller Jumps on Legal Relief, Groww Gains After Results, Vodafone Idea Slips, Ola Electric Rebounds

Mumbai, July 15: PC Jeweller, Vodafone Idea, Billionbrains Garage Ventures (Groww) and Ola Electric Mobility emerged among the most actively traded stocks by volume on the NSE on Wednesday. While PC Jeweller surged after securing a favourable tribunal ruling in a long-running customs case and Groww rallied on strong June-quarter earnings, Ola Electric rebounded from recent losses. In contrast, Vodafone Idea remained under pressure amid lingering concerns over delays in its proposed Rs 35,000-crore debt fundraising plan. 

PC Jeweller Limited (up 6.59%) 

PC Jeweller share price jumped after the company informed exchanges that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has ruled in its favour in a long-running case initiated by the Directorate of Revenue Intelligence (DRI). The tribunal quashed the proceedings against the company, its Managing Director and others, holding that the allegations were not sustainable and dismissing the case with consequential relief. Search operations were conducted by DRI, Delhi Zonal Unit from December 13, 2012 to December 15, 2012, after which it alleged wrong calculation and payment of the custom duty by the company on the jewellery imported in the past.  

PC Jeweller shares had come under pressure for a second day on Tuesday as investors booked profits following a sharp three-session rally triggered by a series of positive corporate developments. 

The company announced last week that it had cleared outstanding dues to another lender under the joint settlement agreement signed with a consortium of banks in September 2024. The repayment marked another milestone in the jewellery retailer’s debt reduction journey, bringing it closer to its stated goal of becoming debt-free by the second quarter of FY27. 

The company has been steadily deleveraging its balance sheet as part of a broader turnaround strategy aimed at improving its financial health. Supporting the positive outlook, PC Jeweller reported a 21% year-on-year increase in consolidated revenue for the June quarter and said its outstanding bank debt has fallen by more than 90% since the lender settlement agreement came into effect. 

Management has reiterated its expectation of clearing the remaining debt during the current quarter. Achieving debt-free status would significantly strengthen the company’s balance sheet by lowering interest costs, improving financial flexibility and enhancing its ability to pursue future growth opportunities. 

Vodafone Idea Limited (down 0.94%) 

Vodafone Idea share price extended decline on Wednesday after falling over the previous two sessions, as investors continued to book profits following a short-lived two-day recovery. Sentiment has remained subdued since reports last week suggested delays in the company’s proposed Rs 35,000-crore debt fundraising plan. 

The telecom operator came under pressure after reports indicated that a consortium of lenders had sought additional safeguards and asked the company to submit a revised business plan before taking a final call on the proposed loan package. The development has added to uncertainty over the timing of the much-awaited fundraise. 

The delay has fuelled concerns that slower access to capital could push back Vodafone Idea’s planned network expansion and capital expenditure, potentially hampering its efforts to narrow the gap with larger rivals Reliance Jio and Bharti Airtel. The proposed debt package is considered a critical component of the company’s turnaround strategy. 

Vodafone Idea is relying on the fresh funding to accelerate the rollout of its 4G and 5G networks, enhance service quality and support subscriber additions. Investors are expected to closely monitor developments on the fundraising front, with further delays likely to weigh on sentiment and the company’s revival prospects. 

Billionbrains Garage Ventures Limited (up 4.27%) 

Shares of Billionbrains Garage Ventures, the parent of online investment platform Groww, climbed on Wednesday after the company reported a sharp improvement in its June quarter earnings. Net profit nearly doubled to Rs 735 crore in Q1 FY27 from Rs 378 crore a year earlier, while revenue from operations rose 66% year-on-year to Rs 1,501 crore, reflecting strong business momentum and higher customer activity.  

The robust earnings reinforced investor confidence in the newly listed fintech company, with the stock rising 4%. The performance was driven by continued growth in Groww’s investing platform, supported by an expanding user base and higher engagement across its product offerings. 

Ola Electric Mobility Limited (up 4.46%) 

Shares of Ola Electric Mobility had remained under pressure since last week after reports emerged that two suppliers had filed insolvency petitions against the company’s wholly owned subsidiary over alleged unpaid dues. 

However, the stock rebounded on Wednesday, recovering some of its recent losses. Despite the uptick, the shares are down 0.8% over five days and are down 6.7% over a month. On a year-to-date basis, however, the stock remains up 9.7%. 

Source

•  NSE