Trending Stocks Today, May 26, 2026: Vodafone Idea Pauses for Breath as Suzlon Gains on Results While JP Power Continues to Rise

Mumbai, May 26: Telecom, renewable energy and power stocks dominated NSE volume charts on Tuesday, led by heavy trading in Vodafone Idea, Suzlon Energy, Jaiprakash Power Ventures and Davangere Sugar Company amid earnings reactions, deal developments and fundraising optimism.

Vodafone Idea remained the most actively traded stock for at least the tenth straight session, while Suzlon gained after strong operational growth. Jaiprakash Power extended gains following Adani Power’s stake acquisition deal, whereas Davangere Sugar edged lower after recent sharp volatility in the counter.

Vodafone Idea Limited (up 0.07%)

The firm remained the most actively traded stock for at least the tenth straight session, flatlining after touching a one-year high in the previous session in the wake of Crisil Ratings upgrading the telecom operator’s credit rating to ‘A-’ with a stable outlook, citing continued support from promoter entity Aditya Birla Group along with improvement in subscriber market share.

Vodafone Idea share price had already been gaining momentum since Friday amid rising optimism around the company’s fundraising initiatives and network expansion plans.

Sentiment received an additional boost after Vodafone Idea announced plans to roll out fifth-generation (5G) services across multiple cities in West Bengal by June, accelerating its long-awaited expansion strategy.

The rally comes despite concerns surrounding the company’s core operational performance. Vodafone Idea had earlier reported a consolidated net profit of ₹51,970 crore for the March quarter, largely driven by a one-time accounting gain linked to AGR liabilities, while revenue growth remained subdued at around 3% year-on-year.

Suzlon Energy Limited (up 1.83%)

Suzlon Energy shares gained in Tuesday’s trade after the renewable energy company reported strong revenue and EBITDA growth for the March quarter, even as net profit slipped marginally year-on-year. Investor sentiment remained supported by robust execution, record wind turbine deliveries and a healthy order book.

The company posted a consolidated net profit of ₹1,114 crore for the fourth quarter, down nearly 6% from the year-ago period, while revenue from operations jumped about 45% year-on-year to over ₹5,400 crore. EBITDA rose around 39% during the quarter, reflecting strong operational momentum despite some pressure on margins.

Suzlon also reported record annual and quarterly wind turbine deliveries in India, with its order book standing at nearly 5.9 GW, providing strong revenue visibility for the coming quarters. The company highlighted continued demand from PSU and commercial and industrial segments, while its flagship S144 turbine continued to see strong traction in the market.

Brokerages remained largely constructive on the stock following the results, citing strong industry tailwinds, improving balance sheet strength and execution momentum in the renewable energy sector. Investors also appeared encouraged by management commentary around future growth visibility and expanding renewable energy demand in India.

Jaiprakash Power Ventures Limited (up 2.28%)

Jaiprakash Power Ventures share extended gains after Adani Power, five days ago, 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 over ₹4,193 crore. Investors welcomed the transaction as a significant milestone in Jaiprakash Associates’ debt resolution process and as a strong endorsement of Jaiprakash Power’s asset value amid ongoing consolidation in the thermal power sector. The acquisition is also expected to bolster Adani Power’s generation capacity and strengthen its footprint in Uttar Pradesh.

Davangere Sugar Company Limited (down 0.24%)

Davangere Sugar Company share price edged lower after yesterday’s sharp decline as investors reacted to news that the company’s board is scheduled to meet on Friday to consider its financial results.

Around a week ago, the company had drawn investor attention after Mauritius-based Craft Emerging Market Fund PCC acquired five crore shares through a bulk deal.

The investment had triggered a sustained rally in the stock, with shares climbing steadily to around ₹4.40 on Friday. Yesterday’s sharp fall, therefore, appeared to indicate profit booking following a week-long surge in the counter.

Source:

• NSE