Trending Stocks Today, August 27, 2026: Vodafone Idea, Hindustan Construction Company, PC Jeweller, Vedanta Oil and Gas

Mumbai, August 27: Vodafone Idea, Hindustan Construction Company, PC Jeweller and Vedanta Oil and Gas were among the most actively traded stocks on the NSE by volume on Thursday. Trading activity remained high in these counters as investors tracked developments around Vodafone Idea’s funding and turnaround plans, HCC’s proposed capital raise, PC Jeweller’s QIP plans and continued buying in Vedanta’s recently demerged business. 

Among the stocks, Hindustan Construction Company (HCC) was the strongest performer, while Vodafone Idea and PC Jeweller traded lower. Vedanta Oil and Gas extended its recent rally, gaining 3.54%. The stocks remained in focus on company-specific developments. 

Vodafone Idea Limited (down 0.33%) 

Vodafone Idea shares remained under pressure after gaining on Tuesday, when reports said the Delhi High Court had ordered the Income Tax Department to release a ₹53.09-crore refund to the telecom operator. 

The refund relates to assessment years 2003-04 and 2008-14 and had remained unpaid for more than two years, despite Vodafone Idea securing relief from the tax tribunal in June 2024. The court has directed the tax authorities to release the amount along with applicable interest by September 30. A failure to meet the deadline would result in an additional interest burden for the department. 

Investor sentiment around Vodafone Idea had also improved on Tuesday following reports that the company was close to securing a debt-financing facility from a consortium of public sector banks. State Bank of India is reportedly leading the process and is expected to release its portion once other participating lenders finalise their commitments. 

The proposed funding would provide additional support to Vodafone Idea’s three-year turnaround strategy, which centres on aggressive network expansion and strengthening its 4G and 5G footprint. The company plans to invest ₹45,000 crore in its network over the next three years, add around 3,500 4G sites every month and expand 4G coverage across 17 key circles over the next 18 months. 

The telecom operator also plans to roll out 5G services in more than 200 additional cities over the next two quarters, as it seeks to improve network quality, retain customers and strengthen its competitive position against larger rivals. 

Vodafone Idea has set a target of double-digit revenue growth over the three-year period and expects to triple its cash EBITDA as network coverage and customer metrics improve. The company has been pursuing additional debt funding to finance the planned expansion, after already securing a ₹6,400-crore tranche and placing network equipment orders worth around ₹9,000 crore. 

Equipment deliveries and deployment are expected over the next two quarters or earlier, allowing the company to accelerate its network investment programme once financing is secured. 

The turnaround strategy follows Vodafone Idea’s first-quarter results, which showed a narrowing of losses alongside an improvement in average revenue per user (ARPU). The improvement in key operating metrics has offered some early evidence that the telecom operator’s efforts to stabilise its business are beginning to gain traction, although its funding requirements and execution of the network expansion remain key factors for investors. 

Hindustan Construction Company Limited (up 5.44%) 

Hindustan Construction Company jumped today, extending its rise, the stock having risen 18.7% over a week and 16% over a month. This year it has risen 32% and over a year 16%. The company said on August 18 it had received shareholders’ approval to raise up to ₹800 crore through the issuance of equity shares or other equity-linked securities. The fundraise can be undertaken through a qualified institutional placement, preferential allotment, rights issue or a combination of these routes, subject to regulatory approvals. 

The proposed capital raise could provide HCC with additional financial flexibility to support its business requirements and strengthen its balance sheet. 

PC Jeweller Limited (down 0.45%) 

PC Jeweller shares declined on Thursday after gaining in the previous session. 

Shareholders recently approved a proposal to increase the company’s authorised share capital to ₹1,460 crore, comprising ₹1,200 crore of equity share capital and ₹260 crore of preference share capital. The move creates additional headroom for the company to raise capital in the future. 

Shareholders also cleared a proposal to raise up to ₹1,000 crore through a Qualified Institutional Placement (QIP). The proposed issue could strengthen PC Jeweller’s balance sheet and provide funds to support its expansion and other corporate requirements. 

The approvals come as the jewellery retailer continues its efforts to improve its financial position. While the higher authorised capital provides scope for future fundraising, the proposed QIP could give PC Jeweller access to institutional capital as it seeks to consolidate its recovery and strengthen its business operations. 

Vedanta Oil and Gas Limited (up 3.54%)  

Vedanta Oil and Gas shares continued to surge on Thursday, extending the sharp gains seen in the previous session. The stock had jumped on Wednesday, while other recently demerged Vedanta entities, including Vedanta Iron and Steel and Vedanta Aluminium Metal, also recorded gains. 

The buying interest comes after Vedanta Resources denying media reports of any proposed sale of its stake in Vedanta Ltd, Vedanta Aluminium or any other group company. The company said there was currently no such plan and reiterated its focus on growth, value unlocking and its demerger strategy to create standalone businesses. 

Vedanta’s demerged businesses — Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel — began trading on the stock exchanges on June 15. 

Source

• NSE