Trending Stocks Today, August 7, 2026: Vodafone Idea, Samvardhana Motherson, Allcargo Logistics, PC Jeweller in Spotlight

Mumbai, August 7: Vodafone Idea, Samvardhana Motherson International, Allcargo Logistics and PC Jeweller emerged among the most actively traded stocks by volume on the National Stock Exchange (NSE) during Friday’s session, driven by a mix of corporate announcements, June-quarter earnings and stock-specific developments. While Samvardhana Motherson rallied after reporting a sharp jump in quarterly profit, Vodafone Idea gained after Chairman Kumar Mangalam Birla backed periodic tariff hikes to support network expansion. PC Jeweller edged higher on continued debt reduction efforts, whereas Allcargo Logistics came under profit booking after its recent post-earnings rally. 

Vodafone Idea Limited (up 0.71%)  

Vodafone Idea shares rose in Friday’s trade after falling in the previous session after Chairman Kumar Mangalam Birla’s assertion that tariff hikes would be essential to fund the telecom operator’s next phase of network expansion. 

In his letter to shareholders, Birla highlighted the rapid growth of India’s digital ecosystem, noting that the country’s broadband subscriber base crossed the one-billion milestone in March 2026. However, he said the sector’s ability to invest in advanced telecom infrastructure continues to be hampered by one of the world’s lowest average revenue per user (ARPU) levels. 

“India’s ARPU remains among the lowest globally. Regular tariff increases are necessary to support investments and finance the rollout of next-generation networks,” Birla said. 

The remarks come as Vodafone Idea seeks to raise funds from lenders for its ₹45,000-crore capital expenditure plan, which is focused on expanding its 4G and 5G footprint. The telecom operator reported an ARPU of ₹190 in the March 2026 quarter and closed FY26 with 192.8 million subscribers, of whom 128.9 million were on 4G and 5G networks. The company also posted its first net subscriber addition in several years during the March quarter. 

Birla said FY26 marked a turning point for the company after addressing several issues, while FY27 would be centred on execution and growth. Vodafone Idea plans to accelerate network deployment, strengthen its market position and translate its balance-sheet recovery into sustained subscriber growth and improved profitability. 

Samvardhana Motherson International Limited (up 8.10%)  

Shares of Samvardhana Motherson International jumped on Friday after the auto components maker reported a sharp rise in June-quarter earnings, prompting brokers to reiterate ‘Add’ rating and raise target price on the stock.  

The brokerages increased target price, citing the company’s strong medium- to long-term growth prospects. They said Samvardhana Motherson is well positioned to benefit from the expansion of its non-automotive business, increasing content per vehicle due to premiumisation, new customer additions and the potential for value-accretive acquisitions, supported by its relatively low leverage.  

According to the brokerages, the company’s profitability is expected to improve structurally over the coming years, driven by the ongoing restructuring of its European operations and a rising contribution from its non-auto businesses. A more diversified revenue mix is expected to reduce cyclicality while supporting faster and more sustainable earnings growth, leading the brokerages to raise its valuation multiple.  

Samvardhana Motherson reported a 102% year-on-year jump in consolidated net profit to ₹1,032 crore for the June quarter, while revenue climbed 16.6%, reflecting robust demand across its businesses and improved operational performance. The strong quarterly numbers reinforced investor confidence, making the stock one of the top gainers in Friday’s session. 

Allcargo Logistics Limited (down 7.07%)  

Shares of Allcargo Logistics declined sharply on Friday, coming under profit booking after the previous session’s rally following the company reporting a healthy operational performance for the June quarter, driven by growth in its domestic logistics businesses. 

The logistics firm posted a 39% year-on-year rise in EBITDA during the quarter, reflecting improved operating margins. Its express distribution business registered 13.5% revenue growth, aided by higher shipment volumes and stronger execution, while the contract logistics segment recorded a 6% increase in revenue, supported by steady customer demand. 

The company attributed the improved performance to disciplined pricing, enhanced customer engagement and ongoing efficiency initiatives. It also said investments in digital capabilities, cost optimisation and supply chain improvements have strengthened its domestic operations. Management expects business activity to gather pace in the second half of the financial year, particularly during the festive season, when freight movement typically accelerates. 

Following the completion of its composite Scheme of Arrangement, Allcargo Logistics has separated its International Supply Chain (ISC) business and is now focused on expanding its domestic logistics operations. Its domestic portfolio comprises express distribution, consultative logistics, air freight, e-commerce logistics, and first- and last-mile delivery services, along with consumer-focused offerings such as Laabh, Bike Express, and Student Express. 

PC Jeweller Limited (up 0.93%)  

PC Jeweller shares rebounded on Friday after witnessing losses in the previous two sessions, with investor sentiment supported by the company’s continued progress in reducing its debt burden. 

Earlier this week, on August 3, the jewellery retailer announced that it had repaid outstanding borrowings owed to two additional consortium banks ahead of schedule. With the latest repayments, the company has now fully settled dues with seven of its 14 lending banks. 

PC Jeweller said it remains on track to eliminate its remaining debt within the current quarter, reaffirming its commitment to becoming a debt-free company. 

Source

• NSE