Trending Stocks Today, July 14, 2026: Kalyan Jewellers Rallies 4%, PC Jeweller Rebounds; Vodafone Idea, Vedanta Iron & Steel Slip

Mumbai, July 14: Kalyan Jewellers, PC Jeweller, Vodafone Idea and Vedanta Iron & Steel emerged among the most actively traded stocks on the NSE by volume on Tuesday, driven by company-specific developments. While Kalyan Jewellers extended its rally on the back of a strong June-quarter business update and bullish brokerage commentary, PC Jeweller rebounded as investors cheered its continued debt reduction efforts. In contrast, Vodafone Idea remained under pressure amid uncertainty over its proposed Rs 35,000-crore debt funding package, while Vedanta Iron & Steel saw mild profit booking after hitting the 5% upper circuit in the previous session. 

PC Jeweller Limited (up 1.41%)  

PC Jeweller share price rebounded on Tuesday after witnessing profit booking in the previous session, following a sharp three-day rally driven by positive corporate developments. Investor sentiment has remained upbeat after 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 latest repayment marks another significant step in the jewellery retailer’s ongoing deleveraging exercise, taking it closer to its target of becoming debt-free by the second quarter of FY27. The company has been steadily reducing its borrowings as part of a broader turnaround plan aimed at strengthening its financial position. 

The optimism was further supported by PC Jeweller’s June-quarter business update, in which it reported a 21% year-on-year rise in consolidated revenue. The company also said its outstanding bank debt has declined by more than 90% since the lender settlement agreement came into force, highlighting the progress made in repairing its balance sheet. 

Management has reiterated that it expects to eliminate the remaining debt during the current quarter. Achieving a debt-free status would significantly improve the company’s financial flexibility, reduce interest costs and enhance investor confidence, while providing greater capacity to pursue future growth opportunities. 

Vodafone Idea Limited (down 0.64%) 

Vodafone Idea share price extended its decline on Tuesday after slipping in the previous session, as investors continued to lock in gains following a brief rebound over the preceding two trading days. Last week concerns emerged over delays in securing a proposed Rs 35,000-crore debt funding package. 

The telecom operator faced selling last week after reports indicated that a consortium of lenders had sought additional safeguards and requested a revised business plan before approving the proposed loan. The development has heightened uncertainty over the timeline for the much-awaited fundraising exercise. 

The delay has raised concerns that slower access to capital could postpone Vodafone Idea’s network expansion and planned capital expenditure, potentially affecting its efforts to strengthen its position against larger competitors such as Reliance Jio and Bharti Airtel. The proposed debt package is widely viewed as a key pillar of the company’s turnaround strategy. 

The company is banking on fresh funding to accelerate the rollout of its 4G and 5G networks, improve customer experience and support subscriber growth. Going forward, investor sentiment is likely to remain closely tied to progress on the funding proposal, with any further delays seen as a potential overhang on the stock and the company’s revival plans. 

Kalyan Jewellers India Limited (up 4%) 

Kalyan Jewellers India share price extended its winning streak on Tuesday, adding to strong gains recorded over the past few sessions as investors continued to respond positively to the company’s strong June-quarter business performance. Robust revenue growth, healthy same-store sales and an upbeat outlook from brokerages have helped the stock outperform the broader market. 

The sustained rally has added significantly to the jewellery retailer’s market capitalisation, with investors betting that its strong execution, resilient consumer demand and rapid store expansion will continue to support earnings growth. Although the sharp run-up has sparked some profit booking, overall sentiment remains constructive, supported by expectations of sustained operational momentum. 

Investor optimism was reinforced after Kalyan Jewellers reported a 38% year-on-year rise in consolidated revenue for the June quarter despite the impact of the 28-day Adhik Maas period, which typically dampens jewellery purchases due to religious beliefs. The India business also recorded 38% revenue growth, driven by an impressive 28% increase in same-store sales, while international operations delivered healthy performance, with revenue rising about 35%. The company’s West Asia business grew nearly 30%, reflecting strong demand across key overseas markets. 

Another highlight of the quarter was the exceptional performance of Candere, Kalyan’s digital-first jewellery platform, which posted a112% year-on-year surge in revenue. The company also accelerated its expansion strategy by opening 12 Kalyan showrooms and five Candere stores during the quarter, taking its total retail network to 524 outlets. 

The strong operating update prompted several brokerages to reaffirm their bullish stance on the stock, retaining their ‘Buy’ ratings even though revenue growth was marginally below some estimates. Analysts believe Kalyan’s asset-light franchise-led expansion model, improving profitability and rising return on capital employed (RoCE) continue to strengthen its long-term growth story. 

Brokerages also highlighted Candere’s rapid scale-up, sustained showroom additions and robust same-store sales growth as key drivers of future earnings. With the festive and wedding season approaching, analysts expect consumer demand to remain healthy, providing additional support to the company’s growth trajectory over the coming quarters. 

Vedanta Iron and Steel Limited (down 0.25%) 

Vedanta Iron & Steel share price traded lower on Tuesday after hitting the 5% upper circuit in the previous session, as investors paused following a sharp rebound from the recent sell-off. While the stock witnessed some profit booking after Monday’s rally, it has remained a strong outperformer since its listing, gaining nearly 73% from its June 15 debut despite modest weakness over the past week. 

The company’s June-quarter operational update provided support to investor sentiment, with saleable iron ore production increasing 4% year-on-year to 2.6 million dry metric tonnes (DMT) in the first quarter of FY27, reflecting stable mining activity and healthy operational execution. 

Compared with the March quarter, however, production slipped 3% from 2.7 million DMT, indicating a sequential moderation in output. The decline is likely to be viewed in the context of normal operational fluctuations rather than a significant deterioration in business fundamentals. 

Going forward, investors will closely watch the company’s production performance, demand outlook and management’s commentary on expansion plans, operating costs and pricing trends. With the stock still trading well above its listing price after a strong post-IPO rally, future gains are likely to depend on sustained operational performance and the company’s ability to deliver consistent growth. 

Source

• NSE