Trending Stocks Today, July 16, 2026: Vodafone Idea, PC Jeweller, MRPL, Mrs. Bectors Among Volume Leaders

Mumbai, July 16: Vodafone Idea, PC Jeweller, Mangalore Refinery and Petrochemicals (MRPL), and Mrs. Bectors Food Specialities featured among the most actively traded stocks by volume on the NSE on Thursday, driven by a mix of earnings, corporate developments, block deals and company-specific news. While MRPL and Mrs. Bectors rallied on strong triggers, Vodafone Idea rebounded after recent weakness, whereas PC Jeweller witnessed profit booking following its recent rally despite positive updates on debt reduction and legal relief. 

PC Jeweller Limited (down 1.89%) 

PC Jeweller shares witnessed profit booking on Thursday after the company announced it had repaid outstanding dues to another lender under the joint settlement agreement signed with a consortium of banks in September 2024. With this repayment, the jewellery retailer has fully settled its dues with four of the 14 consortium banks, marking another step in its deleveraging plan. The company has reiterated its target of becoming debt-free by the second quarter of FY27. 

The stock had rallied sharply in the previous session after PC Jeweller informed exchanges that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, had ruled in its favour in a long-running case initiated by the Directorate of Revenue Intelligence (DRI). The tribunal dismissed the proceedings against the company, its Managing Director and others, holding that the allegations relating to customs duty payments on imported jewellery were unsustainable. The case stemmed from DRI searches conducted at the company’s premises in December 2012. 

Prior to Wednesday’s surge, the stock had declined for two consecutive sessions as investors booked profits following a three-day rally driven by a string of positive corporate announcements. The recent volatility reflects the market’s tendency to lock in gains after sharp upmoves despite improving business fundamentals. 

The company’s turnaround strategy continues to gather pace. PC Jeweller reported a 21% year-on-year rise in consolidated revenue for the June quarter and said its outstanding bank debt has been reduced by over 90% since the lender settlement agreement took effect. Management expects to repay the remaining debt during the current quarter, a move that would significantly reduce interest costs, strengthen the balance sheet and improve financial flexibility for future growth initiatives. 

Idea Vodafone Limited (up 2.19%) 

Vodafone Idea shares bounced back on Thursday after witnessing sustained selling pressure over the previous three sessions. The stock had declined after a brief two-day rebound, with investors turning cautious amid uncertainty surrounding the telecom operator’s proposed Rs 35,000-crore debt financing plan. 

Investor sentiment weakened after reports suggested that a consortium of lenders had sought additional safeguards and asked the company to submit an updated business plan before approving the proposed loan package. The development has raised questions over the timeline for securing the much-needed funding. 

The delay has heightened concerns that Vodafone Idea’s network expansion plans could face further setbacks. A slower inflow of capital may postpone investments in 4G and 5G infrastructure, making it more difficult for the company to compete with larger peers Reliance Jio and Bharti Airtel in an increasingly competitive telecom market. 

The proposed debt package is central to Vodafone Idea’s revival strategy, with the company counting on fresh funding to improve network coverage, enhance customer experience and drive subscriber growth. Market participants are expected to closely track progress on the fundraising front, as any further delays could continue to weigh on the stock and the company’s turnaround prospects. 

Mangalore Refinery and Petrochemicals Limited (up 8.97%)  

MRPL shares surged on Thursday after the state-owned refiner reported a sharp turnaround in its June-quarter performance, aided by stronger refining margins and a near doubling of revenue. The company posted a standalone net profit of Rs 915 crore for Q1 FY27 against a loss of Rs 272 crore a year earlier, while revenue from operations jumped to Rs 41,609 crore from Rs 20,989 crore. Investors cheered the strong earnings recovery, sending the stock sharply higher in trade. 

Mrs. Bectors Food Specialities Limited (up 13.85%)  

Mrs. Bectors Food Specialities shares surged on Thursday after ace investor Sunil Singhania-led Abakkus Investment Managers acquired a stake in the company through a block deal, boosting investor sentiment.The stock emerged among the top gainers on the exchanges as the transaction signalled renewed institutional interest despite the company’s recent underperformance.  

According to exchange data, Abakkus Investment Managers purchased 29.4 lakh shares, representing around 0.96% equity in Mrs. Bectors Food, through a block deal executed on July 15. The shares were acquired at an average price of Rs 168.97 apiece, marginally below the previous day’s closing price. The transaction is estimated to be worth nearly Rs 50 crore.  

The buying comes at a time when the stock is down 22% this year. Despite the weakness, several analysts continue to remain constructive on the company, citing its strong brand portfolio, expanding distribution network and healthy growth prospects in the premium biscuits and bakery segments. Some brokerages have maintained a ‘Strong Buy’ recommendation, seeing meaningful upside from current levels. 

Source

• NSE