Trending Stocks Today, July 17, 2026: PC Jeweller Jumps on Fundraise Plans, Vodafone Idea Stays Volatile, Jio Financial Hops on Results, GTL Infrastructure Keeps Losing

Mumbai, July 17: PC Jeweller, Vodafone Idea, Jio Financial Services and GTL Infrastructure emerged as the most actively traded stocks by volume on the NSE on Friday, reflecting strong investor interest amid a mix of fundraising announcements, earnings-driven optimism and company-specific developments. While Jio Financial climbed after reporting a more than two-fold jump in June-quarter profit, PC Jeweller slumped following its proposed ₹1,000-crore QIP. Vodafone Idea remained volatile as investors tracked the status of its ₹35,000-crore debt funding plan, while GTL Infrastructure extended its recent correction despite its return to profitability in the March quarter. 

PC Jeweller Limited (down 5.81%) 

Shares of PC Jeweller fell on Friday after the jewellery retailer announced plans to raise up to ₹1,000 crore through a Qualified Institutions Placement (QIP), a move that raised concerns over potential equity dilution despite the company’s improving financial position. 

The board approved the fundraise and also cleared an increase in the company’s authorised share capital from ₹1,310 crore to ₹1,460 crore, subject to shareholder approval. The proposed capital infusion is expected to be aimed at strengthening the balance sheet, supporting working capital requirements and funding future growth initiatives. While the fundraising is expected to improve financial flexibility, investors appeared wary of the dilution impact.  

PC Jeweller’s recovery momentum has continued to strengthen. The company posted a 21% year-on-year increase in consolidated revenue for the June quarter and said it has pared more than 90% of its outstanding bank debt since implementing its settlement with lenders. It expects to clear the remaining debt during the current quarter, which would mark a major milestone in its balance sheet repair by lowering finance costs and enhancing its capacity to fund future expansion. 

Vodafone Idea Limited (down 0.14%)  

Vodafone Idea shares edged down on Friday after bouncing 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.  

Vodafone Idea shares traded marginally lower on Friday, giving up some ground after rebounding in the previous session. The telecom stock has remained volatile this week as investors weighed the company’s fundraising prospects against persistent concerns over its financial position and execution challenges. 

Sentiment has been dented by reports that the proposed ₹35,000-crore debt package has yet to receive lender approval. According to reports, the consortium of banks has sought additional safeguards and requested a revised business plan before signing off on the financing, casting uncertainty over when the company will be able to secure the much-needed capital. 

The delay could push back Vodafone Idea’s plans to accelerate investments in its 4G and 5G networks, potentially widening the competitive gap with larger rivals Reliance Jio and Bharti Airtel. Analysts have cautioned that timely network expansion is critical for the telecom operator to stem subscriber losses and improve its market position. 

The proposed borrowing forms a key pillar of Vodafone Idea’s turnaround strategy, with the funds earmarked for expanding network capacity, improving service quality and supporting long-term growth. Investors are likely to keep a close watch on developments surrounding the fundraising, as further delays could weigh on both the company’s recovery prospects and the stock’s performance. 

Jio Financial Services Limited (up 3.42%) 

Jio Financial Services shares rallied on Friday after the Reliance Group-backed NBFC delivered a blockbuster June-quarter performance, with profit more than doubling on the back of robust growth across its lending and financial services businesses. 

The company reported a consolidated net profit of ₹830 crore for the June quarter, compared with ₹325 crore in the year-ago period, as business momentum strengthened across key verticals. The earnings reflected healthy expansion in lending, payments, insurance and wealth management operations, with multiple businesses contributing to growth. 

Jio Credit, the company’s lending arm, remained a key growth engine during the quarter. Gross assets under management (AUM) crossed ₹30,000 crore, underscoring rapid growth in its retail loan portfolio. The company continued to expand its offerings across personal loans, loans against securities and other digital credit products by leveraging the broader Jio ecosystem. 

The company also made further inroads in its non-lending businesses. Its payments business moved closer to profitability, insurance operations continued to scale up, and its asset management joint venture with BlackRock gained traction as it expanded its presence in India’s fast-growing mutual fund industry. The broad-based performance across business segments reinforced investor confidence in Jio Financial’s strategy of building a diversified financial services platform rather than relying on a single growth driver. 

GTL Infrastructure Limited (down 1.57%)  

GTL Infrastructure shares remained under pressure on Friday, extending their recent losing streak. The stock has fallen around 6% over the past week and nearly 18% in the last month. Despite the recent correction, it is still up more than 3% on a year-to-date basis, although it remains down about 29% over the past 12 months. 

The latest weakness comes after an earlier rally triggered by the company’s March-quarter earnings declared on May 12. GTL Infrastructure reported a standalone net profit of ₹1,185.6 crore for the quarter ended March 2026, a sharp reversal from a ₹249-crore net loss a year earlier. Although revenue slipped nearly 2% year-on-year to ₹330 crore, investors initially welcomed the return to profitability, driving the stock higher. However, that optimism has since faded, with the recent bout of profit booking eroding much of the post-results gains. 

Source

• NSE