Trending Stocks Today, July 21, 2026: Jaiprakash Power, Vodafone Idea, PC Jeweller, SBI Funds Management In Focus

Mumbai, July 21: Shares of Jaiprakash Power Ventures, Vodafone Idea, PC Jeweller and SBI Funds Management featured among the most actively traded stocks on the NSE by volume on Tuesday, with company-specific developments driving investor interest. Jaiprakash Power gained after reporting a sharp jump in June-quarter profit, while PC Jeweller advanced amid plans to raise ₹1,000 crore through a QIP. Vodafone Idea remained in focus as investors tracked progress on its proposed ₹35,000-crore debt package. Meanwhile, newly listed SBI Funds Management made a decent debut. 

Jaiprakash Power Ventures Limited (up 4.56%) 

Shares of Jaiprakash Power Ventures surged in Tuesday’s trade, after the power generation company reported a strong set of June-quarter results. The company reported a consolidated net profit of ₹468.84 crore for the first quarter of FY27, up nearly 69% from ₹278.13 crore in the year-ago period. The improvement in profitability, along with a 12% year-on-year increase in revenue, helped strengthen investor sentiment and triggered buying interest in the stock. The company’s revenue from operations rose to ₹1,775.70 crore. The quarterly performance also marked a significant improvement from the preceding quarter, when the company had reported a consolidated net loss of ₹13.37 crore. The return to profitability on a sequential basis added to the positive sentiment around the stock, with investors focusing on the company’s earnings trajectory.  

The company’s improving financial performance comes against the backdrop of a significant change in its ownership structure. Following the implementation of the approved resolution plan for Jaiprakash Associates, Adani Power acquired a 24% stake in Jaiprakash Power Ventures, effective May 21, 2026. The development has added another layer of investor interest around the power company and its future prospects.  

Investors will now track whether Jaiprakash Power can sustain the momentum in the coming quarters. The company’s ability to deliver consistent earnings growth will be key factor in determining whether the sharp post-results gains can be sustained. For now, the strong Q1 performance has provided a fresh catalyst for the stock, pushing shares higher.  

Vodafone Idea Limited (up 0.52%)  

Vodafone Idea shares edged higher on Tuesday after falling in the previous session, with investors continuing to track developments around the telecom operator’s proposed ₹35,000-crore debt raise. 

Sentiment around the stock has remained cautious amid reports that the fundraising plan is yet to secure approval from the company’s lending consortium. Banks are reportedly seeking additional safeguards and changes to the business plan before approving the package, potentially delaying the much-needed capital infusion. 

The uncertainty is significant for Vodafone Idea as the company plans to use the funds to accelerate investments in its 4G and 5G networks. Any prolonged delay could slow its network expansion at a time when rivals Reliance Jio and Bharti Airtel continue to strengthen their market positions. Analysts have highlighted faster network rollouts and improved service quality as critical to Vodafone Idea’s efforts to regain competitiveness and retain subscribers. 

The proposed debt package forms a key part of the company’s turnaround strategy, with the funds expected to support network expansion, improve infrastructure and strengthen its ability to compete in the telecom market. Investors will therefore be watching closely for clarity on the fundraising process, with delays potentially weighing on sentiment and raising fresh concerns over the pace of Vodafone Idea’s recovery. 

PC Jeweller Limited (up 1.83%)  

Shares of PC Jeweller extended their gains on Tuesday, following a rebound in the previous session, as investors continued to assess the jewellery retailer’s plans to raise up to ₹1,000 crore through a Qualified Institutions Placement (QIP). 

The proposed fundraising was approved by the company’s board last Thursday. The board also approved a proposal to increase the authorised share capital to ₹1,460 crore from ₹1,310 crore, subject to shareholder approval. The capital raise is expected to bolster PC Jeweller’s balance sheet, address working capital needs and provide funds for expansion. Meanwhile, HRTI Private sold more than 1.32 crore PC Jeweller shares through a bulk deal on Friday. 

The company’s operating performance has also shown signs of improvement. PC Jeweller reported a 21% year-on-year increase in consolidated revenue for the June quarter, signalling continued momentum in its business recovery. The retailer has also significantly reduced its debt burden, having repaid more than 90% of its outstanding bank borrowings since reaching a settlement with lenders. 

PC Jeweller expects to clear its remaining bank debt during the current quarter. Completing the repayment would mark another major step in its financial turnaround, potentially reducing interest expenses, strengthening the balance sheet and giving the company greater financial flexibility to invest in growth and expansion. 

SBI Funds Management Limited (up 8.63% with respect to issue price) 

SBI Funds Management made a debut on the stock exchanges on Tuesday, with shares listing at a premium of nearly 7% to the IPO issue price, reflecting decent appetite for India’s largest asset management company. The stock opened at ₹613.30 on the NSE against an issue price of ₹574, marking a gain of 6.85%. On the BSE, the shares began trading at ₹610, up 6.27% from the issue price. 

The positive market debut followed an overwhelming response to the public offering, which was subscribed 41.66 times overall. Investors placed bids worth nearly ₹2.97 lakh crore for 518.93 crore shares, compared with the 12.46 crore shares on offer after the anchor allotment. 

Demand was particularly strong among institutional investors, underscoring market appetite for a large financial-services business positioned to benefit from the rapid expansion of India’s mutual fund and asset management industry. 

The ₹9,813-crore IPO was entirely an offer for sale, with existing shareholders State Bank of India and Amundi India Holding offloading their stakes. As a result, SBI Funds Management itself did not receive any proceeds from the issue. The IPO carried a price band of ₹545-574 per share and was open for subscription from July 14 to July 16. 

The issue was among the country’s largest public offerings this year and came amid renewed momentum in India’s primary market, with investors showing strong interest in established companies with scalable business models and long-term growth prospects. 

The strong listing has also been supported by SBI Funds Management’s dominant position in India’s asset management industry. The company, a joint venture between State Bank of India and Amundi, managed assets worth ₹12.5 trillion ($131 billion) as of March 2026, making it the country’s largest asset manager. 

Its extensive distribution network, strong brand association with SBI and growing participation in mutual funds across India’s smaller cities and towns provide a strong foundation for future growth. Rising financialisation of household savings and increasing retail participation in market-linked investment products are also expected to support the industry’s expansion. 

Investors will now track the stock’s performance following its debut, with attention likely to shift towards valuation, asset growth and the company’s ability to sustain earnings momentum. The strong listing indicates positive initial sentiment, but the stock’s performance in the coming sessions will determine whether the initial gains can be sustained as investors assess its long-term growth prospects. 

Source

• NSE