Trending Stocks Today, July 22, 2026: Vodafone Idea Down On Investor Caution, PC Jeweller Declines After Repayment Update, Bandhan Bank Plunges On Outlook, YES Bank Up After Announcements

Mumbai, July 22: Shares of Vodafone Idea, PC Jeweller, Bandhan Bank and YES Bank were among the most actively traded stocks by volume on the NSE on Wednesday. While Vodafone Idea and PC Jeweller declined, Bandhan Bank plunged after its cautious profitability outlook overshadowed better-than-expected quarterly earnings. YES Bank, meanwhile, gained after announcing its annual general meeting and amid investor optimism following strong June-quarter results. 

Vodafone Idea Limited (down 0.44%)  

Vodafone Idea shares declined on Wednesday, reversing a marginal gain in the previous session, as concerns over rising telecom equipment costs added to investor caution around the company’s ongoing 5G expansion plans. 

Analysts have warned that the telecom operator could face a substantial increase in network rollout expenses as equipment manufacturers prepare to raise prices amid higher chip and component costs, partly driven by the global artificial intelligence investment boom. The cost pressures come at a challenging time for Vodafone Idea, which is entering a heavy investment cycle while rivals Reliance Jio and Bharti Airtel have already completed a large part of their nationwide 5G rollouts. 

Investors are also closely monitoring the company’s proposed ₹35,000-crore debt fundraising, which is considered crucial to its plans to accelerate 4G and 5G network investments. 

Market sentiment towards the stock has remained cautious amid reports that the fundraising proposal is yet to receive approval from Vodafone Idea’s lending consortium. Banks are reportedly seeking additional safeguards and revisions to the company’s business plan before signing off on the package, potentially delaying the much-needed capital infusion. 

The delay could complicate Vodafone Idea’s efforts to expand its network and compete with larger rivals. The company plans to deploy the proposed funds towards strengthening its 4G infrastructure and expanding 5G coverage, making timely access to capital critical to its turnaround strategy. 

Analysts have pointed to network expansion and improvements in service quality as key to Vodafone Idea’s efforts to regain market share and retain subscribers. Any prolonged delay in securing funding could therefore slow its catch-up efforts as Reliance Jio and Bharti Airtel continue to expand their network footprint and strengthen their competitive position. 

The proposed debt package remains a central pillar of Vodafone Idea’s turnaround plans, with the funds expected to support network expansion, upgrade infrastructure and improve its ability to compete in India’s telecom market. Investors are likely to closely track developments around the fundraising, with further delays potentially weighing on the stock and raising fresh concerns about the pace of the company’s recovery. 

PC Jeweller Limited (down 1.59%) 

Shares of PC Jeweller declined on Wednesday after extending gains in the previous session, as investors weighed the jewellery retailer’s latest debt repayment update alongside its plans to raise up to ₹1,000 crore through a Qualified Institutions Placement (QIP). 

The company said it had repaid another bank, taking the number of lenders cleared to five out of 14. The debt reduction remains a key focus for investors as PC Jeweller works to strengthen its financial position and complete its turnaround. 

The company’s board approved the proposed ₹1,000-crore QIP last Thursday. It also cleared a proposal to raise the authorised share capital to ₹1,460 crore from ₹1,310 crore, subject to shareholder approval. The proposed fundraise is expected to strengthen the balance sheet, meet working capital requirements and support the company’s expansion plans. Separately, HRTI Private sold more than 1.32 crore PC Jeweller shares in a bulk deal on Friday. 

PC Jeweller’s operating performance has also shown signs of recovery. Consolidated revenue rose 21% year-on-year in the June quarter. The retailer has simultaneously made significant progress in reducing its debt burden, repaying more than 90% of its outstanding bank borrowings since reaching a settlement with lenders. 

PC Jeweller expects to repay its remaining bank debt during the current quarter. Completing the process would mark a significant milestone in its financial turnaround, potentially lowering interest costs, further strengthening its balance sheet and providing greater flexibility to fund future growth and expansion. 

Bandhan Bank Limited (down 16.60%)  

Shares of Bandhan Bank tumbled on Wednesday despite the lender reporting a stronger-than-expected rise in quarterly profit, as investors reacted negatively to its cautious outlook for profitability. The sharp selloff came after the bank indicated that net interest margins (NIMs) could decline slightly over the next two quarters and lowered its return on assets (RoA) guidance for the current financial year. 

The lender’s revised outlook overshadowed the improvement in its June-quarter earnings, with investors focusing on the pressure expected on margins and operating expenses. The cut in RoA guidance has raised concerns over the sustainability of the bank’s earnings trajectory, particularly amid a challenging environment for deposit mobilisation and funding costs. 

Bandhan Bank’s expectation of a modest decline in NIMs over the coming two quarters is a key concern for investors, as net interest margins are a crucial measure of profitability for banks. The pressure comes against a backdrop of intense competition for deposits, which could force lenders to offer higher rates to attract and retain funds, potentially increasing their cost of borrowing. 

Yes Bank Limited (up 1.69%)  

YES Bank shares rose on Wednesday after the lender announced that its 22nd Annual General Meeting will be held on August 19, 2026, through video conferencing. The bank also announced a special window for the transfer and dematerialisation of physical YES Bank shares in line with SEBI regulations. The stock may also be benefiting from its strong Q1FY27 performance, with net profit rising 34% year-on-year to ₹1,071 crore, while asset quality improved. 

Source

• NSE