Trending Stocks Today, June 2, 2026: Vodafone Idea Tops NSE Volume Chart; NHPC Slides On OFS, Jaiprakash Power and Yes Bank See Heavy Trading

Mumbai, June 2:Vodafone Idea emerged as the most-traded stock by volume on the NSE on Tuesday, overtaking Jaiprakash Power Ventures, even as its shares traded marginally lower. NHPC, Jaiprakash Power Ventures and Yes Bank also featured among the most active counters as investors reacted to company-specific developments, profit-booking and the government’s stake-sale plans. While NHPC came under pressure following a discounted offer for sale, trading activity in Vodafone Idea remained elevated amid improving subscriber trends and renewed focus on its growth and fundraising prospects.

Vodafone Idea (down 0.36%)

Vodafone Idea share price edged down on Tuesday although the stock became the market’s most-traded as the telecom operator seeks to capitalise on the controversy surrounding Bharti Airtel’s “Priority Postpaid” plans. The company launched a campaign stressing equal network access for all users and positioning itself as a provider that does not differentiate between premium and non-premium subscribers. The move comes amid a broader debate over net neutrality and preferential network access enabled by 5G network-slicing technology.

The development also coincides with an improvement in Vodafone Idea’s subscriber trends. The telecom operator added 53,257 wireless subscribers in April, marking its third consecutive month of net additions after years of customer losses, taking its total subscriber base to 198.53 million.

Investor sentiment towards Vodafone Idea has remained positive in recent months, aided by improving subscriber additions, progress on fundraising plans and expectations of broader network expansion. Optimism around a strengthened balance sheet, reduced concerns over statutory liabilities and higher capital spending has supported hopes of a gradual turnaround in the telecom operator’s competitive position.

Jaiprakash Power Ventures (down 0.11%)

Jaiprakash Power Ventures share price extended its decline on Tuesday, albeit at a much slower pace, surrendering its position as the market’s most-traded stock. The moderation in volumes and price action suggests some investors may be locking in gains after the stock’s sharp rally in recent sessions.

The pullback comes despite the positive sentiment generated by Adani Power’s agreement to acquire a 24% stake in the company, along with the Churk power assets, from Jaiprakash Associates for over ₹4,193 crore. The deal was seen as a significant milestone in Jaiprakash Associates’ efforts to reduce debt and highlighted the strategic value of Jaiprakash Power’s assets amid consolidation in India’s thermal power sector. For Adani Power, the acquisition is expected to bolster generation capacity and strengthen its footprint in Uttar Pradesh.

Yes Bank (down 1.17%)

Yes Bank share price declined with the stock seeing huge volumes although there don’t seem to be any immediate triggers in sight explaining the action on the markets. This year so far the lender has risen 5.6% versus Nifty Bank declining 11%. Over a year it has fallen 2.5% versus the index declining around 5%. Over a month, however, the stock has shown a rise, jumping 14% versus the index declining 3%.

NHPC (down 5.31%)

NHPC share price fell on Tuesday after the government launched an offer for sale (OFS) to divest up to a 6% stake in the state-run hydropower producer. The OFS has been priced at ₹71 per share, representing an around 8% discount to the stock’s previous closing price, prompting investors to pare holdings.

The stake sale comprises a base offer of 3% equity with an option to sell an additional 3% through a greenshoe mechanism in case of strong demand. If fully subscribed, the divestment could fetch the government nearly ₹4,300 crore as part of its broader disinvestment and asset monetisation programme.

NHPC recently reported a 68.5% year-on-year rise in fourth-quarter net profit to ₹1,549 crore, supported by improved operational performance.

Source:

• NSE