Trending Stocks Today, June 22, 2026: Vodafone Idea flat after EGM optimism; Jaiprakash Power rises on deal-linked sentiment; Ola Electric edges higher post-QIP support; Yes Bank slips on GST penalty

Mumbai, June 22: Most-traded stocks on the NSE on Monday saw highly stock-specific moves as investors reacted to a mix of corporate announcements, deal developments, capital-raising actions and regulatory updates. Vodafone Idea stayed largely rangebound after recent volatility in the wake of optimism around its turnaround narrative, while Jaiprakash Power rebounded on sentiment support from the Adani Power transaction involving Jaiprakash Associates’ assets. Ola Electric edged higher as investors assessed the impact of its recent QIP-backed balance sheet strengthening, and Yes Bank witnessed mild profit booking following a strong run-up in the previous week after a GST-related disclosure. 

Vodafone Idea Limited (down 0.07%) 

Vodafone Idea share price was largely unchanged on Monday after a bout of profit booking in the previous session, following a recent rally sparked by Chairman Kumar Mangalam Birla’s upbeat commentary on the telecom operator’s turnaround prospects and future growth trajectory. 

At the company’s extraordinary general meeting held recently, Birla had said Vodafone Idea had reached an “inflection point” after shareholders approved a ₹4,730-crore promoter funding plan. He added that the company was now entering a new phase of growth, with management focused on expanding network infrastructure, improving operational efficiency, and strengthening its competitive position in the intensely contested telecom market. 

Investor sentiment has been gradually improving on the back of a series of supportive developments in recent months. These include government relief measures on adjusted gross revenue (AGR) liabilities, continued financial backing from promoters, and ongoing efforts to raise additional capital to fund network expansion and the rollout of 5G services. Market participants believe these steps are key to strengthening the company’s balance sheet, improving service capabilities, and supporting its longer-term revival strategy. 

Jaiprakash Power Ventures Limited (up 2.88%) 

Jaiprakash Power Ventures shares rebounded on Monday after declining in the previous two sessions. The stock has remained under pressure, slipping about 1% since Adani Power signed definitive agreements a month ago to acquire a 24% stake in the company, along with the Churk power assets, from Jaiprakash Associates in a deal valued at over ₹4,193 crore. 

The transaction was seen as an important step in Jaiprakash Associates’ ongoing debt resolution process, while also being interpreted as a partial validation of Jaiprakash Power’s underlying asset quality amid continued consolidation in the thermal power sector. For Adani Power, the acquisition is expected to bolster generation capacity and strengthen its footprint in Uttar Pradesh, further expanding its presence in a key power demand market. 

Ola Electric Mobility Limited (up 0.40%) 

Ola Electric share price edged higher on Monday after declining nearly 4% over the past week following the completion of its qualified institutional placement (QIP) two weeks ago. 

The electric two-wheeler manufacturer had raised ₹780 crore through the QIP, which was oversubscribed by 56%, indicating strong institutional interest. The company allotted 21.76 crore shares at ₹35.86 apiece, drawing participation from marquee investors including Goldman Sachs, BNP Climate Fund, Motilal Oswal Mutual Fund, Mirae Asset Mutual Fund and Kotak Mahindra Mutual Fund. 

The successful fundraise has been viewed as a vote of confidence in Ola Electric’s long-term growth trajectory. The proceeds are expected to strengthen the company’s balance sheet, support manufacturing expansion, accelerate investments in battery technology and provide additional financial flexibility as it scales its electric mobility and energy businesses. 

Sentiment has also been aided by early signs of improvement in vehicle registrations after a difficult period marked by softer demand and intensifying competition. Market participants remain focused on the company’s efforts to expand its battery operations, improve profitability metrics and strengthen its position in India’s rapidly growing but increasingly crowded electric two-wheeler market. 

Yes Bank Limited (down 0.87%) 

Yes Bank share price declined on Monday after a recent 6% rally over the past week. 

The move comes after the lender disclosed a Goods and Services Tax (GST)-related update to stock exchanges, indicating it has received an order involving a penalty in connection with tax proceedings. The bank said that it will evaluate appropriate remedies, including an appeal, within the prescribed timelines. Market participants largely view such tax-related orders as routine in nature for financial institutions, though they can trigger short-term volatility in the stock. 

Source

• NSE