Trending Stocks Today, October 5, 2026: Vodafone Idea, Moneyview, PC Jeweller, AceVector In Focus

Mumbai, October 5: Shares of Vodafone Idea, Moneyview, PC Jeweller and AceVector featured among the most actively traded stocks on the NSE on Monday, with investors tracking company-specific developments as well as fresh listings. Vodafone Idea gained modestly after recent subscriber additions, while Moneyview came under profit-taking following its strong market debut last week. PC Jeweller advanced amid gains across jewellery stocks ahead of the festive season, while AceVector made a weak stock-market debut, listing at an 11.5% discount to its IPO price. 

Vodafone Idea Limited (up 0.24%) 

Shares of Vodafone Idea snapped a two-session losing streak on Monday, recovering after coming under pressure in the previous week. The stock had gained on Tuesday after data from the Telecom Regulatory Authority of India (TRAI) showed that the telecom operator continued to expand its subscriber base in August. 

Vodafone Idea added more than 5 lakh mobile users during the month, extending its run of subscriber additions that began in February. Its mobile subscriber base increased to 19.96 crore in August from 19.91 crore in July, lifting its market share to 15.43% at the end of the month. 

The stock, however, faced selling pressure earlier last week after a global brokerage assessed Vodafone Idea’s revamped international roaming offering across prepaid, postpaid and enterprise segments. The company has made international roaming a standard free benefit, while its postpaid plans start at Rs 501. It also offers annual prepaid unlimited-data plans and corporate offerings starting at Rs 451. 

The brokerage said the revamped proposition could strengthen Vodafone Idea’s ability to compete with larger rivals Bharti Airtel and Reliance Jio for higher-value customers. It could also encourage existing prepaid subscribers to migrate to annual plans, potentially improving retention, lowering churn and reducing working-capital requirements. 

However, the brokerage maintained a ‘Neutral’ rating on Vodafone Idea, pointing to the stock’s valuation premium over Bharti Airtel and the company’s stretched cash-flow position. It expects Vodafone Idea’s EBITDA to grow at a slightly faster 15% CAGR, although the growth is expected to come off a lower base as operating metrics gradually improve. 

According to the brokerage, Vodafone Idea’s latest strategy appears to be focused more on acquiring and retaining subscribers than on maximising near-term revenue. This could result in some pressure on average revenue per user (ARPU), particularly if customers are shifted towards lower-cost or bundled offerings. 

The brokerage also noted that international roaming contributes only a small portion of overall telecom industry revenue. As a result, while the new proposition could help Vodafone Idea strengthen its competitive positioning and improve subscriber retention, its direct impact on the company’s near-term revenue is likely to remain limited. 

Moneyview Limited (down 0.54%) 

Shares of Moneyview fell on Monday, after its market debut in the previous session last week. The stock made a strong entry on the exchanges on Thursday, October 1, listing at ₹55 apiece on the NSE, representing a 61.76% premium over its IPO price of ₹34. 

The ₹1,092-crore initial public offering, which was open for subscription from September 24 to 28, received a strong response from investors and was subscribed 98.46 times. 

Moneyview, backed by Accel, operates a digital financial services platform that provides a range of products through a network of financial partners. Its offerings include personal loans, loans against property, secured loans, credit tracking, UPI and digital gold. 

The sharp listing gain had reflected strong investor interest in the company, although the stock came under pressure on Monday as investors booked profits following its stellar debut. 

PC Jeweller Limited (up 1.17%) 

Shares of PC Jeweller rose on Monday, tracking gains across jewellery stocks as investors positioned themselves ahead of the upcoming festive season. 

The rally in jewellery stocks comes as the industry enters one of its key demand periods, with Navratri, Dussehra, Dhanteras and Diwali approaching. Market participants are expecting festive buying to support jewellery sales, while September-quarter business updates from companies are also due this week. 

Early October typically marks the start of the crucial jewellery-buying season in India, with demand expected to pick up ahead of Dhanteras and Diwali. Analysts said investors are positioning themselves for potentially stronger festive sales and quarterly operating numbers. 

The recent gains across jewellery stocks are therefore largely expectation-driven, with companies yet to release their provisional September-quarter sales updates. Firm gold prices have also supported sentiment towards the sector, although elevated gold prices remain a factor that could influence consumer demand and jewellery volumes. 

For PC Jeweller, the festive-season optimism comes against the backdrop of a significant balance-sheet turnaround. The company recently completed repayment of its outstanding debt to all 14 consortium banks under its settlement agreement, making it debt-free. 

The company said the move would materially strengthen its balance sheet and financial position. The elimination of debt is also expected to reduce finance costs and give the jeweller greater financial flexibility to invest in its retail network and pursue growth opportunities. 

AceVector Limited (down 17.50% from issue price) 

Shares of AceVector, the parent company of Snapdeal, made a weak debut on the stock exchanges on Monday, October 5, listing at ₹28.32 on the NSE, an 11.5% discount to its IPO price of ₹32. On the BSE, the stock opened at ₹28.30, down 11.56% from the issue price. The IPO, which was open for subscription from September 25 to 29, was subscribed 5.07 times overall, with the non-institutional investor portion receiving the strongest demand at 8.53 times. The IPO had a price band of ₹30-32 price. 

Source

• NSE