Trending Stocks Today, October 6, 2026: Vodafone Idea, Moneyview, PC Jeweller, Delta Corp In Focus

Mumbai, October 6: Shares of Vodafone Idea, Moneyview, PC Jeweller and Delta Corp were among the most traded stocks by volume on the NSE on Tuesday, with individual stock-specific triggers keeping investors active. Vodafone Idea led the pack with a 3.22% gain, while Moneyview and PC Jeweller declined 1.86% and 0.77%, respectively. Delta Corp rose 0.55%. 

Vodafone Idea Limited (up 3.22%) 

Vodafone Idea continued its recovery on Tuesday, extending gains after breaking a two-session losing streak a day earlier. The stock had come under pressure last week on Tuesday, after subscriber data released by the Telecom Regulatory Authority of India (TRAI) showed that the telecom operator continued to add mobile users in August. 

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

The stock had faced selling pressure at the start of last week after a global brokerage reviewed Vodafone Idea’s revamped international roaming proposition across its prepaid, postpaid and enterprise offerings. The company has made international roaming a standard free benefit, while its postpaid plans start at Rs 501. Its portfolio also includes annual prepaid unlimited-data plans and corporate offerings starting at Rs 451. 

The brokerage said the revamped roaming proposition could improve Vodafone Idea’s competitive position against larger rivals Bharti Airtel and Reliance Jio, particularly in attracting higher-value customers. 

The new offerings could also prompt existing prepaid users to shift to annual plans, which may help the company improve customer retention and reduce churn. A greater proportion of annual-plan users could also lower Vodafone Idea’s working-capital requirements, the brokerage said. 

Despite the potential benefits, the brokerage retained a ‘Neutral’ rating on the stock, citing Vodafone Idea’s valuation premium relative to Bharti Airtel and its stretched cash-flow position. 

It expects the company’s EBITDA to grow at a 15% compound annual growth rate (CAGR), slightly ahead of its previous trajectory. However, the brokerage noted that the growth would be coming from a lower base as Vodafone Idea’s operating metrics gradually recover. 

According to the brokerage, Vodafone Idea’s latest strategy appears to prioritise customer acquisition and retention rather than maximising revenue in the near term. 

That approach could weigh on average revenue per user (ARPU), particularly if subscribers are encouraged to move towards lower-priced or bundled plans. While stronger subscriber retention could improve the quality and stability of the customer base over time, the strategy may limit near-term monetisation. 

The brokerage also pointed out that international roaming accounts for only a small share of total telecom industry revenue. This means the revamped offering, while potentially useful in strengthening Vodafone Idea’s competitive positioning and improving customer retention, is unlikely to have a material immediate impact on the company’s overall revenue. 

The focus, therefore, remains on whether the improved subscriber trajectory can translate into better operating metrics and cash generation over time. Vodafone Idea’s continued subscriber additions offer some evidence of improving traction, but its stretched financial position and the need to improve monetisation remain key considerations for investors. 

Moneyview Limited (down 1.86%) 

Moneyview shares extended their decline on Tuesday following a strong debut on the stock exchanges last week, as investors continued to book profits after the stock’s sharp listing-day gains. 

The stock made its market debut on Thursday, October 1, at ₹55 apiece on the NSE, marking a 61.76% premium over its IPO price of ₹34. The strong listing came after robust demand for the company’s initial public offering, which was subscribed 98.46 times during the September 24-28 bidding period. 

The ₹1,092-crore IPO drew widespread interest from investors, reflecting strong appetite for the digital financial services platform and its growth prospects. 

Backed by Accel, Moneyview operates a digital financial services platform through a network of financial partners. Its product portfolio spans personal loans, loans against property, secured lending, credit tracking, UPI and digital gold. 

While the steep premium at listing underscored strong investor enthusiasm, the stock has subsequently faced selling pressure as investors moved to lock in gains after its blockbuster debut. 

PC Jeweller Limited (down 0.77%) 

PC Jeweller shares slipped on Tuesday after gaining in the previous session in anticipation of stronger jewellery demand during the upcoming festive season. 

The sector has entered a critical period for sales, with Navratri and Dussehra followed by Dhanteras and Diwali. Investors are also looking ahead to September-quarter business updates from jewellery companies, which are expected to provide an early indication of festive-season demand. 

Early October typically marks the beginning of the key jewellery-buying period in India, with purchases expected to accelerate as Dhanteras and Diwali draw closer. 

The company recently completed the repayment of its outstanding debt to all 14 consortium banks under its settlement agreement, effectively making it debt-free. 

The balance-sheet turnaround marks a significant step in the company’s efforts to strengthen its financial position. With its debt obligations cleared, PC Jeweller expects to benefit from lower finance costs while gaining greater flexibility to deploy capital towards expanding its retail network and pursuing growth opportunities. 

The debt reduction could also provide the company with greater room to capitalise on a potential recovery in jewellery demand during the ongoing festive and wedding seasons. However, the near-term performance of the stock is likely to remain closely linked to actual sales trends and the company’s September-quarter business update, rather than expectations around festive demand alone. 

Delta Corp Limited (up 0.55%) 

Delta Corp shares continued to rise on Tuesday, extending the sharp rally seen in the previous session, as investors remained focused on developments around the gaming sector. The stock touched its 52-week high today. 

The latest gains come ahead of the Supreme Court’s October 14 deadline for the pending adjudication proceedings concerning the gaming industry, with the outcome being closely watched by investors. Delta Corp shares jumped on Monday after a report said the company and two subsidiaries had received final GST orders amounting to around Rs 117 crore in aggregate. The liability was significantly below the nearly Rs 16,000 crore sought in the earlier show-cause notices, easing concerns over the potential tax exposure. 

Delta Corp operates casinos and hospitality businesses. 

Source:

• NSE