Trending Stocks Today, October 7, 2026: Vodafone Idea, Moneyview, MobiKwik Among Top Volume Movers On NSE

Mumbai, October 7: Vodafone Idea, Moneyview, PC Jeweller and One MobiKwik Systems were among the most actively traded stocks by volume on the NSE on Wednesday, with Moneyview leading the gains after its strong market debut last week. Vodafone Idea also extended its recent rally, while MobiKwik shares climbed after a large block deal in the previous session. 

Vodafone Idea Limited (up 0.91%) 

Vodafone Idea shares extended their upward run on Wednesday, rising for a third straight session after snapping a two-day losing streak. Last week subscriber data from the Telecom Regulatory Authority of India (TRAI) showed that the telecom operator continued to expand its mobile customer base in August. 

Vodafone Idea added over 5 lakh mobile subscribers during the month, extending the run of customer additions that began in February. Its 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 latest subscriber numbers come as Vodafone Idea seeks to strengthen its competitive position through a revamped international roaming offering spanning prepaid, postpaid and enterprise customers. 

The stock had come under pressure at the beginning of last week after a global brokerage assessed the company’s new roaming proposition. Vodafone Idea has made international roaming a standard free benefit, while its postpaid plans start at Rs 501. The operator also offers annual prepaid unlimited-data plans, along with corporate plans starting at Rs 451. 

The brokerage said the revised offering could help Vodafone Idea compete more effectively with larger rivals Bharti Airtel and Reliance Jio, particularly by making the operator more attractive to higher-value customers. 

The strategy could also encourage existing prepaid subscribers to migrate to annual plans, potentially improving customer retention and reducing churn. A larger base of annual-plan users could additionally help ease Vodafone Idea’s working-capital requirements, according to the brokerage. 

However, the brokerage maintained a ‘Neutral’ rating on the stock, pointing to Vodafone Idea’s valuation premium over Bharti Airtel as well as its stretched cash-flow position. 

The brokerage expects Vodafone Idea’s EBITDA to expand at a 15% compound annual growth rate, marginally better than its earlier trajectory. However, it cautioned that the projected growth will come off a relatively low base as the company’s operating metrics gradually recover. 

Its assessment suggests that Vodafone Idea is currently placing greater emphasis on rebuilding its customer base and improving retention rather than maximising near-term revenue. 

That strategy could put pressure on average revenue per user (ARPU), particularly if customers are incentivised to migrate towards lower-priced or bundled offerings. While a more stable subscriber base could improve the quality of Vodafone Idea’s customer mix over time, it could also constrain near-term monetisation. 

The brokerage also noted that international roaming contributes only a small portion of overall telecom industry revenue. As a result, Vodafone Idea’s revamped roaming proposition is unlikely to make a meaningful immediate difference to its overall revenue despite its potential benefits for customer acquisition and retention. 

For investors, the bigger question is whether the recent improvement in subscriber additions can eventually translate into stronger operating performance and cash generation. 

Vodafone Idea’s continued customer additions indicate some improvement in traction, but the company still faces the larger challenges of improving monetisation, strengthening cash flows and addressing its stretched financial position. 

Moneyview Limited (up 10.97%) 

Moneyview shares jumped on Wednesday, after extending decline in the previous session following a strong debut on the exchanges last week. 

The shares were listed on the NSE on Thursday, October 1, at ₹55 apiece, representing a 61.76% premium over the IPO price of ₹34. The sharp debut followed overwhelming demand for the company’s initial public offering, which was subscribed 98.46 times during the September 24-28 bidding window. 

The ₹1,092-crore issue attracted strong participation across investor categories, highlighting market interest in Moneyview’s digital financial services business and its growth potential. 

Backed by Accel, Moneyview runs a digital financial services platform that connects customers with a network of financial partners. Its offerings include personal loans, loans against property, secured lending, credit tracking, UPI and digital gold. 

The strong listing reflects the enthusiasm around the company’s digital-first financial services model, although the stock’s post-listing performance will now depend on its ability to sustain growth and translate its expanding product portfolio into stronger financial performance. 

PC Jeweller Limited (up 0.54%) 

PC Jeweller shares moved higher on Wednesday, recovering from a decline in the previous session as investors turned their attention to the crucial festive period for jewellery sales. 

The sector is entering one of its busiest stretches of the year, with Navratri and Dussehra leading into Dhanteras and Diwali. Market participants will also be watching September-quarter business updates from jewellery companies for early signs of how strongly consumer demand has picked up during the festive season. 

Jewellery purchases generally gather pace from early October, before accelerating around Dhanteras and Diwali. The strength of sales during this period could provide an important read-through for the sector’s near-term outlook. 

For PC Jeweller, the festive-season opportunity comes against the backdrop of a significant improvement in its balance sheet. The company recently cleared its outstanding dues to all 14 consortium banks under its settlement agreement, effectively eliminating its debt burden. 

The completion of the repayment marks a major milestone in the company’s financial turnaround. With its debt obligations settled, PC Jeweller stands to benefit from lower finance costs and greater flexibility in allocating capital towards its retail expansion and other growth initiatives. 

The stronger balance sheet could also put the company in a better position to take advantage of any improvement in jewellery demand through the festive and upcoming wedding seasons. 

However, the immediate focus is likely to remain on actual sales performance. While the festive calendar provides a favourable backdrop, investors will be looking for evidence of stronger consumer demand in the company’s September-quarter business update before factoring in a sustained recovery. 

For PC Jeweller, therefore, the combination of a debt-free balance sheet and a potentially stronger festive season could improve the longer-term outlook, but the next leg of the stock’s performance is likely to depend on whether that opportunity translates into higher sales and better operating performance. 

One Mobikwik Systems Limited (up 4.45%) 

One MobiKwik Systems shares continued to climb on Wednesday, extending the sharp gains seen in the previous session after a large block deal involving nearly 10% of the company’s equity triggered heavy buying interest. 

On Tuesday, around 79.2 lakh shares changed hands through block deals at an average price of ₹240 apiece, taking the transaction value to nearly ₹189 crore. The stock subsequently hit its 20% upper circuit at ₹242.14. The identities of the buyers and sellers were not immediately disclosed. 

The rally has also brought the stock closer to its IPO price of ₹279. As of June 2026, Bajaj Finance held a 10.13% stake in One MobiKwik Systems, while promoters collectively owned 25.08%. The firm is a fintech platform specialising in consumer payments, digital credit, and merchant payment solutions. 

Source

•  NSE