Trending Stocks Today, October 8, 2026: Moneyview, PC Jeweller, Vodafone Idea, IFCI In Focus

Mumbai, October 8: Shares of Moneyview, PC Jeweller, Vodafone Idea and IFCI were the most actively traded stocks by volume on the NSE on Thursday, with investors tracking a mix of corporate developments, recent price moves and sector-specific triggers. Moneyview fell 2% as investors booked profits while PC Jeweller and IFCI gained 3.58% and 7.50%, respectively. Vodafone Idea declined 1.67%. 

Moneyview Limited (down 2.00%)  

Moneyview shares came under profit booking on Thursday after rallying a day earlier following the Reserve Bank of India’s rate hike. 

The shares made a stellar debut on the NSE on Thursday, October 1, listing at Rs 55 apiece, a 61.76% premium over the IPO price of Rs 34. The strong debut came after the company’s Rs 1,092-crore initial public offering was subscribed 98.46 times during the September 24-28 bidding period. 

The issue drew strong demand from investors across categories, underscoring market appetite for Moneyview’s digital financial services platform and its growth prospects. The company, backed by Accel, connects customers with a network of financial partners and offers products including personal loans, loans against property, secured lending, credit tracking, UPI and digital gold. 

The stock’s strong debut reflected investor enthusiasm for Moneyview’s digital-first business model. However, after the initial listing gains, investors are likely to focus on whether the company can sustain growth, expand its product offerings and convert that expansion into stronger earnings and financial performance. 

PC Jeweller Limited (up 3.58%) 

Shares of PC Jeweller rose around 3% on Thursday after the jewellery retailer reported a 28% year-on-year increase in consolidated revenue for the September quarter, aided by healthy consumer demand.  

The company also said it had received around Rs 142 crore during the quarter from outstanding export debtors, marking the start of recovery of receivables following negotiations and settlement of the issue.  

Adding to the positive sentiment, PC Jeweller recently said it had become debt-free after repaying all outstanding bank borrowings ahead of their scheduled due dates. The move is expected to reduce its interest burden and strengthen the company’s balance sheet going forward.  

The latest update follows PC Jeweller’s strong June-quarter performance, when consolidated net profit rose 37.2% year-on-year to Rs 222 crore, while revenue from operations increased 21% to Rs 877 crore. The company also completed a Rs 500-crore preferential fundraise in September, adding further strength to its balance sheet.  

Vodafone Idea Limited (down 1.67%)  

Vodafone Idea shares continued to decline on Thursday after surging on Tuesday, with investors weighing continued subscriber additions against concerns over monetisation and the telecom operator’s stretched financial position. 

Data released by the Telecom Regulatory Authority of India (TRAI) last week showed that Vodafone Idea added more than 5 lakh mobile subscribers in August, extending its monthly customer additions streak that began in February. Its subscriber base rose to 19.96 crore from 19.91 crore in July, taking its market share to 15.43% at the end of August. 

The improvement in customer numbers comes as Vodafone Idea seeks to strengthen its offering, including through a revamped international roaming proposition covering prepaid, postpaid and enterprise users. 

The stock had come under pressure at the start of last week after a global brokerage reviewed the operator’s new roaming strategy. Vodafone Idea 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 plans starting at Rs 451. 

The brokerage said the revised roaming proposition could improve Vodafone Idea’s competitiveness against larger rivals Bharti Airtel and Reliance Jio, particularly in attracting higher-value customers. It could also encourage prepaid users to shift to annual plans, potentially improving retention and reducing churn. 

A greater proportion of annual-plan customers could have another benefit for Vodafone Idea by helping ease working-capital requirements, the brokerage said. However, it retained a ‘Neutral’ rating on the stock, citing Vodafone Idea’s valuation premium to Bharti Airtel and its stretched cash-flow position. 

The brokerage expects Vodafone Idea’s EBITDA to grow at a 15% compound annual growth rate, slightly improving from its earlier trajectory. However, it cautioned that the growth would be driven from a low base as the company’s operating metrics recover. 

The subscriber strategy also comes with a potential trade-off. Vodafone Idea’s focus on rebuilding its customer base and improving retention could come at the expense of near-term average revenue per user (ARPU), particularly if users are encouraged to opt for lower-priced or bundled plans. 

While stronger retention and a more stable subscriber base could improve the quality of Vodafone Idea’s customers over time, the strategy may limit near-term monetisation. The brokerage also pointed out that international roaming accounts for only a small share of overall telecom industry revenue, meaning the revamped proposition is unlikely to have a significant immediate impact on Vodafone Idea’s topline. 

For investors, the key question is whether the improvement in subscriber additions can translate into a sustained recovery in operating performance and cash generation. While Vodafone Idea is showing signs of gaining traction with customers, it continues to face the larger challenge of improving monetisation, strengthening cash flows and repairing its financial position. 

IFCI Limited (up 7.50%) 

IFCI, a public sector non-banking financial company, jumped on Thursday after declining yesterday. Over a week it has risen 6% and over a year 17%. This year it has risen 30%. Over a month the stock is down 25%. 

Source

•  NSE