Trending Stocks Today, September 16, 2026: PC Jeweller, Vodafone Idea, Yes Bank, IFCI Among Volume Leaders

Mumbai, September 16: PC Jeweller, Vodafone Idea, Yes Bank and IFCI were among the most actively traded stocks on the NSE by volume on Wednesday, with sharp moves in several counters driving heightened investor activity. PC Jeweller led the pack with a 6.98% decline, extending its losing streak to four sessions, while IFCI fell 4.13% amid continued focus on its indirect exposure to the National Stock Exchange’s upcoming IPO. Yes Bank gained 1.56% after brokerages identified the private lender as a potential beneficiary of new UPI transaction charges, while Vodafone Idea slipped 0.76% following a TRAI order related to quality-of-service norms. 

PC Jeweller Limited (down 6.98%) 

PC Jeweller shares fell sharply on Wednesday, extending losses to the fourth straight session, even as the jewellery retailer continued to make progress on its debt settlement plan. 

The company said Thursday last week that it had cleared outstanding dues to another lender under the settlement agreement reached with its 14-bank consortium in September 2024. With the latest repayment, PC Jeweller has now settled dues with 11 of the 14 consortium lenders, with all repayments made ahead of their scheduled repayment dates. 

The jewellery retailer said it has also repaid more than 96% of its outstanding dues to the remaining three lenders, leaving less than 4% of the total amount to be paid. The company expects to clear the residual amount within September. 

PC Jeweller had entered into the settlement agreement with its consortium of lenders as part of efforts to resolve its stressed debt position and strengthen its balance sheet. 

With the bulk of its lender obligations now settled, the company is moving closer to becoming debt-free, subject to completion of the remaining repayments. 

The continued deleveraging is significant for the jewellery retailer as it seeks to improve its financial position and reduce the burden of interest and debt-related obligations on its business. 

Vodafone Idea Limited (down 0.76%)  

Vodafone Idea shares extended losses for a second straight session on Wednesday, after the telecom operator disclosed a TRAI order imposing a Rs 2 lakh financial disincentive. The penalty relates to the company’s failure to meet prescribed quality-of-service benchmarks across certain service areas in October 2025. Vodafone Idea said it is reviewing the order and evaluating its next course of action. The stock has declined 7% over a week. 

Yes Bank Limited (up 1.56%)  

Yes Bank shares rose on Wednesday after brokerages flagged the private lender as a key beneficiary of the new Merchant Discount Rate (MDR) on select UPI transactions. They said Yes Bank’s more than 40% share of UPI beneficiary volumes could give it significant exposure to the new monetisation opportunity, potentially supporting earnings. They also expect a positive earnings impact. 

IFCI Limited (down 4.13%) 

IFCI shares extended their recent decline on Wednesday, taking the stock’s one-week fall to 16.6%, while the counter is down 3.6% over the past month. Despite the recent correction, IFCI shares have gained 39.7% so far in 2026. 

IFCI has an indirect holding in the National Stock Exchange (NSE) through Stock Holding Corporation of India (SHCIL), in which the state-owned financial institution owns more than 50% stake. SHCIL, in turn, holds more than 4% in NSE. 

The exposure has come into focus following changes to NSE’s proposed initial public offering. The exchange has reduced the size of its offer by around 15% from the shares originally planned for sale. 

Several existing NSE shareholders have lowered the number of shares they intend to offload as part of the IPO. The lower-than-expected price band for the issue has emerged as one of the factors behind the revisions. 

SHCIL is among the NSE shareholders that have reduced the number of shares earmarked for sale in the IPO, potentially affecting the amount it could realise from the proposed listing. 

Source

•  NSE