Trending Stocks Today, September 17, 2026: Motisons Jewellers, IFCI, PC Jeweller, Vodafone Idea In Focus

Mumbai, September 17: Motisons Jewellers, PC Jeweller, IFCI and Vodafone Idea were among the most actively traded stocks by volume on the NSE on Thursday, with the counters seeing notable price moves amid company-specific developments and broader market activity. Motisons Jewellers rose 8.54%, extending its recent gains, while IFCI advanced 2.77% as the National Stock Exchange’s IPO opened for subscription. PC Jeweller fell 0.55% for a fifth straight session despite continued progress on its debt settlement, while Vodafone Idea gained 0.28% after snapping a two-session losing streak. 

Motisons Jewellers Limited (up 8.54%) 

Motisons Jewellers extended its rise today, the stock having risen 12.6% over a week and 9% over a month. This year it has risen 23% while the Nifty has declined 10.7%. 

PC Jeweller Limited (down 0.55%) 

PC Jeweller shares extended their decline for a fifth consecutive session, despite the jewellery retailer making further headway in its efforts to settle outstanding debt with lenders. 

PC Jeweller said last Thursday that it had repaid dues owed to another lender under the settlement agreement it reached with a 14-bank consortium in September 2024. The latest payment takes the number of consortium lenders whose dues have been fully settled to 11, with the company making each repayment ahead of the respective scheduled dates. 

The company has also substantially reduced its obligations to the three remaining lenders. More than 96% of the outstanding dues owed to them have been repaid, leaving less than 4% of the total amount pending. PC Jeweller expects to settle the remaining liability within September. 

The settlement agreement was put in place as part of the company’s efforts to address its stressed debt position and repair its balance sheet. The latest repayments mark another step in that process, with the company having now cleared the bulk of its obligations to the consortium. 

PC Jeweller is consequently moving closer to its stated objective of becoming debt-free, although that milestone remains contingent on completing the repayments still outstanding to the three lenders. 

The reduction in debt is also expected to lower the company’s interest and debt-servicing burden, while giving it greater financial flexibility as it focuses on its jewellery business. The progress on deleveraging comes even as the stock remains under pressure, with shares extending their losing streak to five sessions. 

IFCI Limited (up 2.77%) 

IFCI shares gained in Thursday’s session as investor attention turned to the National Stock Exchange of India’s much-awaited initial public offering, which opened for subscription on Thursday. The public-sector non-banking financial company was among the stocks in focus as the NSE issue began its three-day bidding period. 

IFCI shares rose 2.8%, snapping a losing streak as the NSE IPO opened for public subscription. The stock’s movement came alongside a broader focus on listed shareholders and entities with exposure to the exchange as investors tracked the response to the country’s largest stock exchange’s public issue. 

IFCI is a major indirect shareholder of NSE through Stock Holding Corporation of India Ltd (SHCIL). IFCI holds a 52% stake in SHCIL, which in turn owns a 4.4% stake in NSE. This indirect holding gives IFCI exposure to the value of the exchange ahead of its listing. 

The NSE IPO has brought renewed attention to shareholders that stand to receive value from the exchange’s public-market debut. IFCI’s holding in SHCIL is particularly relevant because of the latter’s stake in NSE. 

The NSE issue opened on Thursday after the exchange allotted shares worth Rs 6,746 crore to anchor investors. The anchor allocation was priced at Rs 1,785 per share, the upper end of the IPO’s price band. Norway’s and Abu Dhabi’s sovereign wealth funds were among the investors participating in the anchor book. 

The IPO is the fifth active mainboard offering in India’s primary market, adding to an already busy fundraising calendar. The strong institutional interest in NSE has also put the spotlight on companies holding direct or indirect stakes in the exchange. 

The NSE IPO received 13% subscription as of 10:45 am on Thursday. Non-institutional investors led the demand with 22% subscription, while the retail portion was subscribed 17% at that point. 

The response to the issue will be closely watched by investors given NSE’s dominant position in India’s equity and derivatives markets. The exchange is offering shares through an offer for sale, with existing shareholders looking to monetise their holdings through the public issue. 

IFCI was not the only listed company to attract attention as the NSE IPO opened. New India Assurance Company also holds a stake in NSE and saw its shares rise sharply during Thursday’s session. 

NIACL shares climbed more than 9% to an intraday high of Rs 201.24 on the NSE before paring gains. The stock was later trading at Rs 190.24, up 3.28%, around 11:05 am. New India Assurance holds a 1.42% stake in NSE and is offering 10.5 million shares in the IPO. At the upper end of the issue price band, the sale would fetch around Rs 1,874 crore, compared with an acquisition cost of about Rs 33.6 lakh. 

For IFCI, the NSE IPO provides investors with a fresh reference point for valuing its indirect exposure to the exchange. The stock’s movement will therefore remain in focus as subscription progresses and the market assesses the potential value unlocking from the landmark listing. 

Vodafone Idea Limited (up 0.28%) 

Vodafone Idea shares snapped a two-session losing streak on Thursday. 

The telecom operator disclosed on Wednesday an order from the Telecom Regulatory Authority of India (TRAI) related to quality-of-service parameters. The company said the order concerned its failure to meet prescribed benchmarks across various service areas for November 2025. TRAI has imposed a penalty of Rs 2 lakh.  

Vodafone Idea said it was reviewing the order and assessing the next steps. 

The development followed another TRAI-related disclosure earlier in the week, when the regulator directed Vodafone Idea to pay a fine of ₹2 lakh for failing to meet specified quality-of-service benchmarks across different service areas for October 2025. 

Source

• NSE