Trending Stocks Today, September 29, 2026: Vodafone Idea, PC Jeweller, Syncom Formulations, Hero Motors in Focus

Mumbai, September 29: Shares of Vodafone Idea, PC Jeweller, Syncom Formulations and Hero Motors were the most actively traded stocks by volume on the NSE on Tuesday, with investors tracking company-specific developments and recent price movements. Vodafone Idea and PC Jeweller traded lower, while Syncom Formulations and Hero Motors advanced during the session. 

Vodafone Idea Limited (down 0.82%)  

Vodafone Idea shares gained in early trade on Tuesday before coming under profit booking, after TRAI data showed the telecom operator added over 5 lakh mobile subscribers in August, extending its subscriber growth streak since February. Vi’s mobile 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 stock had fallen on Monday after a global brokerage assessed Vodafone Idea’s new free international roaming offering across prepaid, postpaid and enterprise plans. Vi has made free international roaming a standard benefit, with postpaid plans starting at Rs 501, annual prepaid unlimited-data plans and corporate plans starting at Rs 451. 

The brokerage said the differentiated offering could help Vodafone Idea attract premium subscribers from Bharti Airtel and Reliance Jio, while encouraging existing prepaid users to shift to annual plans. This, it said, could help lower subscriber churn and improve working capital. 

The brokerage retained a ‘Neutral’ rating on Vodafone Idea, citing its valuation premium over Bharti Airtel and stretched cash-flow position. It expects Vi’s EBITDA to grow at a slightly higher 15% CAGR from a lower base, supported by improving operating metrics. 

According to the brokerage, the strategy appears geared more towards subscriber acquisition and retention, even if this comes at the expense of some average revenue per user (ARPU). It also noted that international roaming currently accounts for only a small share of telecom revenues, limiting its near-term impact on the company’s overall revenue. 

PC Jeweller Limited (down 0.52%) 

PC Jeweller shares extended their decline from Monday after the jewellery retailer announced on Friday that it had become completely debt-free by clearing outstanding dues to all 14 consortium banks ahead of their scheduled repayment dates. The stock has gained around 44% so far in 2026. 

PC Jeweller had entered into a one-time settlement with the 14-bank consortium in September 2024 to resolve its outstanding borrowings. The lenders included State Bank of India, Union Bank of India, Punjab National Bank, Axis Bank, IndusInd Bank, Bank of India, IDBI Bank, Karur Vysya Bank, Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank. The company said completing the repayments would materially strengthen its balance sheet and financial position. 

The debt reduction comes amid an improvement in PC Jeweller’s operating performance. The company reported consolidated net profit of Rs 221.88 crore for the June quarter, up 37% year-on-year, while revenue from operations rose 21% to Rs 877 crore. Operating profit after tax, excluding other income, increased sharply to Rs 213 crore from Rs 79 crore in the year-ago period. 

The stock stock has fallen 1% over the past week and risen 23% in the last month, while its three-year and five-year returns stand at around 400%. 

Syncom Formulations (India) Limited (up 13.56%) 

Syncom Formulations shares continued to rise on Tuesday after the company disclosed over the weekend that its promoters and promoter group had voluntarily waived their entitlement to the proposed FY26 final dividend. The promoters and promoter group hold 47.53 crore shares in the company, and their waiver of the Rs 0.10 per-share dividend would save about Rs 4.75 crore in dividend payout, subject to shareholder approval. 

The company had recommended a final dividend of Rs 0.10 per equity share of face value Rs 1 for the financial year ended March 31, 2026. With 94 crore shares outstanding, the total proposed dividend amounts to Rs 9.40 crore. Following the promoters’ waiver, the net dividend payable would fall to around Rs 4.65 crore if the payout is approved by shareholders. 

Syncom Formulations said it had received written and unconditional declarations from promoter and promoter-group shareholders to forgo the dividend on their holdings. The company added that the waiver was voluntary, unconditional and did not involve any consideration or benefit payable by the company in return. 

The disclosure came ahead of the company’s annual general meeting, where shareholders are scheduled to consider the final dividend. 

Hero Motors Limited (up 2.24%) 

Hero Motors shares gained on Tuesday, recovering after a volatile session a day earlier in which the stock swung between its 10% upper and lower circuits before ending in the red. The movement came after a sharp post-listing rally. Hero Motors had debuted at a discount to its IPO price of Rs 84 on September 23, but reversed course soon after and rallied sharply over the following sessions. 

The company raised Rs 1,000 crore through its IPO, comprising a fresh issue of Rs 600 crore and an offer-for-sale component of Rs 400 crore. Of the fresh issue proceeds, Hero Motors plans to use Rs 190 crore to repay or prepay borrowings, while another Rs 200 crore has been earmarked for purchasing equipment for capacity expansion at its Gautam Buddha Nagar facility in Uttar Pradesh. 

The remaining IPO proceeds will be used to support inorganic growth, strategic initiatives and general corporate purposes. 

Source

• NSE