Trending Stocks Today, September 7, 2026: PC Jeweller, Vodafone Idea, IFCI, Jindal Worldwide In Focus

Mumbai, September 7: Shares of PC Jeweller, Vodafone Idea, IFCI and Jindal Worldwide were among the most actively traded stocks by volume on the NSE on Monday, with the counters drawing investor attention on company-specific developments. PC Jeweller led the gains, rising 14.42%, while Vodafone Idea advanced 3.20% and IFCI gained 1.89%. Jindal Worldwide, meanwhile, slipped 0.40% after a sharp rally over the previous two sessions. 

PC Jeweller Limited (up 14.42%) 

Shares of PC Jeweller surged on Monday, extending their recent rally after the jewellery retailer announced that it had fully repaid its outstanding borrowings to nine of its 14 consortium lenders, moving closer to its goal of becoming debt-free by the end of September. 

The company said it has now settled all dues with the nine banks ahead of their scheduled repayment dates. It has also repaid more than 96% of its outstanding debt to the remaining five lenders, leaving less than 4% still to be cleared. 

The repayments are part of PC Jeweller’s broader deleveraging programme under a settlement agreement reached with its lenders in September 2024. The company had previously announced that it had cleared dues with eight of its 14 consortium banks, meaning the latest payment takes the number of lenders fully settled to nine. 

Debt reduction has emerged as a key trigger for the stock as investors track the company’s turnaround. Each repayment milestone has strengthened expectations that PC Jeweller could soon eliminate its bank debt, potentially easing interest and debt-servicing costs while improving the company’s overall financial position. 

The company has maintained that becoming debt-free would significantly strengthen its balance sheet and provide greater financial flexibility. With more than 96% of the dues to the remaining five banks already repaid, the company is now within striking distance of completing the process. 

The stock’s recent gains have also coincided with an improvement in PC Jeweller’s operating performance, adding to investor optimism around its recovery. The focus will now shift to the final repayments and the company’s confirmation that all outstanding bank debt has been extinguished. 

For investors, full debt-free status remains the next major trigger. Until that milestone is reached, the stock is likely to remain sensitive to further repayment announcements and developments related to the company’s balance-sheet turnaround. 

Vodafone Idea Limited (up 3.20%) 

Shares of Vodafone Idea gained on Monday, extending the previous session’s rise as investors continued to respond to the telecom operator’s latest branding overhaul. 

As part of the revamp, the company has roped in Bollywood star Shah Rukh Khan as the face of its upcoming advertising campaign, seeking to give the brand a stronger consumer connect and a more contemporary positioning. 

The new brand identity began rolling out from September 1 across Vi’s digital channels, retail stores and other customer-facing platforms. The exercise marks an attempt by the telecom operator to refresh its market image and build stronger engagement with consumers as it works to sharpen its competitive positioning. 

The campaign and wider identity refresh are aimed at communicating a renewed phase for Vi, with the company looking to strengthen brand visibility and reconnect with customers through a more unified presence across its consumer touchpoints. 

IFCI Limited (up 1.89%) 

Shares of IFCI rose on Monday after the Securities and Exchange Board of India (SEBI) approved the much-awaited initial public offering of the National Stock Exchange (NSE), removing a key regulatory hurdle for the exchange’s proposed listing. 

IFCI extended its Friday rally as investors continued to assess the potential benefits of the NSE IPO for the state-owned financial institution. IFCI has an indirect exposure to NSE through its controlling stake in Stock Holding Corporation of India (SHCIL), which owns more than 4% of NSE. 

SEBI approved NSE’s draft offer document on Friday. The proposed IPO is expected to raise around ₹30,000 crore and will consist of an offer for sale of up to 14.89 crore equity shares. 

While NSE has yet to announce the IPO’s price band or official issue dates, market participants expect the offering to hit the market around September 18, with a potential listing around September 25. 

The IPO has been closely watched by investors because it could unlock significant value for NSE’s existing shareholders. For IFCI, its indirect holding through SHCIL makes developments around the exchange’s listing particularly relevant to the stock. 

The latest rally has added to an extraordinary run for IFCI shares. The stock has gained more than 100% so far in 2026, while it has risen over 43% in the past month and more than 18% in the past week. 

Over a longer period, IFCI has delivered even stronger returns, gaining more than 500% in three years and around 850% in five years. Its market capitalisation is around ₹28,700 crore. 

The stock’s sharp gains have been driven partly by growing optimism around the value that could emerge from NSE’s eventual listing, although the broader rally also reflects changing investor sentiment towards IFCI. 

The next major trigger for IFCI could be the valuation assigned to NSE in its IPO. The exchange’s pricing will determine how much value investors ultimately attribute to its business and, by extension, could influence market expectations around companies with exposure to NSE. 

For IFCI, the NSE IPO therefore remains a key near-term catalyst. Investors will now watch the exchange’s IPO pricing, issue timeline and eventual listing closely as the market assesses the potential value of IFCI’s indirect NSE exposure. 

Jindal Worldwide Limited (down 0.40%) 

Jindal Worldwide shares slipped after two consecutive sessions of sharp gains, as investors booked profits in the stock. The company has recently drawn attention following developments at its electric-vehicle subsidiary, Jindal Mobilitric. 

Jindal Mobilitric plans to build a pan-India retail presence of around 100 electric-scooter showrooms by FY28, with the subsidiary targeting 40 outlets by FY27. Separately, Jindal Worldwide has reappointed Amit Yamunadutt Agarwal as Managing Director for another three-year term. 

Source

• NSE