Trending Stocks Today, September 8, 2026: PC Jeweller, IFCI, Vodafone Idea, Utkarsh SFB Among Stocks In Focus

Mumbai, September 8: Shares of PC Jeweller, Vodafone Idea, IFCI and Utkarsh Small Finance Bank were among the most actively traded stocks by volume on the NSE on Tuesday, with sharp moves in several counters. PC Jeweller and IFCI declined after strong recent rallies, while Utkarsh Small Finance Bank gained nearly 5% following reports of a key CFO appointment. Vodafone Idea also traded lower as investors weighed concerns over its spectrum-related payment obligations and funding requirements. 

PC Jeweller Limited (down 2.80%) 

Shares of PC Jeweller declined on Tuesday as investors booked profits following a sharp 37% rally over the previous three trading sessions. Despite the pullback, the jewellery stock has delivered strong gains over a longer period, rising around 388% in three years. 

The latest decline came after a strong run that pushed the stock sharply higher in recent sessions. PC Jeweller shares had rallied amid investor optimism over the company’s progress towards becoming debt-free, with the jeweller having cleared outstanding debt with nine of its 14 consortium banks and repaid more than 96% of the dues owed to the remaining lenders. The company expects to clear the balance during September. 

The stock’s recent gains have added significantly to its 2026 performance. PC Jeweller shares are still up around 31% over the past week and 45% so far this year, despite Tuesday’s decline. Over three years, the stock has gained nearly 388%, while its five-year return stands at more than 424%, according to market data. 

The company’s improving balance sheet and progress on debt reduction have been key factors supporting sentiment around the stock. 

The sharp three-day advance has left the stock vulnerable to profit-taking, even as investors continue to track its debt-reduction efforts and operating performance. 

With the stock still trading substantially above its levels of a year and three years ago, market participants will be watching whether the recent correction develops into a broader consolidation or merely represents a pause after the sharp rally. 

Vodafone Idea Limited (down 0.83%) 

Shares of Vodafone Idea declined on Tuesday as brokerages flagged the telecom company’s upcoming spectrum-related payment obligations as a key overhang. They see downside risk to the stock, citing funding requirements and uncertainty around the company’s ability to meet its future liabilities. 

The concerns come as Vodafone Idea continues to work on strengthening its balance sheet and raising funds to support network expansion. While recent government measures and the company’s turnaround plans have improved investor sentiment, the brokerages remain cautious about the financial burden from spectrum payments and the need for additional capital. 

The stock has rallied sharply over the past year, making the latest decline partly a profit-taking move after its strong run. Vodafone Idea’s funding requirements remain a key factor for investors, particularly as the company seeks to compete with larger rivals Reliance Jio and Bharti Airtel while investing in its network. 

The telecom operator received some positive news on Monday after the Supreme Court dismissed the government’s appeal seeking to revive a Rs 363 crore GST demand linked to the sale of Vodafone Mobile Services’ tower assets. However, the relief has done little to offset concerns over its longer-term funding and spectrum-payment obligations. 

IFCI Limited (down 8.14%) 

Shares of IFCI fell sharply on Tuesday after a recent rally fuelled by expectations around the proposed IPO of the National Stock Exchange. 

The selloff followed a near-30% surge in IFCI shares over a month, with the stock having climbed sharply amid growing investor interest in companies with exposure to NSE. IFCI’s indirect connection to the exchange comes through Stock Holding Corporation of India, in which it holds a controlling stake. SHCIL, in turn, owns 4.4% of NSE. 

The proposed NSE IPO has therefore emerged as a key sentiment driver for IFCI, with investors betting that the exchange’s eventual listing could unlock the value of holdings across its shareholder base. NSE is preparing for a long-awaited public listing after receiving regulatory clearance, with the IPO expected to be one of India’s largest. 

Tuesday’s decline comes as investors booked profits following the sharp run-up, highlighting the stock’s heightened sensitivity to NSE IPO-related developments. 

Utkarsh Small Finance Bank Limited (up 4.79%) 

Shares of Utkarsh Small Finance Bank rose on Tuesday after reports that the lender is set to appoint Manmohan Shetty as its new Chief Financial Officer, subject to board approval. The bank’s board is scheduled to meet on September 19 to consider the appointment.  

Shetty, a chartered accountant with more than two decades of experience in banking and financial services, was most recently CFO of IREP Credit Capital, now Viksit Capital. He previously spent nearly nine years at Barclays, where he served as Vice President–Finance and CFO of Barclays Investments & Loans India.  

The appointment comes after Sarju Kumar Pravin Simaria moved to a Whole-time Director role in June, relinquishing his CFO responsibilities effective June 20. 

Source

• NSE