Trending Stocks Today, May 29, 2026: Vodafone Idea Retakes Top Traded Stock Crown; PC Jeweller, Ola Electric Rally On Earnings Optimism

Mumbai, May 29: Vodafone Idea reclaimed its position as the most actively traded stock on the NSE by volume on Friday, overtaking Jaiprakash Power Ventures after briefly losing the crown in the previous session. Jaiprakash Power slipped amid profit booking even as buying interest remained strong in PC Jeweller and Ola Electric Mobility, with investors cheering earnings. Shares of Jaiprakash Power continued to remain in focus after Adani Power’s proposed stake acquisition deal, while Vodafone Idea attracted attention amid the ongoing debate around net neutrality and premium 5G-based internet services.

Vodafone Idea Limited (down 1.62%)

Vodafone Idea share price has reclaimed the crown of the most traded stock after briefly ceding the long-held position in the previous session to Jaiprakash Power Ventures. Shares of the telecom operator declined on Thursday after India’s third-largest carrier called for the creation of an equitable internet ecosystem that keeps consumer interest at the forefront, while cautioning against preferential services for a select set of users an apparent reference to the priority postpaid plans powered by 5G slicing offered by Bharti Airtel. 

The Aditya Birla Group-backed telecom company has stepped into the ongoing debate over whether such plans violate net neutrality norms, though it stopped short of naming rival Airtel directly. Vodafone Idea remains the only telecom operator so far to have officially weighed in on concerns that prioritisation-based offerings could create a differential internet experience between postpaid and prepaid users. 

That said, the telecom operator has seen improving subscriber additions and sustained investor optimism around its fundraising plans in the recent past. 

The stock has witnessed strong momentum in recent weeks amid hopes of balance sheet strengthening, easing concerns around dues-related liabilities, and expectations surrounding its ongoing network expansion initiatives. 

Jaiprakash Power Ventures Limited (down 2.75%) 

Jaiprakash Power Ventures share price surged in early trade, extending its sharp rally before slipping into the red and surrendering the crown of the most traded stock back to Vodafone Idea, a position it had wrested in the previous session. 

Investor sentiment around the stock has remained upbeat since last week, when Adani Power signed definitive agreements to acquire a 24% stake in the company along with the Churk power assets from Jaiprakash Associates in a deal valued at over ₹4,193 crore. 

The transaction was seen as a significant milestone in Jaiprakash Associates’ ongoing debt resolution process and a strong endorsement of Jaiprakash Power’s underlying asset value amid continued consolidation in the thermal power sector. The deal is also expected to bolster Adani Power’s generation capacity and strengthen its footprint in Uttar Pradesh. 

PC Jeweller Limited (up 7.93%)

PC Jeweller share price surged as much as 14% after the jewellery retailer reported a sharp rise in quarterly earnings, supported by higher income and improving operational performance. The company posted a 61% year-on-year jump in consolidated net profit to ₹152.89 crore for the March quarter, while total income rose to ₹946.26 crore from ₹700.10 crore a year ago.

Investor sentiment was also buoyed by the company’s continued efforts to deleverage its balance sheet.

Ola Electric Mobility Limited (up 6.86%)

Ola Electric Mobility share price extended its recovery rally as investors turned optimistic on the electric two-wheeler maker’s improving operational metrics and management commentary around demand recovery and profitability. The stock has seen renewed buying interest in recent sessions after the company’s March quarter earnings pointed to stabilising business trends.

Investor sentiment was buoyed by signs of improving financial discipline, with the company reporting expanding gross margins, lower cash burn and its first operating cash flow-positive quarter. Management also guided for a sharp sequential jump in deliveries for the ongoing quarter, aided by stronger demand.

The recovery in the stock has also been driven by expectations that Ola Electric may gradually regain momentum in the electric scooter market after facing intense competition and regulatory scrutiny in recent months. Improving registration trends, efforts to streamline inventory and supply chains, and optimism surrounding its battery cell manufacturing ambitions further supported sentiment.

Market participants also viewed the company’s focus on localisation, cost optimisation and scaling up its service network as key positives that could help improve margins over the medium term. The rebound in the stock comes after a prolonged correction since listing, with investors now betting that operational execution and volume recovery could support a gradual turnaround in the business outlook.

Source:

• NSE