Trending Stocks Today, June 4, 2026: Vodafone Idea, Ola Electric, GTL Infra Among Most Traded NSE Stocks; Telecom Names Dominate Volume Charts

Mumbai, June 4: Vodafone Idea, Ola Electric Mobility, GTL Infrastructure and IFCI emerged among the most actively traded stocks by volume on the NSE on Thursday, reflecting strong retail and trader interest in turnaround, fundraising and momentum-driven themes. While Vodafone Idea extended its recent rally to trade above the ₹15 mark for the first time in nearly 21 months, GTL Infrastructure continued to attract buyers after its return to profitability. Ola Electric witnessed some profit booking following a sharp rebound in recent weeks, while IFCI remained in focus after hitting a 21-month high amid optimism surrounding its indirect exposure to the National Stock Exchange’s proposed IPO. According to NSE data, these stocks accounted for some of the highest trading volumes during the session, underscoring sustained investor interest despite broader market volatility. 

 Vodafone Idea Limited (up 1.35%)  

Vodafone Idea share price surged to the ₹15 level for the first time in nearly 21 months, extending a sharp rally driven by improving sentiment around the telecom operator’s financial outlook and fundraising prospects. The stock has gained momentum in recent sessions after hitting successive 52-week highs, significantly outperforming the broader market.  

Investor confidence has been boosted by recent rating upgrades, the removal of Citi’s “high-risk” tag on the stock, and expectations of relief on adjusted gross revenue (AGR) liabilities. Citi recently raised its target price to ₹17, implying further upside from current levels, while analysts at Ambit Capital have a target price of ₹17.6 and believe stronger promoter support and progress on debt fundraising could aid the company’s turnaround.  

According to technical analysts quoted by reports, the stock’s breakout above the ₹15 level could pave the way for a move toward ₹20 in the medium term if momentum sustains. The rally has also been supported by improving operational metrics, moderation in subscriber churn and expectations of stronger cash flows as network investments begin to yield results.  

Ola Electric Mobility Limited (down 0.41%) 

Ola Electric Mobility share price has been on an upward trajectory since the company announced a qualified institutional placement (QIP) on June 1 to raise up to ₹500 crore. The stock, however, edged lower in today’s session, likely due to profit booking after the recent rally. Despite the pullback, investor sentiment toward the electric two-wheeler maker has improved considerably in recent weeks amid signs of operational improvement and growing confidence in its path toward profitability. 

The company’s March-quarter earnings indicated stabilising business fundamentals. Investors were encouraged by improved gross margins, lower cash burn and the company’s first quarter of positive operating cash flow. Management’s outlook for a strong sequential increase in vehicle deliveries in the ongoing quarter, supported by improving demand trends, further reinforced optimism. 

Market sentiment has also been aided by expectations that Ola Electric can strengthen its position in the electric two-wheeler segment after navigating a challenging phase marked by intense competition and regulatory scrutiny. Higher vehicle registrations, efforts to streamline inventory and supply chains, and progress in its battery cell manufacturing initiative have added to the positive narrative surrounding the stock. 

Additionally, investors have responded favourably to the company’s emphasis on localisation, cost rationalisation and expansion of its service network. These initiatives are expected to improve customer experience while supporting margins over the long term. After witnessing a sharp correction since its listing, the stock’s recent rebound reflects growing belief that better execution, improving operational efficiency and a recovery in volumes could underpin a gradual turnaround in the business. 

 GTL Infrastructure Limited (up 6.76%)  

GTL Infrastructure share price surged in Thursday’s trade, extending its rally. The telecom tower company’s stock has gained about 17% over the past week and nearly 30% in the last month, driven by renewed investor interest following its March-quarter earnings. 

The momentum in the stock gathered pace after GTL Infrastructure reported a sharp turnaround in profitability on May 12. The company posted a net profit of ₹1,185.6 crore for the quarter ended March 2026, compared with a net loss of ₹249 crore in the corresponding period last year. While revenue slipped nearly 2% year-on-year to ₹330 crore, investors largely looked past the decline in sales, focusing instead on the significant improvement in the bottom line and the company’s return to profitability. 

 IFCI Limited (up 0.66%)  

State-owned financial institution IFCI share price extended its rise today after surging as much as 14% to hit a 21-month high yesterday, even as the broader market remained under pressure. The stock has rallied nearly 35% in the past seven trading sessions and has soared about 71% since April, reflecting strong investor interest.  

Market participants have been betting on the value of IFCI’s indirect stake in the National Stock Exchange (NSE), particularly after progress toward the exchange’s long-awaited initial public offering (IPO).  

Sentiment has also been aided by the company’s latest quarterly performance. For the March quarter, IFCI reported revenue growth of about 13% year-on-year. Profit declined.  

The stock’s breakout to multi-month highs has further attracted momentum traders, with strong volumes and positive technical indicators helping fuel the recent surge.