Even as benchmark indices remained subdued on June 2, 2025, select stocks on the NSE saw remarkable action, driven by company-specific developments. From earnings surprises to corporate restructuring plans, these triggers drove massive trading volumes in several counters. Here’s a look at the top 10 most active stocks by volume and the key factors behind their moves.
NSE’s Most Active Stocks (June 2, 2025)
| Stock | LTP (Rs ) | per cent Change | Volume (shares) |
|---|---|---|---|
| Reliance Power Ltd | 59 | -2.0 per cent | 30.0 crore |
| Vodafone Idea Ltd | 7 | +2.0 per cent | 12.0 crore |
| Suzlon Energy Ltd | 80 | -1.0 per cent | 8.0 crore |
| Yes Bank Ltd | 17.5 | +1.0 per cent | 18.0 crore |
| FSN E-Commerce Ventures (Nykaa) | 202 | -1.0 per cent | 3.0 crore |
| MMTC Ltd | 87 | +5.0 per cent | 4.0 crore |
| IFCI Ltd | 66 | -1.5 per cent | 8.0 crore |
| IRCON International Ltd | 194 | +2.5 per cent | 1.5 crore |
| Indian Overseas Bank (IOB) | 40 | +0.5 per cent | 2.2 crore |
| Gujarat Pipavav Port Ltd | 158 | +1.0 per cent | 1.1 crore |
(As of market open, June 2, 2025)
Key Drivers Behind the Volume Surge
1. Reliance Power :
After swinging to a net profit of Rs 126 crore in Q4 FY25 (vs. a loss last year), Reliance Power surged to a 52-week high last week. Despite mild profit booking on June 2, trading remained frenzied amid renewed investor optimism over the company’s turnaround and debt reduction.
2. Vodafone Idea :
A narrowed Q4 loss of Rs 7,166 crore, along with plans to raise Rs 20,000 crore, kept traders engaged. Hopes around AGR relief and fresh funding support speculative bets, despite weak financials.
3. Suzlon Energy :
The wind energy firm’s blockbuster earnings – 365 per cent YoY net profit growth – stoked continued interest. Although the stock cooled off after a prior rally, high volumes indicated rotation into the renewable energy theme.
4. Yes Bank :
Solid FY25 profit growth (+92 per cent YoY), falling NPAs, and buzz around SMBC’s potential stake reinforced long-term bullishness. High volumes showed accumulation by both traders and institutions.
5. FSN E-Commerce Ventures (Nykaa) :
Nykaa reported a 193 per cent year-over-year (YoY) rise in Q4 profit. However, BNP Paribas offloaded 2.48 crore shares via a block deal, creating downward pressure but ensuring elevated turnover.
6. MMTC :
Despite weak results, the stock rallied 5 per cent on June 2, driven by speculation about disinvestment. A possible strategic sale and a rare Q4 profit continue to drive high-volume interest.
7. IFCI :
This PSU financier saw robust trading after a Q4 profit of Rs 260 crore and improving fundamentals. Investor focus also remains on its historic NSE stake, which could be monetised in a potential IPO.
8. IRCON International :
Shares jumped after winning a Rs 1,068 crore EPC rail bridge contract over the Ganga. With a healthy order book and recent wins, IRCON attracted strong interest from infrastructure-focused investors.
9. Indian Overseas Bank (IOB) :
A 30 per cent YoY jump in Q4 profit and potential privatisation made IOB a hot PSU banking play. Volumes stayed strong despite a flat price close.
10. Gujarat Pipavav Port :
The port operator saw volume spikes amid positive sentiment in the logistics space. While no firm news broke, speculation around stake sales and sector optimism lifted activity.
What does this mean for investors?
These high-volume counters show how company-specific narratives can command market attention, even when indices underperform. While names like Suzlon, Yes Bank, and IRCON are backed by strong earnings and contracts, others, such as MMTC and Vodafone Idea, are more speculative plays.
Market participants should remain alert:
- Strong fundamentals tend to sustain rallies (e.g., Suzlon, Yes Bank).
- Buzz-driven surges (like those of MMTC or IFCI) may offer quick gains but carry a higher risk.
As corporate announcements continue to flow in the post-earnings period, these stocks are likely to remain on traders' and investors' watchlists. However, with heightened interest comes increased volatility, so aligning your positions with your risk appetite is crucial.
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Disclaimer: This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a grain of salt and conduct your own research or consult a financial advisor before making any investment decisions.
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