NSE’s top five most active equities on July 4, 2025 – Vodafone Idea, Emcure Pharmaceuticals, PC Jeweller, Yes Bank, and RattanIndia Power – logged heavy trading volumes amid notable price action. These stocks saw their Last Traded Prices (LTPs) move fueled by factors ranging from massive fundraising plans and stake sales to stellar earnings and speculative rallies. Below, we break down the key data and triggers driving the momentum in these five stocks.
Most Active Equities – Top 5 by Volume (04-Jul-2025)
| Stock (Symbol) | LTP (Rs ) | per cent Change | Volume (Shares) |
| Vodafone Idea (IDEA) | Rs 7.46 | –0.40 per cent | 10,330,093 |
| Emcure Pharmaceuticals | Rs 1,258.20 | –1.69 per cent | 4,816,036 |
| PC Jeweller (PCJEWELLER) | Rs 14.44 | +3.00 per cent | 4,038,799 |
| Yes Bank (YESBANK) | Rs 20.08 | –0.35 per cent | 3,030,131 |
| RattanIndia Power (RTNPOWER) | Rs 14.77 | –0.27 per cent | 2,752,713 |
Vodafone Idea
LTP Rs 7.46 | Change: –0.40 per cent
Vodafone Idea remained the most traded stock on the NSE for the day. Investor interest stayed strong amid expectations of long-term funding support from financial institutions and potential relief in statutory dues. The company has been actively working to raise fresh capital to fund its network expansion and reduce debt pressure. Recent developments like board-approved fundraising, strategic partnerships, and government support measures have kept sentiment afloat. However, volatility persists as the company’s turnaround efforts are still underway.
Emcure Pharmaceuticals
LTP Rs 1,258.20 | Change: –1.69 per cent
Emcure Pharma saw a notable decline despite strong fundamentals, as investors reacted to a large block deal involving institutional stake sale. While this put near-term pressure on the stock, the company continues to report robust earnings growth driven by a solid performance in both domestic and international markets. Although listed only a year ago, the stock has maintained strength above its IPO price, with analysts largely optimistic about its long-term growth trajectory. Heavy volumes indicate that the stake sale may have been absorbed, setting the stage for future moves.
PC Jeweller
LTP Rs 14.44 | Change: +3.00 per cent
PC Jeweller extended its recent uptrend after reporting a sharp year-on-year growth in Q1 revenues. Strong demand for weddings and festivals drove higher sales, and the company also reported further progress in reducing its outstanding debt. After facing financial distress in past years, the jeweller is now on a recovery path with improved operational performance. The stock has delivered multibagger returns over the past five years, although it continues to trade below its recent highs. Momentum and speculative interest remain high, supported by hopes for a turnaround and improved financial discipline.
Value Research Rating: 3/5
- Quality: 3/10
- Valuation: 4/10
- Momentum: 10/10
Yes Bank
LTP Rs 20.08 | Change: –0.35 per cent
Yes Bank remained among the top-volume stocks amid transformative strategic moves. The private lender is in the middle of a major capital raise involving both equity and debt components, which includes a foreign investor acquiring a significant stake. Alongside this, the bank’s fundamentals have been improving – profitability has returned, and asset quality is stabilizing. While the stock dipped slightly for the day, investor focus remains on regulatory clearances and execution of the bank’s long-term growth strategy under new ownership dynamics.
Value Research Rating: 2/5
- Quality: 2/10
- Valuation: 7/10
- Momentum: 4/10
RattanIndia Power
LTP Rs 14.77 | Change: –0.27 per cent
RattanIndia Power continued to see brisk volumes following a sharp rally in late June. The stock has been in focus among momentum traders, especially after hitting a 52-week high recently. The rally, however, has not been supported by any material change in earnings or announcements from the company, suggesting that recent price moves were driven more by speculative activity than fundamental performance. While the company operates large thermal power plants and has a significant asset base, meaningful re-rating will depend on consistent earnings improvements or asset monetisation.
Value Research Rating: 3/5
- Quality: 5/10
- Valuation: 3/10
- Momentum: 5/10
Conclusion
The top movers on July 4, 2025, reflect a mix of strategic deals, earnings surprises, turnaround efforts, and speculative trading. While some stocks, such as PC Jeweller and Yes Bank, are riding on improving fundamentals, others, like Vodafone Idea and RattanIndia Power, remain high-risk bets heavily influenced by market sentiment and external triggers. As always, investors should evaluate each case based on its fundamentals and risk appetite before taking a position.
Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and has been reviewed by human experts for accuracy 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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