Mumbai, June 30: Ola Electric Mobility, Vodafone Idea, Vedanta Iron & Steel and Yes Bank emerged as the most actively traded stocks by volume on the NSE on Tuesday, with company-specific developments driving investor interest. Ola Electric surged after the Delhi government unveiled its new EV Policy 2.0, while Vedanta Iron & Steel extended its record rally following the Vedanta Group’s demerger. Vodafone Idea remained in focus on expectations of passive inflows and improving subscriber additions, whereas Yes Bank declined after announcing plans to raise up to ₹16,000 crore through equity and debt. Here’s what drove the action in the day’s most traded stocks.
Ola Electric Mobility Limited (up 10.03%)
Ola Electric Mobility share price jumped on Tuesday after the Delhi government approved its new EV Policy 2.0, which offers subsidies for electric two-wheelers and waives road tax and registration charges on eligible electric cars with an ex-showroom price of up to Rs 30 lakh. Investors cheered the policy’s potential to accelerate EV adoption, with the incentives expected to benefit electric two-wheeler makers such as Ola Electric and Ather Energy.
Under the policy, buyers of electric two-wheelers will receive subsidies of ₹30,000 in the first year, ₹20,000 in the second year and ₹10,000 in the third year. The policy also mandates that only electric autorickshaws will be registered in Delhi from January 1, 2027, while registrations of new petrol and CNG two-wheelers will be phased out from April 1, 2028, further boosting the long-term outlook for EV manufacturers.
Vodafone Idea Limited (up 0.35%)
Vodafone Idea shares edged higher on Tuesday after climbing more than 2% in the previous session, aided by the latest Nifty indices rebalancing during the final 30 minutes of trade. The stock also drew support from improving operating metrics, with the telecom operator reporting a fourth straight month of net subscriber additions.
According to data released by the Telecom Regulatory Authority of India (TRAI) for May, Vodafone Idea added 1.21 lakh wireless subscribers during the month, more than double the 53,257 users it gained in April, indicating a gradual improvement in its subscriber momentum.
Vedanta Iron and Steel Limited (up 7.31%)
Vedanta Iron & Steel shares surged on Tuesday, extending their winning streak to an 11th straight trading session and taking their gains to more than 70% since listing earlier this month. The stock hit a fresh record high as investors continued to lap up shares of the newly demerged Vedanta Group company, making it one of the best-performing recent listings on Dalal Street.
The sharp rally comes amid sustained buying interest following the completion of Vedanta Ltd’s demerger process, with investors assigning a premium to the company’s pure-play iron and steel business. Analysts have attributed the strong momentum to optimism over value unlocking from the restructuring, improved visibility into the standalone business and a relatively limited free float, which has amplified buying pressure in the stock.
Yes Bank Limited (down 2.55%)
Yes Bank share price slid on Tuesday after the lender’s board approved plans to raise up to ₹16,000 crore ($1.7 billion) through a mix of equity and debt instruments. The fundraise includes up to ₹7,500 crore via equity and ₹8,500 crore through debt, with the bank capping equity dilution at 10% of its pre-issue paid-up share capital. The proposed capital raise is subject to shareholder and regulatory approvals.
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