Stock Market Today: All You Need To Know Before Going Into Trade On Sept. 10

Pharma Companies: The GST rate on cancer drugs, namely Trastuzumab, Deruxtecan, Osimertinib, and Durvalumab, will be reduced from 12% to 5%. Abbott India, Zydus Lifesciences, Alkem Laboratories, Cipla, Biocon, and AstraZeneca Pharma India are the stocks likely to be impacted.

Snack-making companies: The GST rate for extruded or expanded savoury snacks will be reduced from 18% to 12%. Prataap Snacks, Bikaji Foods International, and Gopal Snacks will likely be impacted.

Bharat Seats: The GST rate for car seats will increase from 18% to 28%. The company will be impacted by this move.

PNB Housing Finance: The board has approved the issuance of non-convertible debentures up to Rs 2,500 crore on a private placement basis, in tranches over the next six months.

Ahluwalia Contracts: The company has received two contracts worth Rs 1,307 crore from SignatureGlobal for housing projects in Gurugram.

Easy Trip Planners: The board of directors of the company is scheduled to meet on Sept. 13 to consider the proposal for multiple acquisitions.

Piccadily Agro Industries: The company has allotted 28.49 lakh compulsory convertible debentures. The company has also allotted 6.72 lakh convertible warrants at an issue price of Rs. 744 each.

Paisalo Digital: The company's board will meet on Sept. 12 to consider the issuance of listed commercial papers through a private placement basis and allotment of commercial papers through a private placement basis. 

Hindustan Aeronautics: The Ministry of Defence has signed a Rs 26,000 crore contract with HAL for 240 AL-31FP Aero Engines for Su-30MKI aircraft.

GMR Airports: The company will acquire a 10% stake in Delhi International Airport from Fraport AG for $126 million. The company's stake in the airport will increase to 74%.

Awfis Space Solutions: The company is selling its Facility Management division, ‘Awfis Care,’ to SMS Integrated Facility Services Private Ltd. for a total consideration of Rs 27.50 crore.

Action Construction: The company has received an order for 99 forklifts from the Defence Ministry.

BF Utilities: Toll operations of the company's arm, Nandi Highway Developers, ceased with effect from Sept. 7.

Hero MotoCorp: Ather Energy Ltd., an associate company of the company, has filed a draft red hearing prospectus with SEBI, BSE, and NSE Ltd. The IPO will consist of a fresh issue of equity shares aggregating up to Rs 3,100 crore along with an offer for sale of 2.20 crore equity shares by certain existing and eligible shareholders of Ather Energy.

IRB Infra Developers: The company's August toll collection was up 20% year-on-year at Rs 503 crore.

Arvind: The company has made a further investment of Rs 48 crores by way of subscribing to equity shares of its wholly owned subsidiary, Arvind Technical Products Pvt Ltd., on a rights basis.

Dixon Technologies: The company has signed a MoU with HP India Sales for manufacturing notebooks, desktops, and all-in-one PCs.

HG Infra Engineering: The company gets a letter of approval for a road project worth Rs 781 crore from the Transport Ministry.

Premier Energies: The company has received an order worth Rs 215 crore for solar water pumping systems from the Uttar Pradesh Agriculture Department.

Tata Power: TP Solar Ltd., a step-down subsidiary of the company, has commenced production of 2 GW of solar cells at its manufacturing facility in Tamil Nadu's Tirunelveli district.

Religare Enterprises: Mumbai Police registers an FIR against three senior officials, including Executive Chairperson Rashmi Saluja, based on an ED complaint. FIR also mentions Group CFO Nitin Aggarwal and Group General Counsel Nishant Singhal. The FIR was filed alleging offences under sections 420 and 120B of IPC and the concerned officials have denied the allegations made in the FIR. Financial impact on the company is not quantifiable at this stage.

Aarti Drugs: Buyback worth Rs 60 crore to open on Sept. 11 and close on Sept. 18.

Mastek: SMALLCAP World Fund Inc. has sold a 5.9% stake in Mastek Ltd., thereby reducing its holding in the company to 1.8%.

IREDA: The company signs an MoU with SJVN and GMR for a 900 MW hydropower project in Nepal.

Sona BLW: The company raises Rs 2,400 crore via QIP and allots 3.5 crore shares to QIBs at an issue price of Rs 690 per share.

Brigade Enterprises: Unknown persons have circulated letters to the general public by copying or imitating the letterhead of the company. These letters relate to buying opportunities of the company’s equity shares at a discount through a third party.

AU Small Finance Bank: India Ratings and Research Private has reaffirmed the rating of IND AA/Stable for the long-term debt instruments (Tier-II Bonds) of the bank. The bank has entered into a corporate agency agreement with Kotak Mahindra Life Insurance Company Ltd. to provide life insurance solutions to the bank's customers. This tie-up will enable the bank's customers to access a wide range of life insurance products from Kotak Mahindra Life Insurance.

Zaggle Prepaid Ocean Services: The company has agreed with HDFC ERGO General Insurance Company Ltd. for the reward platform 'Zaggle Propel'.

Lemon Tree Hotels: The company has signed a new property in Nashik through its subsidiary Carnation Hotels Private. The property will open in the financial year 2026.

Kalpataru Projects: The allotment of equity shares of Kalpataru Power Do Brasil Participacoes S.A., Brazil, a wholly owned subsidiary of the company, pursuant to the conversion of the outstanding loan granted to KPBPSA.