Indian equity benchmark indices concluded Friday's trading session higher, buoyed by a relief rally stemming from eased expectations of rate hikes. However, persistent geopolitical tensions limited further gains, prompting investors to book profits. The BSE Sensex advanced 362.57 points, or 0.48 per cent, closing at 76,515.43, while the NSE's Nifty50 added 24.25 points, or 0.10 per cent, to finish at 23,897.70.
Ahead of the opening bell on Monday, September 7, 2026, several stocks are expected to remain in the spotlight due to significant corporate developments:
Corporate Actions & Market Debuts
- Purple Style Labs: The parent company of the luxury fashion store Pernia’s Pop-Up Shop (PPUS) is slated to make its stock market debut today. The company successfully raised Rs 680 crore between August 31 and September 2, issuing shares at Rs 575 apiece with a lot size of 26 equity shares. The initial public offering was subscribed 1.29 times, attracting 64,000 applications.
- Ex-Dividend & Spin-off: Shares of GeeCee Ventures, Texmaco Infrastructure & Holdings, and Transpek Industry will trade ex-dividend today. Additionally, HEG shares will trade ex-date for its announced spin-off.
Key Company Updates
JSW Steel
The metal giant reported a 3 per cent year-on-year increase in its consolidated crude steel production, reaching 24.65 lakh tonnes in August 2026. India's crude steel production alone rose 4 per cent year-on-year to 23.87 lakh tonnes. However, JSW Steel USA Ohio's crude steel production saw an 11 per cent year-on-year decline to 0.78 lakh tonnes. Capacity utilization for Indian operations stood at 88 per cent for the month.
Tata Motors Commercial Vehicles (TMCV)
TML CV Holdings BV, a subsidiary of the homegrown automaker, has initiated a voluntary tender offer for all issued common shares of Iveco Group. The offer is priced at EUR 14.1 (cum dividend) per common share in cash, valuing Iveco Group at EUR 3.82 billion. The tender offer commenced on September 7 and will remain open until October 26, 2026.
Mazagon Dock Shipbuilders
The state-run defence player has secured a purchase order worth Rs 118 crore from Maharashtra State Electricity Transmission Co. (MSETCL). The contract involves the supply, installation, and commissioning of an AI-based comprehensive infosecure project for five substations.
Rail Vikas Nigam (RVNL)
RVNL, the state-run railway infrastructure company, has received a letter of award (LoA) from SJVN Thermal. The Rs 903 crore order is for the construction of a permanent siding, including an aerial track connection from the plant boundary to Chausa and Pawani Kamarpur in Buxar, Bihar, as part of Phase III of the 1,320 MW Buxar Thermal Power Project (BTPP).
Lupin
The pharmaceutical company has obtained approval from the USFDA for its Modafinil Tablets USP, available in 100 mg and 200 mg strengths. These tablets are bioequivalent to Provigil Tablets, the reference listed drug by Nuvo Pharmaceuticals (Ireland) DAC. Modafinil is prescribed to enhance wakefulness in adults experiencing excessive sleepiness due to narcolepsy, obstructive sleep apnea, or shift work disorder.
Molbio Diagnostics
The recently listed healthcare services provider has returned to profitability, reporting a net profit of Rs 58.7 crore in the June 2026 quarter. Its revenue surged more than fourfold to Rs 408.4 crore, while EBITDA also turned positive, reaching Rs 100.58 crore for the reported period.
Lemon Tree Hotels
The hospitality company has signed two new license agreements for properties in Bodhgaya, Bihar: Lemon Tree Hotel and Keys Select by Lemon Tree Hotels. Both properties will be managed by Carnation Hotels, a subsidiary. The Lemon Tree Hotel, Bodhgaya, will feature 75 rooms, while Keys Select by Lemon Tree Hotels, Bodhgaya, will offer 70 rooms.
Other Notable Mentions
- Cohance Lifesciences: An USFDA inspection of its Shamshabad, Telangana formulation plant concluded with the issuance of a Form FDA 483, noting four observations.
- Brigade Enterprises: The real estate developer has launched Brigade Barcelona, a premium residential project spanning 4.04 acres in Neopolis, Hyderabad, with an estimated revenue potential exceeding Rs 2,700 crore.
- Urban Enviro Waste Management: Received a Rs 219 crore order from Akola Municipal Corporation for door-to-door municipal solid waste collection and transportation for five years, with a possible two-year extension.
- Prime Focus: The media company's board has approved a proposal to raise up to Rs 3,000 crore through the issuance of equity shares or debt securities.
- Nava: The high-quality alloys player plans a temporary shutdown of one of its two 60 MW IPP units from September 6 for 55-60 days for routine inspection and maintenance, with no material adverse impact expected on operations.