Buzzing Stocks: Coforge falls 5% on chairperson resignation; Raymond slips 8% on fundraising plans

According to fresh market updates, Stock-specific activity is likely to stay in focus on Dalal Street on September 9, following a slew of corporate developments..

Fermenta Biotech stock price further noted 4% on signing exclusive licence agreement with Vellore Institute of Technology (VIT), Vellore, for the commercialisation of a technology for natural in-situ vitamin B12 fortification in fermented foods.

Coforge stock price declined 5% after firm's chairperson and non-executive independent director O P Bhatt resigned with immediate effect. The board designated Vivek Sharma, non-executive independent director, as interim chairperson of the firm till January 31, 2027.

Shares of Laxmi Organic Industries declined 1.5% after its  Managing Director and Chief Executive Officer (MD & CEO) Rajan Venkatesh resigned, effective November 13, 2026, to pursue opportunities outside the firm. The Board has appointed Harshvardhan Goenka, at present the Executive Director of the firm, as MD & CEO for a period of five years, effective November 14, 2026.

Raymond stock price shed 8% after board approved the raising of funds through the issuance of 33.29 lakh convertible warrants for cash at an offering price of Rs 645 per warrant, amounting to Rs 214.71 crore, by way of a preferential allotment on a private placement basis to Minerva Ventures Fund.

Market participants are anticipated to stay focused on brokerage calls, block deals, order wins, regulatory developments and other firm-specific triggers that could drive stock-level volatility during the session.