Buzzing stocks: Meesho, Clean Max, Lupin, IOC, NBCC, NCL Ind, Zee, Edelweiss, Jujhar Logistics, Ola

According to market buzz, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, is likely to sell a 1 per cent stake in e-commerce company Meesho Ltd through a block deal worth approximately ₹1,174 crore. The floor price for the transaction has been set at ₹246.23 per share, representing a potential discount of up to 3.1 per cent to the current market price.

Clean Max Enviro Energy Solutions on Thursday said it has committed ₹50,000 crore investment in Andhra Pradesh to develop 3GW integrated power generation facilities across wind, solar and pumped hydro. According to a company statement, Clean Max has signed a Memorandum of Understanding with the Andhra Pradesh Economic Development Board (APEDB) in this regard. Under the MoU, Clean Max proposes to invest nearly ₹50,000 crore to develop integrated power generation facilities aggregating 3 GW of clean energy across wind and solar energy and 1 GW of pumped hydro facilities.

Lupin Ltd on Thursday said its commercial partner, Sandoz, has launched Ranluspec, Lupin’s biosimilar Ranibizumab, across Europe, excluding Germany. The launch follows the European Commission’s approval of Ranluspec in vial and pre-filled syringe presentations, the company said in a statement. It marks an important step in expanding access to biologic treatment options for retinal diseases, it added.

Indian Oil on Thursday said it has supplied its first consignment of specialised Extreme Winter Grade Diesel (XWG Diesel), capable of functioning at temperatures as low as minus 42 degrees Celsius, to Army units in the Northeast. The consignment was flagged off from the company’s Missamari Depot on Wednesday for Army units under 4 Corps of the Eastern Command, marking a first for the region, according to an official statement. The specialised fuel is designed to ensure reliable performance in extreme cold-weather conditions, particularly in high-altitude areas, it said.

NBCC has signed MoUs to undertake various projects in West Bengal including development of river ghat at Howrah and Nabadwip. In a regulatory filing on Thursday, the company said it has signed six MoUs (Memorandum of Understanding) with the Department of Urban Development & Municipal Affairs, West Bengal government and its various authorities. Agnimitra Paul, Minister of Urban Development and Municipal Affairs in the West Bengal government, and NBCC’s CMD KP Mahadevaswamy were present. NBCC has signed an MoU with Kolkata Metropolitan Development Authority for redevelopment of College Street area and Chinatown at Tangra. It has signed MoU with Chandernagore Municipal Corporation for river front development.

The board of NCL Industries has greenlit a comprehensive 130 MW project that will combine both solar and wind power generation capabilities in Tuticorin, Tamil Nadu, marking a significant step into the clean energy sector. The renewable energy project will be implemented in phases, with the board specifically approving Phase 1 covering 50 MW of the total 130 MW capacity.

The board of Zee Entertainment Enterprises Ltd (Zee) has approved a proposal to buy back up to 65.93 million equity shares of the company at the price of ₹91 per share, aggregating to about ₹600 crore, it said in a release. It will implement the buy back through the tender offer route. The buy back shares represent 6.86 per cent of the total paid up equity share capital of the company.

Edelweiss Financial Services informed the exchanges that its promoter and Vice Chairman Venkatachalam Ramaswamy has resigned from the board of the company, with effect from November 11, 2026, to pursue his personal and professional goals. In a regulatory filing, the company said Ramaswamy’s resignation letter dated November 9, 2026 was officially received via email on November 11, 2026 due to technical issues that prevented delivery of an earlier communication. Consequently, Ramaswamy ceased to be a director and Vice Chairman of the company with effect from November 11, 2026, it said.

Jujhar Logistics on Thursday said it is investing ₹329.53 crore through its subsidiary to acquire 15 rakes of Greater Height Auto Carrier Wagons as part of its expansion strategy. The company has placed a purchase order with wagon maker Texmaco Rail & Engineering Ltd to manufacture and supply 434 auto car wagons of ACT 1 and ACT 3 types, Jujhar Logistics said. The order is expected to give a major boost in terms of revenue and volume, Jujhar Logistics said.

Ola Electric Mobility has posted a consolidated net loss of ₹362 crore for the July-September quarter, which narrowed from a ₹418 crore loss in the year-ago period. However, its consolidated revenue from operations fell nearly 39 per cent to ₹421 crore from ₹690 crore in the same quarter a year ago, according to the company’s financial statement. Ola Electric’s total expenses during the quarter dropped 28 per cent to ₹639 crore from ₹893 crore in the year-ago period.

Published on November 13, 2026