JP Power shares rally nearly 30% in two days after Adani Group wins creditor nod for JP Associates acquisition

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Shares of Jaiprakash Power Ventures (JP Power) surged 11.75% to Rs 22.63 on Thursday, extending the previous day’s sharp 15% rise as investor sentiment improved following a major breakthrough in the Jaypee Group’s insolvency proceedings. In the last two trading sessions, JP Power shares have rallied nearly 30%.

The rally comes after the Gautam Adani-led Adani Group secured approval from the Committee of Creditors (CoC) to acquire Jaiprakash Associates Ltd., the debt-ridden infrastructure and industrial conglomerate undergoing insolvency resolution.


According to a regulatory filing made on Wednesday, Adani Enterprises confirmed that the creditors voted in favour of its resolution plan. The company stated it received a Letter of Intent (LoI) from the Resolution Professional on November 19, 2025.

The deal is worth nearly $1.5 billion, Bloomberg reported, citing people in the know. ET could not independently verify this amount. Read


The implementation of the resolution plan may be undertaken by Adani Enterprises, entities within its promoter group, other Adani Group companies, or through a special purpose vehicle, depending on the final structure approved under the Insolvency and Bankruptcy Code.

Jaiprakash Associates, the flagship of the Jaypee Group, operates across multiple sectors, including engineering and construction, cement, power, real estate, fertilisers, and hospitality. The acquisition marks another significant expansion move by the Adani Group and is expected to reshape the landscape for several of these sectors.Market participants are viewing the development as a potential breakthrough for both the Jaypee Group’s ongoing insolvency process and for JP Power’s near-term outlook, fueling continued investor enthusiasm in the stock.On the technical front, the Daily RSI (14) for Jaiprakash Power Ventures stands at 74.9, which places it in the overbought zone, as readings above 70 typically indicate heightened buying pressure. This suggests the stock may be due for a near-term pullback or consolidation.

Also read: Groww shares fall 18% in 2 days. What’s triggering the fall in Billionbrains?

Additionally, the stock is currently trading above all eight of its key Simple Moving Averages (SMAs), reflecting strong upward momentum. This alignment of moving averages is generally viewed as a bullish technical signal, reinforcing the stock’s prevailing positive trend.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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