JP Power share price extends rally, zooms 27% in two days. Is Adani takeover of JAL a likely trigger behind the surge?
Shares of Jaiprakash Power Ventures (JP Power) extended gains to the second day on Thursday, November 20, amid reports that Adani Group will likely pip metal and mining major Vedanta to acquire bankrupt infrastructure firm Jaiprakash Associates (JAL).
Small-cap stock JP Power gained as much as 12% to hit the day’s high of ₹22.79 on the National Stock Exchange (NSE). In a span of two days, the stock has gained over 27%.
