Latest news with #JaiprakashPowerVentures
Time of India
2 days ago
- Business
- Time of India
JP Power shares slide over 5%, extend decline for second day in row
Shares of Jaiprakash Power Ventures ( JP Power ) fell 5.06% in intraday trade on Wednesday, slipping to Rs 23.28 apiece on the BSE. This decline follows a nearly 10% drop on Tuesday, highlighting continued selling pressure in the stock. The stock hit its 52-week high of Rs 27.62 earlier this week on July 14. With a 52-week low of Rs 12.35, the stock had more than doubled over the past year before the recent pullback. JP Power is currently under the ASM (Additional Surveillance Measure) framework – Stage 1, a regulatory measure aimed at controlling excessive volatility and protecting retail investors. Technical View: Moving Averages: Despite the recent correction, the stock remains technically strong, trading above 7 out of 8 key simple moving averages (SMAs). It is currently above the 10-day to 200-day SMAs, although it has slipped below the 5-day moving average, reflecting short-term weakness. Relative Strength Index (RSI): The 14-day RSI stands at 69.8, which is just below the overbought threshold of 70. An RSI above 70 suggests a stock may be overbought, while below 30 is considered oversold. Investors should monitor price action closely, especially with the stock under ASM surveillance and showing signs of near-term volatility after a sharp recent rally. Adani buzz and resolution hopes The rally last week was largely sparked by reports that the Adani Group had submitted a bid to acquire the debt-laden Jaiprakash Associates , a company linked to JP Power via a corporate guarantee on a $150 million external commercial borrowing, later converted into a Rupee loan. HDFC Bank to consider first-ever bonus share issue on July 19 JP Associates is undergoing insolvency resolution and has reportedly attracted six bidders: Adani, Vedanta , JSPL , Suraksha Group, Dalmia Bharat , and PNC Infratech . The proposals are understood to be for acquiring the company in full. The strategic implications of the resolution process have brought JP Power into sharp focus, fueling both price and volume action in recent sessions.
Time of India
2 days ago
- Business
- Time of India
MFs' June Picks: 12 smallcap stocks rally up to 75% in just over a month
In June 2025, mutual funds significantly increased their investments in select smallcap stocks, with 183 companies experiencing substantial buying activity. While 126 stocks showed positive returns, Jaiprakash Power Ventures and Gabriel India led with impressive rallies of 75% and 65%, respectively. Niva Bupa Health Insurance saw the highest share acquisition, though its stock price declined. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In June 2025, mutual funds pumped cash in several smallcap stocks . Many of these stocks not only saw a large number of shares being bought but also showed strong price spikes. According to data sourced from ACE Equity and ACE MF , some of the popular picks included Jaiprakash Power Ventures Anand Rathi Wealth , and VIP Industries We looked at smallcap stocks where mutual funds added more than 1 lakh shares in June compared to May. This analysis showed that 183 smallcap companies saw heavy buying from mutual of these, 126 stocks delivered positive returns since the beginning of June — showing overall strength in the smallcap segment. From this list, we further shortlisted 12 stocks that rallied more than 25% between June 1 to present day, indicating strong upward momentum and high confidence from fund Power Ventures led the pack with a stellar rally of 75%, followed closely by Gabriel India, which jumped 65% over the same of the end of June: Mutual funds held 2 crore shares of Jaiprakash Power Ventures across 29 schemes, worth around Rs 38 crore. For Gabriel India, 36 mutual fund schemes held 2.1 crore shares, valued at Rs 1,457 crore, showing stronger institutional in terms of the highest number of shares added by mutual funds in June, Niva Bupa Health Insurance Company topped the list. Around 45 MF schemes added over 10 crore shares, taking the total holding to 15 crore shares, valued at approximately Rs 1,225 crore. Despite this heavy institutional interest, the stock has underperformed, falling by around 2% since the start of data suggests mutual funds are actively positioning themselves in select smallcap names, particularly those showing early signs of momentum — although not all high-ownership plays have translated into immediate gains.
Economic Times
2 days ago
- Business
- Economic Times
MFs' June Picks: 12 smallcap stocks rally up to 75% in just over a month
In June 2025, mutual funds pumped cash in several smallcap stocks. Many of these stocks not only saw a large number of shares being bought but also showed strong price spikes. According to data sourced from ACE Equity and ACE MF, some of the popular picks included Jaiprakash Power Ventures, Gabriel India, PC Jeweller, Anand Rathi Wealth, and VIP Industries. ADVERTISEMENT We looked at smallcap stocks where mutual funds added more than 1 lakh shares in June compared to May. This analysis showed that 183 smallcap companies saw heavy buying from mutual funds. Out of these, 126 stocks delivered positive returns since the beginning of June — showing overall strength in the smallcap segment. From this list, we further shortlisted 12 stocks that rallied more than 25% between June 1 to present day, indicating strong upward momentum and high confidence from fund managers. Jaiprakash Power Ventures led the pack with a stellar rally of 75%, followed closely by Gabriel India, which jumped 65% over the same of the end of June: Mutual funds held 2 crore shares of Jaiprakash Power Ventures across 29 schemes, worth around Rs 38 crore. For Gabriel India, 36 mutual fund schemes held 2.1 crore shares, valued at Rs 1,457 crore, showing stronger institutional interest. ADVERTISEMENT However, in terms of the highest number of shares added by mutual funds in June, Niva Bupa Health Insurance Company topped the list. Around 45 MF schemes added over 10 crore shares, taking the total holding to 15 crore shares, valued at approximately Rs 1,225 crore. Despite this heavy institutional interest, the stock has underperformed, falling by around 2% since the start of data suggests mutual funds are actively positioning themselves in select smallcap names, particularly those showing early signs of momentum — although not all high-ownership plays have translated into immediate gains. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
3 days ago
- Business
- Mint
JP Power share price rallies 46% in just 7 sessions, 117% from May lows. Here's what's driving the surge
Jaiprakash Power Ventures has witnessed a remarkable surge in its share price in recent sessions, driven by heightened demand on Dalal Street driven by heightened demand on Dalal Street after media reports claimed that the Adani Group had emerged as the leading bidder to acquire Jaiprakash Associates, which holds a 24% stake in Jaiprakash Power Ventures. Over the last seven trading sessions, the stock has climbed from ₹ 18.67 to a previous close of ₹ 27.23, marking a sharp gain of 46%. Notably, the stock has remained in the spotlight even as the broader Indian stock market continues to struggle in finding momentum. The stock has staged a strong comeback after hitting a one-year low of ₹ 12.52 in early May, with recent momentum pushing the total rally since then to 117.5%. Jaiprakash Associates (JAL), which has diversified business interests in real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order from the National Company Law Tribunal (NCLT), Allahabad Bench, dated June 3, 2024. JAL was taken to insolvency proceedings after defaulting on loan repayments, with creditors claiming dues amounting to ₹ 57,185 crore. The National Asset Reconstruction Company Ltd. (NARCL) leads the list of claimants, having acquired JAL's stressed loans from a consortium of lenders led by the State Bank of India (SBI). In late June, five companies, including billionaire Gautam Adani's Adani Enterprises, mining baron Anil Agarwal's Vedanta, Dalmia Bharat Cement and Mumbai-based Suraksha Group—which had earlier acquired Jaypee Infratech—expressed interest in acquiring Jaiprakash Associates, the flagship company of the Jaypee Group. However, recent media reports indicate that the Adani Group has emerged as the only bidder to submit an unconditional offer, proposing a ₹ 12,600 crore deal under the ongoing insolvency process. Jaiprakash Associates owns three commercial and industrial office spaces in the Delhi-NCR region. Its hospitality division operates five properties located in Delhi-NCR, Mussoorie, and Agra. It also holds four cement plants in Madhya Pradesh and Uttar Pradesh, along with a few leased limestone mines in Madhya Pradesh—though the cement plants are currently non-operational. Additionally, JAL has investments in several subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd, and other group entities. After facing substantial selling pressure, the stock gained momentum in June 2023. It maintained a steady uptrend in the following months until October 2024, before experiencing another round of selling amid weakness in the broader market. However, it later regained strength in March 2025 and has sustained that momentum since. Over the last two years, it gained 400% and in the last five years, it surged 1260%. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
4 days ago
- Business
- Mint
Sensex, Nifty 50 fall for 4th day in a row; mid, smallcaps outperform— 10 key highlights from Indian stock market today
Domestic market benchmarks, the Sensex and the Nifty 50, ended in the red on Monday, July 14, extending losses to the fourth consecutive session. The Sensex settled at 82,253.46, down 247 points, or 0.30 per cent, while the Nifty 50 ended the day 68 points, or 0.27 per cent, lower at 25,082.30. However, the BSE Midcap index rose 0.67 per cent, while the Smallcap index climbed 0.57 per cent. Thanks to gains in the mid and small-cap segments, the overall market capitalisation of BSE-listed firms rose to nearly ₹ 457.6 lakh crore from ₹ 456.7 lakh crore in the previous session. While concerns over an intensifying tariff war continue to weigh on sentiment, a subdued start to Q1 earnings has further dampened sentiment. The market's stretched valuation is another key factor contributing to the downtrend. "Consolidation continued in the domestic market as the tariff headlines and a subdued start to the earnings season are influencing investors to be more sensitive with valuation trading at a three-year high level," said Vinod Nair, Head of Research, Geojit Investments Limited. "Investors remain watchful of developments related to tariffs and their potential impact on global markets. Amid this mixed environment, we continue to see selective opportunities across sectors. Hence, participants should maintain a focus on stock selection and risk management," said Ajit Mishra, the SVP of research at Religare Broking. Shares of Eternal (up 2.90 per cent), Titan Company (up 1.20 per cent) and HDFC Life Insurance Company (up 1.05 per cent) closed as the top gainers. As many as 27 stocks ended in the red in the Nifty 50 index. Jio Financial Services (down 2 per cent), Tech Mahindra (down 1.72 per cent) and Wipro (down 1.57 per cent) ended as the top losers in the index. Most sectoral indices ended with gains, with Nifty Realty (up 1.39 per cent), Media (up 1.36 per cent), Healthcare (up 1 per cent), Consumer Durables (up 0.88 per cent), Pharma (up 0.83 per cent), and PSU Bank (up 0.73 per cent) clocking healthy gains. Jaiprakash Power Ventures (103.3 crore shares), Vodafone Idea (93.91 crore shares) and Ola Electric Mobility (59.73 crore shares) were the most active stocks in terms of volume on the NSE. Nifty Bank ended flat. On the other hand, Nifty IT fell 1.11 per cent. Neuland Laboratories, Suvidhaa Infoserve, Ola Electric Mobility, B&B Triplewall Containers and Jaiprakash Power Ventures were among the 13 stocks that surged more than 10 per cent on the NSE. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
