JP Power share price rises by almost 30% in two days after Adani Group wins creditor round to acquire JP Associates

Shares of Jaiprakash Power Ventures (JP Power) rose 11.75% to Rs 22.63 on Thursday, continuing the sharp 15% gain from the previous day as investor sentiment improved following a major breakthrough in Jaypee Group’s insolvency proceedings. Over the last two trading sessions, JP Power shares are up nearly 30%.The rally comes after Gautam Adani-led Adani Group received approval from the Committee of Creditors (CoC) to acquire Jaiprakash Associates Ltd. to acquire the debt-ridden infrastructure and industrial conglomerate that is undergoing insolvency proceedings.

According to a filing with regulators on Wednesday, Adani Enterprises confirmed that creditors voted in favor of the resolution plan. The company stated that 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 with knowledge of the matter. ET could not independently verify this amount. Read

Implementation of the resolution plan may be carried out by Adani Enterprises, entities within the promoter group, other Adani Group companies, or through a special purpose vehicle, depending on the final structure approved under the Insolvency and Bankruptcy Act.

Jaiprakash Associates, the flagship of the Jaypee Group, operates across multiple sectors including engineering and construction, cement, energy, real estate, fertilizers and hospitality. The acquisition marks another important step towards expansion for the Adani Group and is expected to reshape the landscape for several of these sectors. Market participants see the development as a potential game-changer for both Jaypee Group’s ongoing insolvency process and JP Power’s near-term prospects, continuing investor enthusiasm for the stock. On the technical front, the Daily RSI (14) for Jaiprakash Power Ventures is at 74.9, which puts it in the overbought zone as readings above 70 generally indicate increased buying pressure. This suggests the stock may be in for a near-term pullback or consolidation.

Also read: Groww shares fall 18% in 2 days. What is causing Billionbrains to decline?

Furthermore, the stock is currently trading above all eight of its major Simple Moving Averages (SMAs), reflecting strong upside momentum. This moving average alignment is generally seen as a bullish technical signal, reinforcing the stock’s prevailing positive trend.

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