JP Power share price crashes 8.5% after two-day rally. Is profit booking at play? | Stock Market News – Bns Sections.

JP Power share price: Shares of Jaiprakash Power Ventures (JP Power) reversed course on Friday, November 21, after a big rally over the past two buying and selling periods.

JP Power’s share price fell as a lot as 8.5% to the day’s low of ₹19.79 on the BSE, amid profit-taking and excessive volumes on the counter.

The scrip had surged 29% over the past two days after Adani group pipped Vedanta to win the approval of collectors of Jaiprakash Associates (JAL) for its ₹14,535-crore acquisition proposal for the bankrupt infrastructure group.

“The Committee of Creditors (COC) of Jaiprakash Associates Limited (JAL), a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC), has approved the Resolution Plan submitted by Adani Enterprises Limited (AEL),” the Adani group firm stated in a inventory alternate submitting.

Adani bought the utmost 89% votes from collectors, adopted by Dalmia Cement (Bharat) and Vedanta Groupit added.

Without disclosing monetary particulars of the bid, AEL stated it has acquired a Letter of Intent (LOI) from the Resolution Professional (RP) on November 19, 2025.

As JAL owns round a 24% stake in JP Power, the markets anticipated {that a} profitable decision involving a financially robust sponsor like Adani might unlock significant worth for JP Power’s underlying enterprise, sparking a rally within the small-cap counter over final two days.

Nearly 1.34 crore shares of JP Power had modified fingers on BSE as of 10.30 am, as towards the 2-week common of 1.75 crore shares.

Why are JP Power shares falling?

“The 8% slide in JP Power looks less like a structural reversal and more like the market catching its breath. The stock has rallied sharply over the past few weeks, and when a counter runs ahead of its fundamentals, profit-taking becomes almost mechanical,” opined Harshal Dasani, Business Head at INVAsset PMS.

He believes right this moment’s motion indicators that merchants are unwinding momentum positions moderately than lengthy-time period buyers questioning the enterprise. There’s additionally a shift in narrative — the speculative buzz that had pushed the inventory greater has normalised, so the marginal purchaser has stepped again, he added.

“In that sense, today’s correction is healthy. If the company delivers on operational improvements, this volatility will simply be remembered as routine consolidation after an overextended rally,” Dasani added.

JP Power Q2 Results

For the second quarter, JP Power had posted a flat profit progress at ₹182.10 crore as towards ₹182.66 crore in the identical interval a yr in the past.

Total revenue rose to ₹1,478.49 crore from ₹1,305.19 crore in July-September 2024-25. Expenses additionally elevated to ₹1,186.48 crore from ₹1,070.76 crore.

The small-cap inventory has delivered 24% returns to buyers in a yr and 36% in six months. Meanwhile, it has emerged as a multibagger inventory, with a 710% rise in 5 years, in line with information out there on BSE.

JP Power share price was buying and selling at ₹20.28, down 6.24%, on the BSE round 11.05 am.

Disclaimer: This story is for academic functions solely. The views and proposals expressed are these of particular person analysts or broking corporations, not Mint. We advise buyers to seek the advice of with licensed specialists earlier than making any funding selections, as market situations can change quickly and circumstances could differ.