JP Power Share Price Surge Attributed to High Volume Trading Amid Speculation of Adani Takeover.

JP Power Shares Surge 11.80% as NCLT Approves Adani's Takeover Bid for Promoter Jaiprakash Associates

Key Highlights

• JP Power shares rose 11.80% to ₹15.63 on the National Stock Exchange (NSE) on March 18, 2026, amid higher-than-usual volumes.
• Adani Enterprises' takeover bid for Jaiprakash Associates (JAL) was approved by the National Company Law Tribunal (NCLT) on March 17, 2026.
• NCLT approval is expected to reduce systemic risk across the group and unlock refinancing opportunities for JP Power.

Market Reaction

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• JP Power shares traded at nearly thrice the two-week average of 38 lakh shares on the Bombay Stock Exchange (BSE) as of 10:40 am on March 18, 2026.
• NSE saw 1,695.58 lakh shares traded on the same day.

Industry Analysts' Views

• Harshal Dasani, Business Head at INVasset PMS, believes that the perceived "look-through value" triggered aggressive buying interest in JP Power shares.
• Balaji Rao Mudili, Research Analyst at Bonanza, stated that the resolution plan grants Adani access to JAL's major assets, including the 24% stake in JP Power.
• Mahesh Ojha, Vice President Research & BD at Kantilal Chhaganlal Securities, believes that JP Power valuations are in a comfortable spot, and its power sector presence offers a decent business opportunity.

Financial Performance

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• JP Power's net profit stood at ₹4.89 crore in the December 2025 quarter, down multifold, hit by reduced income.
• The company's total income dipped to ₹1,211.40 crore in the reporting third quarter from ₹1,256.35 crore in Q3FY25.