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JP Power shares surge on Adani's potential JAL acquisition

after close1 source ↓written by the desknot a recommendation

in two days
27%
in JP Power
24% stake

JP Power shares surged over 27% in two days, reaching ₹22.79, amid reports that Adani Group is likely to acquire Jaiprakash Associates (JAL). This acquisition is significant as JAL holds a 24% stake in JP Power, potentially reshaping its market outlook. Analysts suggest a target range of ₹24–26 if momentum continues. 📈

The rally was fueled by creditor preference for Adani's proposal over Vedanta's higher bid, due to larger upfront payments. This development may attract further investor interest.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 28 Nov 2025, 16:06 IST.

Sourcesnews.google.com

The market after the news

JPPOWER closed −0.1% on the day of the news, from ₹18.79 to ₹18.77; Nifty −0.1% over the same session.

Bulletin at 16:06 IST on 28 Nov 2025. Every change is measured from ₹18.79, the last close before it, on 28 Nov. Nifty 50 is measured over the same sessions.

  • JPPOWER close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
JPPOWER closes around the bulletin against the close before the news, with Nifty 50 rebased to it15.9618.7921.62axis spans 35%before the news · 28 Nov18.79Nifty 50JPPOWERbulletinD0+1+3+524 Nov4 Dec15 DecReference close ₹18.79. 16 sessions from 24 Nov to 15 Dec; the price axis spans 35 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before28 Nov₹18.79basebase
On the day1 Dec₹18.77▼ −0.1%▼ −0.1%0.0 pp difference
+1 session2 Dec₹19.17▲ +2.0%▼ −0.7%+2.7 pp difference
+3 sessions4 Dec₹19.02▲ +1.2%▼ −0.7%+1.9 pp difference
+5 sessions8 Dec₹18.29▼ −2.7%▼ −0.9%−1.7 pp difference
Gap at the open, % · ₹
▲ +1.1%+0.21 on 1 Dec
Day's range, % · ₹
2.1%≈ 0.39 high to low
Volume on the day
0.37×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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