JP Power share price surges 12% amid high volumes. Is Adani takeover of JP Associates behind the rally? explained
Shares of Jaiprakash Power (JP Power) surged nearly 12% on Wednesday, March 18, amid higher-than-usual volumes and after the National Company Law Tribunal (NCLT) approved Adani’s takeover bid for its promoter, Jaiprakash Associates (JAL). Nearly 99 lakh shares of JP Power shares changed hands on the BSE as of 10.40 am, nearly thrice the two-week…