56% returns in just 1 month: Power stock under Rs 30 jumps and hit 52-week high with heavy volume; Do you own it?

On Monday, shares of Jaiprakash Power Ventures Ltd or JP Power jumped 16.84 per cent to an intraday high of Rs 27.62 per share from its previous closing of Rs 23.64 per share. The shares of the company saw a spurt in volume by more than 3.34 times on the BSE. The stock also made a new 52-week high of Rs 27.62 per share and its 52-week low is Rs 12.35 per share. In just 1 month, the stock is up by 56 per cent.

Incorporated in 1994, Jaiprakash Power Ventures Limited (JPVL) is a diversified company involved in coal mining, sand mining, cement grinding, and the production of thermal and hydroelectricity. JPVL operates three main power plants: the 400 MW Vishnuprayag Hydro-Electric Plant in Uttarakhand, operational since October 2007; the 500 MW Jaypee Bina Thermal Power Plant in Madhya Pradesh, with its two units commencing operations in August 2012 and April 2013; and the 1320 MW Jaypee Nigrie Supercritical Thermal Power Plant, also in Madhya Pradesh, with its two units becoming operational in September 2014 and February 2015. Out of its total generation capacity of 2220 MW, JPVL has Power Purchase Agreements (PPAs) for 1245 MW, with the remaining 975 MW capacity utilised for short-term power sales.

Jaiprakash Associates holds 1,64,48,30,118 shares or 24 per cent. Major DIIs include ICICI Bank (9.97 per cent), Canara Bank 2.44 per cent), LIC 1.36 per cent) and UCO Bank (1.08 per cent). The company has a market cap of over Rs 18,000 crore and has delivered good profit growth of 20 per cent CAGR over the last 5 years. In FY25, the company did net sales of Rs 5,462 crore and net profit of Rs 814 crore. The stock has given multibagger returns of over 120 per cent from its 52-week low of Rs 12.35 per share and a whopping 1,350 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.