Power stock under Rs 25 hit 20% upper circuit: Jaiprakash Associates holds 1,64,48,30,118 shares & Major DIIs - ICICI, Canara Bank, LIC, UCO Bank

On Monday, shares of Jaiprakash Power Ventures Ltd or JP Power hit a 20 per cent upper circuit to Rs 22.74 per share from its previous closing of Rs 18.95 per share. At the closing bell, the shares of the company were trading at Rs 22.66 per share, up 19.6 per cent with 13.5 times spurt in volume. The stock’s 52-week high is Rs 23.77 per share and its 52-week low is Rs 12.35 per share.

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 15,000 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 is up by 83.5 per cent from its 52-week low of Rs 12.35 per share and has given multibagger returns of 945 per cent in just 5 years.

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