JP Power share price rocketed nearly 20% in early trade Monday, hitting ₹22.65 as bulls stormed in on huge volumes. The rally is part of a broader surge across Jaypee Group stocks, reportedly driven by fresh speculation of Adani Group interest and aggressive block buying by institutional desks.
The move comes after weeks of steady accumulation, with JP Power now up over 70% in just two months.
Adani Link Rumors Drive Frenzy in Jaypee Group Stocks
According to media reports, a wave of Adani-related speculation has triggered buying across Jaypee counters, including JP Associates and JP Power. While there’s no official confirmation from either group, traders aren’t waiting around.
Sentiment has been further fueled by strong delivery volumes and price action breaking through multi-month resistance zones.
JP Power Share Price Technical Setup
- Current Price: ₹22.65
- Next Resistance: ₹24.00 zone (Oct 2023 high), then ₹25.50
- Support Levels: ₹20.50, followed by ₹19.00
- MACD: Strong bullish crossover, momentum expanding
Outlook
JP Power’s breakout is less about fundamentals today and more about positioning, sentiment, and rumor-fueled momentum. The price has cleared key resistance levels on heavy volumes, and the Adani buzz has only added fuel to the fire.
Short-term traders are likely to trail their stops tight, while investors will be watching for any real deal updates in the coming sessions. For now, the stock’s surge is loud, fast, and showing no signs of cooling just yet.