Jaiprakash Power Ventures (JP Power) saw a noticeable drop of more than 7% in early morning trade today, easing off after a strong two-day surge that had pushed the stock sharply higher. The counter opened at ₹21.56 against the previous close of ₹21.64, but soon slipped to the day’s low of ₹19.79 as investors booked profits following the recent rally.
Despite the early weakness, the stock continues to show elevated activity, with volumes already crossing 3.6 crore shares on the NSE by around 9:19 AM, reflecting heavy participation from traders.
Earlier in the session, JP Power had climbed to a high of ₹21.58, though still below the intraday peak of ₹22.79 seen recently. The stock had soared nearly 12 percent during that strong push, contributing to a remarkable 27 percent jump over the last two days.
With today’s pullback, the stock is now oscillating within a broad 52-week range that spans from ₹12.36 on the lower end to ₹27.70 on the higher side.
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