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Mint
6 hours ago
- Business
- Mint
Sensex, Nifty 50 end on a muted note— 10 key highlights from Indian stock market today
Indian stock market benchmarks- the Sensex and the Nifty 50 - ended flat on Monday, July 7. Indian equity indices ended on a flat note with Nifty at 25,450 on July 7. At close, the Sensex was up 9.61 points or 0.01 percent at 83,442.50, and the Nifty was up 0.30 points at 25,461.30. Nifty Midcap index down 0.27 percent, while smallcap index down 0.4 percent. While tariff-related uncertainty kept the mood muted. Select heavyweights, including Reliance Industries, Hindustan Unilever, Bharti Airtel and Kotak Bank, supported the benchmarks. Meanwhile, ICICI Bank, Infosys, Bharat Electronics and Tech Mahindra dragged the benchmarks. As many as 22 stocks ended higher in the Nifty 50 index. Shares of Hindustan Unilever (up 3 per cent), Tata Consumer (up 1.8 per cent) and Nestle (up 1.26 per cent) ended as the top gainers. Bharat Electronics (down 2.5 per cent), Tech Mahindra (down 1.8 per cent) and ONGC (down 1.5 per cent) ended as the top losers in the index. Among sectors, FMCG index rose 1.7 percent, oil & gas index gained 0.4 percent, while media index down 1 percent, IT and Metal index down 0.7 percent each. Meanwhile, Nifty Bank, Nifty Auto also shed 0.15 percent each. JP Power, (93.15 crore share) PC Jeweller (56.93 crore shares), and Rattanindia Power (35.65 crore shares) were the most active stocks in terms of volume on the NSE. PC Jeweller, JP Power, AKI India, Vibhor Steel and JG Chemicals were among the 13 stocks that rose more than 10 per cent on the NSE. Sharda Cropchem and Gloster were the 2 stocks that crashed more than 7 per cent on the NSE. JP Power, Diamond Power, Senco Gold, Vibhor Steel Tubes, and VIP Clothing were among the 101 stocks that hit their upper circuits in intraday trade on the NSE. On the other hand, 74 stocks, including Garware Hi-Tech Films, Indef Manufacturing, Thomas Scott, SKIL Infra, and HDIL hit their lower circuits. Out of 3060 stocks traded on the NSE, 1154 advanced and 1795 declined. Some 111 stocks remained unchanged. On the NSE, Apollo Hospitals, Laurus Labs, Glenmark Pharma, Fortis Health, and Muthoot Finance were among the 61 stocks that hit their 52-week highs during the session. On the flip side, Dreamfolks Services, Ptotean E-Gov Tech, Delta Autocorp, SKIL Infra, and Arunaya Organics were among the 38 stocks that hit their 52-week lows on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
9 hours ago
- Business
- Economic Times
JP Power shares rally over 17% on Adani bid buzz for JP Associates
JP Power Share Price: Jaiprakash Power Ventures Ltd. shares surged following a successful AGM held virtually on July 5, 2025. Key resolutions were approved, and Chairman Manoj Gaur addressed shareholders, boosting investor confidence. Technical indicators reveal strong bullish momentum, with the stock trading above all key SMAs and an RSI approaching overbought territory. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jaiprakash Power Ventures JP Power ) surged over 17% to Rs 22.25 in Monday's intraday trade on the BSE, following media reports that the Adani Group has emerged as the highest bidder to acquire Jaiprakash Associates JP Associates ).In June, it was reported that debt-laden Jaiprakash Associates (JAL) had received six resolution plans from suitors including Adani Group, Vedanta JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat, and PNC Infratech , according to sources. The bids, submitted on June 24, were aimed at acquiring the company in its Associates, which operates across real estate, cement, hospitality, and construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Allahabad Bench, via an order dated 3 June company entered insolvency after defaulting on loan repayments, with total claims from creditors amounting to a staggering Rs 57,185 Power has provided a corporate guarantee for a $150 million external commercial borrowing availed by JP Associates from the State Bank of India , which has since been converted into a rupee term Power reported a 73% year-on-year decline in net profit to Rs 155.67 crore for the March 2025 quarter, impacted by lower income. In the same quarter last year, the company had posted a net profit of Rs 588.79 also fell to Rs 1,366.67 crore, down from Rs 1,863.63 crore in the year-ago period. For FY25, net profit dropped to Rs 813.55 crore from Rs 1,021.95 crore in the technical charts, JP Power is exhibiting strong bullish momentum . The Relative Strength Index (RSI-14) stands at 69.5, nearing the overbought zone. An RSI above 70 typically signals a possible stock is also trading above all eight key Simple Moving Averages (SMAs) — from the 5-day to the 200-day — indicating broad-based strength and sustained upward trend.
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Business Standard
9 hours ago
- Business
- Business Standard
Smallcap power stock soars 16% on huge volumes; zooms 74% in 2 months
Jaiprakash Power Ventures share price: Shares of Jaiprakash Power Ventures (JP Power) have moved higher by 16 per cent to ₹21.95 on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise subdued market. The stock price of the smallcap power generation company is trading close to its 52-week high level of ₹23.77 touched on October 10, 2024. In comparison, the BSE Sensex was down 0.08 per cent at 83,367 at 12:23 PM. The average trading volumes on the counter jumped over 7-fold. A combined 588 million shares representing 8.6 per cent of the total equity of JP Power have changed hands on the NSE (525 million) and BSE (63 million). In the past two weeks, the stock price of JP Power has appreciated by 30 per cent, while in two months it zoomed 74 per cent from ₹12.6 on May 7, 2025. Jaiprakash Associates is the promoter of JP Power and holds a 24 per cent stake. Shares of Jaiprakash Associates have been locked in the 5 per cent upper circuit at ₹3.22 on the BSE. Track LIVE Stock Maket Updates Here What's driving JP Power stock price? The Adani group has emerged as the frontrunner to acquire Jaiprakash Associates, which is currently undergoing insolvency proceedings, with a bid of up to ₹12,500 crore, the Business Standard reported, quoting people familiar with the matter on Thursday. Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer, provided a key legal hurdle related to JAL's Sports City project is resolved. The case is currently pending before the Supreme Court. CLICK HERE FOR FULL REPORT Meanwhile, India Ratings and Research (Ind-Ra) in rationale said that the rating agency notes that JP Power's promoter JAL is under Corporate Insolvency Resolution Process (CRIP). The agency does not expect JAL's CRIP to have a material impact on JPVL's balance sheet; however, the outcome of the same shall remain a key monitorable for the agency. Opportunities in Indian power sector JP Power is primarily engaged in the generation of power and thus has only one segment. The company has Amelia (North) Coal Mine which is for captive consumption. Last year, the company received 'Right of Exploration' in respect Banda (North) Coal Block on which exploration work is going on. The turnover from Cement Grinding was Nil. JP Power in its FY25 annual report said that the Indian power sector in FY2024-25 presents a multitude of opportunities driven by increasing energy demand, rapid technological advancements, and strong government support for clean energy transition. India aims to install 500 Gigawatt (Gw) of non-fossil fuel capacity by 2030, paving the way for growth in solar, wind, and hydroelectric power projects. The Green Hydrogen Mission, with an outlay of ₹19,744 crore, is another lucrative avenue, offering scope for electrolyser manufacturing and hydrogen production for industries like steel, cement, and transportation. Additionally, the approval of ₹60,676 crore worth of inter-state transmission projects enhances prospects for private sector participation in strengthening grid infrastructure, ensuring efficient renewable energy integration. These initiatives, along with attractive policy incentives like Production-Linked Incentives (PLI) for solar manufacturing and viability gap funding for battery energy storage, further boost investor confidence in the sector. Meanwhile, JP Power plans to incur capex of ₹1,500 crore over FY25-FY27 for the installation of flue-gas desulfurization (FGD) unit at Nigrie and Bina thermal power plants and ₹760 crore towards Bandha North coal mine over FY25-FY29. The capex is likely to be funded by internal accruals. The company's ability to execute both the capex projects with internal accruals shall remain a key monitorable, Ind-Ra said in January 2025 rating rationale.
Time of India
11 hours ago
- Business
- Time of India
JP Power shares surge 14% after AGM lifts inverter sentiment
Shares of Jaiprakash Power Ventures Ltd (JP Power) surged nearly 14% on Monday to close at Rs 21.57, gaining momentum after the company successfully concluded its 30th Annual General Meeting ( AGM ) over the weekend. The AGM, held virtually on July 5, 2025, was conducted via video conferencing (VC)/other audio-visual means (OAVM), in line with the latest regulatory guidelines issued by the Ministry of Corporate Affairs (MCA) and SEBI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiólogo: El mejor método para un vientre plano después de los 50 (¡Es genial!) Té mágico desintoxicante Undo During the meeting, all key resolutions outlined in the notice dated May 1, 2025, were presented, including adoption of financial statements, reappointment of directors, and approvals for auditor appointments and director remuneration. The company also enabled electronic voting through CDSL 's e-voting platform, both before and during the AGM, ensuring transparency and shareholder participation. JP Power Chairman Manoj Gaur addressed shareholders during the AGM, sharing key insights into the company's performance and outlook. The meeting was attended by 107 shareholders via video conferencing, including senior board members and committee heads. The market responded positively to the company's governance and communication efforts, with increased investor confidence reflected in the day's sharp stock price movement. Live Events On the technical front, Jaiprakash Power Ventures Ltd. is showing strong bullish momentum : The Relative Strength Index (RSI-14) stands at 69.5, indicating the stock is approaching overbought territory. For context, an RSI below 30 typically signals an oversold condition, while an RSI above 70 suggests the stock may be overbought and could be due for a pullback. Additionally, the stock is trading above all 8 key Simple Moving Averages (SMAs) — ranging from the short-term 5-day to the long-term 200-day SMA. This alignment across timeframes is considered a bullish signal, reflecting sustained upward momentum and strong underlying trend strength.
News18
11 hours ago
- Business
- News18
JP Power Share Price Jumps 15% on Monday: What's Fueling The Rally?
JP Power Share Price: JAL was taken to insolvency proceedings after the conglomerate defaulted on the payment of loans. JP Power And JP Associates Share Price: Shares of Jaiprakash Power Ventures (JP Power), a subsidiary of Jaypee Associates Limited (JAL), have climbed 15 per cent intraday in the morning session on Monday following reports that the Adani Group has emerged as the highest bidder to acquire Jaiprakash Associates (JP Associates). Stocks of JP Power were trading at Rs 21.78 apiece at 11:30 am. Meanwhile, Jaiprakash Associates Limited's shares also witnessed a rally to hit the 5% per cent upper circuit intraday on Monday. The trading halted in the stocks at Rs 3.19 apiece. JP Power is a smallcap company with a market capitalization of Rs 14,872 crore (as of July 07 till 11:30 am). The scrip opened at Rs 19 apiece, against the previous day close at Rs 18.95 apiece. On a year-to-date basis, shares of JP Power are up nearly 20 per cent. JP Associates Insolvency The troublesome Jaypee Associates Limited (JAL) was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. The company engages in real estate, cement, manufacturing, hospitality and engineering and construction. The company has a tax liability over Rs 57,185 crore. JAL was taken to insolvency proceedings after the conglomerate defaulted on the payment of loans. Gautam Adani-led conglomerate has made a bid of Rs 12,500 crore to acquire it, say reports. According to the report, Adani Group has proposed an upfront payment of more than Rs 8,000 crore without any preconditions. Jaypee Associates Limited (JAL) has investments in subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd and several other companies. Jaypee Group's Jaypee Infratech has already been acquired by Mumbai-based Suraksha Group through an insolvency process. Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech are the lead runners in the acquisition of JP Associates Limited. About JP Group JP Group, officially known as the Jaypee Group, is an Indian industrial group founded by Jaiprakash Gaur. It has been involved in several key infrastructure and energy projects in India. The group is based in Noida, Uttar Pradesh. Their flagship firm Jaiprakash Associates Ltd (JAL) and subsidiary Jaypee Infratech Ltd (JIL) went into insolvency proceedings. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: July 07, 2025, 11:38 IST News business » markets JP Power Share Price Jumps 15% on Monday: What's Fueling The Rally?
