JP Power Ventures shares gained over 27% in two sessions. Adani Group’s possible acquisition, mutual fund buying and Crisil’s BBB Stable rating are driving strong sentiment. Full update with resistance levels and analysis
JP Power Ventures Soars 27% in Two Sessions: Adani Acquisition Buzz and MF Buying Boost Investor Sentiment
JP Power Ventures has delivered a solid relief rally for investors, jumping more than 27 percent in just two trading sessions. After a long phase of correction, the stock has finally shown strong recovery, making investors optimistic once again. The key question now is whether this momentum can sustain and what levels to track next.
Why the Stock Surged: Adani Group Interest + Mutual Fund Buying
The biggest trigger behind the rally is the expectation that Adani Enterprises may acquire JP Associates.
Creditors reportedly prefer Adani Group as the acquirer, keeping it ahead of other bidders.
In the past, names like Vedanta, Dalmia Bharat and several infrastructure companies surfaced as potential bidders.
But this time, Adani Group appears to be leading, though the final decision will depend on:
- CCI (Competition Commission of India) approval
- Several regulatory clearances
- Court’s final decision
Such acquisition processes can take 6 months to 2 years to conclude, depending on approvals.
Mutual Funds Increased Their Holdings in October
Another major positive factor is Mutual Fund activity:
- 19 Mutual Funds bought shares
- 10 Mutual Funds sold
- Almost 1:2 ratio — two buyers for every seller
During the October consolidation phase (₹17.90 to ₹18.60 range), big institutions accumulated shares.
Key buyers include:
- Nippon India
- Jio BlackRock
- Motilal Oswal
Notably, Jio BlackRock increased its holding by 25.97%, adding 82,659 shares in October.
This institutional confidence is believed to be a key driver behind the recent recovery.
Crisil Reaffirms Rating: Another Fresh Positive
On 20 November, Crisil reaffirmed JP Power’s long-term bank facility rating:
- BBB Stable Rating
- On facilities worth ₹5,600 crore
This is a fresh update that has supported the stock’s sentiment further.
Technical Analysis: Key Resistance Levels
Due to the sharp rally:
- MFI: 81.2
- RSI: 74.9
Both indicators show the stock is currently in the overbought zone.
Important resistance levels to watch:
- ₹22.20 – Immediate resistance
- ₹22.30 – Mid resistance
- ₹23.50 – Crucial resistance
The stock gave a strong gap-up opening today.
Although sellers were active near ₹22.30, the stock is currently trading around ₹21.73.
Is This a Good Buying Opportunity?
Two strong triggers are currently supporting the stock:
- Adani Group acquisition buzz
- Mutual Funds’ aggressive buying
However, the real confirmation will come only after:
- CCI approval
- Final regulatory and court clearance
Right now, the rally is primarily sentiment-driven.
If approvals come through, JP Power Ventures could witness further positive momentum.