JP Power shares rally over 17% on Adani bid buzz for JP Associates

JP Power shares jumped 17% on reports Adani Group is the top bidder for JP Associates.

JP Associates is under insolvency, with Rs 57,185 crore in creditor claims.

JP Power’s Q4 net profit plunged 73% YoY to Rs 155.67 crore.

Stock shows bullish momentum, trading above all major SMAs; RSI near overbought zone.