Jaiprakash Power Ventures Limited (JP Power) continues to draw intense investor attention in November 2025, even as negative headlines from its parent group create short-term pressure. The stock faces selling after the Enforcement Directorate (ED) arrested promoter-linked Manoj Gaur in a money laundering probe, yet the company’s standalone fundamentals remain solid.
JP Power delivers consistent profits, reduces debt effectively, and positions itself for potential upside if Adani Group secures control of Jaiprakash Associates (JAL). This comprehensive guide explores the latest developments, stock performance, financial health, and what lies ahead for JP Power shareholders.
Current JP Power Share Price and Recent Performance
As of mid-November 2025, JP Power shares trade around ₹17.50–₹18.50 on the NSE, reflecting a 1–3% decline in recent sessions. The stock opened flat but faced selling pressure, dipping from highs near ₹17.90 to lows around ₹17.60.
- 1-week performance: Down ~2%
- 1-month performance: Down ~1–2%
- 3-month performance: Down ~3–5%
- 6-month performance: Up ~18%
- 1-year performance: Positive returns for longer-term holders
The 52-week high stands at ₹27.70, hit earlier amid Adani acquisition rumors, while the low sits near ₹12–₹13. Post-COVID, the stock surged from sub-₹1 levels but stays well below pre-pandemic peaks.
Volatility stems from group-level issues, not operational setbacks. Trading volumes spike on news days, signaling retail interest alongside growing institutional buying.
Why JP Power Share Fell Today: Manoj Gaur Arrest Explained
The Enforcement Directorate arrested Manoj Gaur, former Executive Chairman of Jaiprakash Associates and ex-MD of Jaypee Infratech, on November 13, 2025, under the Prevention of Money Laundering Act (PMLA). Authorities allege he diverted over ₹14,000–₹32,000 crore from homebuyers and banks, routing funds to related entities instead of completing housing projects in Noida and Greater Noida.
This probe revives old Jaypee Infratech scandals, where thousands of homebuyers await possession. Searches in May 2025 uncovered evidence of fund siphoning through trusts and group companies.
Impact on JP Power:
- Jaiprakash Associates holds ~24% in JP Power, but operations run independently under lender oversight post-2019 debt restructuring.
- No direct operational disruption occurs — power plants generate revenue steadily.
- Sentiment suffers as investors fear contagion, though JP Power clarifies insulation from parent troubles.
Markets view this as a short-term sentiment hit. Savvy investors accumulate on dips, expecting resolution via JAL’s insolvency process.
Jaiprakash Associates Insolvency Update: Adani Group Leads the Race
Jaiprakash Associates undergoes Corporate Insolvency Resolution Process (CIRP) since 2021, with massive debt exceeding ₹50,000 crore. November 2025 brings a pivotal twist in the auction for control.
Key bidders include:
- Adani Enterprises
- Vedanta Group
- Dalmia Bharat Cement
- Jindal Power
- PNC Infratech
Adani now leads with a superior plan:
- Higher upfront payment
- Full settlement in 2 years (vs. Vedanta’s 5-year back-ended structure)
- Lenders prefer faster recovery, boosting Adani’s net present value (NPV)
If Adani wins:
- It automatically gains JAL’s 24% stake in JP Power.
- Lenders (holding ~25–30% from 2019 debt-to-equity swaps) may sell to Adani, potentially yielding ~49% control.
- Adani could inject capital, expand capacity, and unlock massive value.
This scenario drives quiet accumulation — 19 new mutual funds entered in October 2025, with only 10 exiting.
JP Power Fundamentals: A Profitable Power Player Undervalued Today
JP Power operates as a pure-play power generation company with ~2,000+ MW capacity in thermal and hydro segments. It turned consistently profitable after debt restructuring.
Q2 FY26 Highlights (July–September 2025):
- Net profit: ₹182 crore (stable YoY)
- Revenue: ~₹1,438 crore (up 17% YoY)
- Strong operational cash flows support debt reduction.
Key strengths:
- Long-term power purchase agreements (PPAs) ensure stable revenue.
- Low debt-to-equity ratio (improved dramatically in 5 years).
- Exposure to hydro power aligns with India’s renewable push.
- Cement grinding and coal mining add minor diversification.
At current prices, the stock trades at attractive valuations — low price-to-earnings and price-to-book ratios compared to sector peers like NTPC or Adani Power.
JP Power Share Price Target 2025–2030: Analyst Forecasts and Scenarios
Analysts stay cautiously optimistic, citing resolution of parent issues as a key catalyst.
Short-term (End of 2025):
- Base case: ₹20–₹23
- Bullish (Adani resolution): ₹25–₹29
2026 Outlook:
- Targets range ₹26–₹50, assuming operational continuity and potential stake sale benefits.
Longer-term (2030):
- Optimistic forecasts reach ₹100+, driven by capacity addition, renewable shift, and re-rating under stronger ownership.
Risks include:
- Delayed JAL resolution
- Regulatory hurdles in power sector
- Broader market corrections
Upside triggers encompass Adani takeover, strong quarterly results, and lender stake sales.
Institutional Buying Signals: Mutual Funds Bet Big on JP Power
October 2025 data reveals aggressive buying:
- 19 new mutual fund schemes entered positions.
- Only 10 schemes exited.
- Top funds increased stakes, viewing current levels as a bargain.
This contrasts with retail panic-selling post-arrest news. Institutional investors focus on standalone strength and acquisition potential.
Important Alert for Jaiprakash Associates Physical Shareholders
Jaiprakash Associates issued newspaper advertisements on November 15, 2025 (in Jansatta and Financial Express), urging physical shareholders to dematerialize shares. A special window opens from July 7, 2025, to January 6, 2026.
- Contact registrar Alankit Assignments Ltd immediately.
- Update KYC and convert to demat to avoid shares transferring to Investor Protection Fund.
This step prepares for ownership change and protects shareholder value.
Should You Buy, Hold, or Sell JP Power Shares Right Now?
JP Power offers a classic high-risk, high-reward setup in November 2025. Short-term volatility persists due to group negativity, but fundamentals shine — the company makes profits, cuts debt, and may benefit enormously from Adani’s potential entry.
Recommendation:
- Long-term investors: Accumulate on dips below ₹18.
- Short-term traders: Wait for clarity post JAL CoC voting (expected soon).
- Risk-averse: Stay on sidelines until dust settles.
Always consult a financial advisor and conduct personal research. Stock markets carry inherent risks, and past performance does not guarantee future results.
JP Power’s story highlights resilience — a profitable power company overshadowed by parent woes but poised for breakout once clouds clear. Stay updated, as the next few weeks could prove pivotal.