JP Group bounces back
By
Research Desk
about 10 years ago
Yesterday, the entire JP group led the losers on BSE after Reliance Power deal was called off. The very same stocks are today leading the gainers as the news now is that that very same power units, which could not be sold twice, are now being bought by JSW Energy.
JSW agreed to acquire two hydro-power plants and one thermal power one, the companies said in statements late yesterday. Financial terms were not disclosed and yet the stock zoomed up.
JP Power is top gainer on BSE, up over 8%, followed by JP Infratech up also 8% and JP Associates is number four gainer, up almost 5.5%.