JP Power share price drop 1.58% as Sensex falls


Shares of Jaiprakash Power Ventures Ltd. traded 1.58 per cent down at Rs 17.45 at 10:54AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 35.37 points to 82409.84.

The scrip had closed at Rs 17.73 in the previous session. The stock quoted a 52-week high price of Rs 23.77 and 52-week low of Rs 12.36, respectively. As per BSE data, total traded volume on the counter till 10:54AM (IST) stood at 66294165 shares with a turnover of Rs 115.22 crore.

At the current price, shares of the company traded at 13.27 times its trailing 12-month EPS of Rs 1.19 per share and 0.8 times its price-to-book value, exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.12.

Live Events


Shareholding Details Promoters held 24.0 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.31 per cent and DIIs 0.28 per cent. Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 73.47. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a’buy’ or’sell’ recommendation using a single valuation ratio.



Source link

Releated Posts

ArisInfra Solutions to Launch Rs 500 crore IPO on June 18. Check details

ArisInfra Solutions, a B2B construction materials platform backed by Pharmeasy cofounder Siddharth Shah, is set to launch its…

ByAjay jiJun 12, 2025

Jubilant Group promoters to offload stakes in listed companies via block deals: Report

The Bhartia family — promoters of the Jubilant Group — is planning to sell small stakes in its…

ByAjay jiJun 12, 2025

US stocks open lower as Middle East tensions rise

Wall Street’s main indexes opened lower on Thursday as signs of rising tensions in the Middle East hurt…

ByAjay jiJun 12, 2025

Explainer! As Sebi set to launch UPI IDs for market intermediaries, 5 things investors should know

Investors can choose their preferred mode of payment while transacting with stock market intermediaries, Securities and Exchange Board…

ByAjay jiJun 12, 2025

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version