Jaypee Group stocks showed a strong rally on Monday, July 7, after reports stated that Adani Group emerged as the frontrunner to buy Jaiprakash Associates, which is under the insolvency resolution process.
However, Adani is facing a neck-to-neck competition with another rival, Dalmia Group. Nonetheless, on July 7th, Jaiprakash Power and Jaiprakash Associates shares touched 20% and 5% upper circuit, respectively.
Jaiprakash Power Share Price:
After market hours of July 7, JP Power stock price froze at its 20% upper circuit to end at Rs 22.74 apiece. In general terms, the upper circuit means that there were several buyers in a stock but no sellers.
JP Power’s market value is at Rs 15,584.77 crore. The stock is near its 52-week high of Rs 23.77 apiece. This power company has recorded a strong bullish trend throughout 2025. YTD, the stock zoomed by nearly 26%.
But in the past five sessions, JP Power jumped over 23% riding on the latest bull rally. In six months, the stock zoomed by nearly 32% on the BSE.
Jaiprakash Associates Share Price:
The limelight of the day is Jaiprakash Associates which has currently grabbed the interest of both Adani and Dalmia. After market hours, JP Associate shares froze at 5% upper circuit to Rs 3.22 apiece, with a market cap of Rs 790.38 crore.
Unlike JP Power, JP Associates has witnessed a bearish 2025. YTD, the stock is down by nearly 46%. However, in the past five sessions, JP Associates zoomed by at least 5.6%.
Is Adani the Top Bidder For Jaiprakash Associates?
People familiar with the matter told Business Standard, that the Adani group has emerged as the frontrunner to acquire Jaiprakash Associates Ltd (JAL), which is currently undergoing insolvency proceedings, with a bid of up to Rs 12,500 crore,
Gautam Adani-backed port-to-power conglomerate has reportedly proposed more than Rs 8,000 crore as an upfront payment without any preconditions, as per these sources.
However, Adani faces intense competition from companies Dalmia Bharat, Vedanta, Jindal Power, and PNC Infratech.
JP Associates is sitting on a mountain of debt worth over Rs 59,000 crore. The insolvency resolution is likely to revive the business and compensate for the defaulted dues against creditors. However, the CoC is yet to finalise a full-fledged resolution plan, and would require NCLT approval to take the process ahead.
According to Angel One’s report, Adani Group’s acquisition of JP Associates is a strategic fit to its growing cement and infrastructure empire.
The brokerage’s report explained that JAL’s cement division is seen as a critical asset, complementing Adani’s recent acquisitions like Ambuja Cements and ACC. By acquiring JAL, Adani could consolidate its cement market presence and gain access to valuable real estate projects. The group’s broader infrastructure portfolio stands to benefit from synergies across energy, logistics, and construction segments.
The Adani Group’s Rs 12,500 crore bid positions it strongly in the race for Jaiprakash Associates, reflecting its focus on expanding in cement and infrastructure. As the CoC evaluates the resolution plans and the final approval moves to NCLT, this acquisition could significantly reshape industry dynamics while providing a path for JAL’s revival, as per Angel One.