JP Power Share Price Surges 5% to Hit Upper Circuit Amid Solar Project Plans | Stock Market Today

Market Performance

The Indian stock market on Thursday, August 28, opened on a volatile note with selling pressure seen across key indices. But in the middle of this broader weakness, JP Power share price stood out. The stock of Jaiprakash Power Ventures Ltd. (JP Power) jumped straight to its 5% upper circuit at ₹18.96, catching the attention of retail investors and traders alike.

This sharp move came despite the overall market sentiment being weighed down by global trade tensions after the US imposed 25% tariffs on Indian imports.

Main News

The rally in JP Power was triggered by a major corporate update. The company announced plans to set up a Solar PV Power Plant of 50 MW capacity at its existing Jaypee Bina Thermal Power Plant (500 MW JBTTP) site in Madhya Pradesh.

Key highlights from the update:

• Planned capacity: 50 MW Solar PV Plant
• Location: Bina, Madhya Pradesh (within JBTTP premises)
• Proposed investment: ₹300 crore
• Approval status: Subject to necessary clearances, including lenders’ approval

This marks a fresh step in the company’s gradual diversification towards renewable energy, aligning with India’s growing clean energy focus.

Company Details

Jaiprakash Power Ventures Ltd. is part of the Jaypee Group and operates across multiple power generation segments.

• Current operational capacity: 2,220 MW (spread across 3 power plants)
• Thermal + Hydro portfolio: Balanced mix of generation assets
• New solar venture: Expected to add renewable exposure to its portfolio once cleared

JP Power Earnings Snapshot

While the stock rallied on the solar project announcement, the recent financial performance painted a mixed picture.

For the June quarter of FY26, JP Power reported:

• Net Profit: ₹278.13 crore, down 20% YoY (vs. ₹348.54 crore last year)
• Total Income: ₹1,630.88 crore, lower compared to ₹1,779.06 crore YoY

The decline was largely due to lower revenues impacting profitability.

JP Power Share Price Trend

Despite short-term pressures, the stock has delivered strong returns over time:

• Weekly trend: Down ~6%
• 6-month performance: Up nearly 29%
• 2-year performance: Multibagger with 137% gains
• 5-year journey: A staggering 504% rise

On Thursday, the stock opened at ₹18.94, higher than its previous close of ₹18.06, before hitting the 5% upper circuit at ₹18.96.

Summary

• JP Power share price locked at the 5% upper circuit on Thursday at ₹18.96.
• The rally followed the announcement of a ₹300 crore investment plan for a 50 MW solar project at its Bina site in Madhya Pradesh.
• Earnings for Q1 FY26 showed a decline with 20% lower net profit YoY and reduced revenues.
• Despite near-term volatility, the stock remains a long-term outperformer with over 500% gains in 5 years.