JP Power Share Price Plummets in Hot Weather, Investors Concerned 😓
🔻 Jayprakash Power Ventures Limited’s shares have been seeing a decline in the past few days, even amidst the hot weather. On Thursday (30th May), the stock dropped by more than 1%. However, over the long term, the stock has provided investors with multi-bagger returns. The stock is currently trading at ₹19.14, with a 52-week high of ₹23.99. Earlier this year in February, the share reached this peak. In May 2023, the stock hit a low of ₹5.72, which is the 52-week low.
Impressive Returns for JP Power Ventures Limited Shares 💰📈
📈 This year, JP Power Ventures Limited has given returns of up to 30% on the BSE. Over the past year, power shares have provided a return of 230%. In the last three years, the stock has given a return of 400%, and in the last five years, a return of 700%.
Key Appointments and Financial Performance of JP Power Ventures Limited 💼💵
👔 Recently, JP Power Ventures has reappointed Surender Jain as the company’s Managing Director and CEO. Sunil Kumar Sharma has been reappointed as an Executive Director for a year from April 2024. Praveen Kumar Singh has been reappointed as an Executive Director for a five-year term. Similarly, Dinesh Kumar Likhhi has been reappointed as a non-executive independent director for a three-year term starting from August 6, 2024.
💹 In the March quarter, the company earned a net profit of ₹588.79 crore, compared to a net loss of ₹43.99 crore in the same quarter of the previous financial year. The company’s total income in the March 2024 quarter increased to ₹1,863.63 crore. For the entire financial year 2023-24, its net profit increased to ₹1,021.95 crore.
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