Shares of (JP Power) continued their strong upward run for the second consecutive session on Thursday. The stock surged 12.26 per cent to hit a day high of Rs 22.80. At this level, it has gained 29.25 per cent in two trading days. Advertisement

The recent upswing followed an update indicating that creditors of its associate company, (JP Associates), unanimously voted in favour of Adani Enterprises Ltd's resolution plan.

The decision came after an electronic auction held in September, where Vedanta had initially emerged as the highest bidder with a Rs 17,000 crore offer for the debt-laden JP Associates. However, lenders reportedly opted for Adani Enterprises, with higher upfront payments cited as the key factor behind the selection.

JP Power's stock recorded heavy trading volume along w

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