New Delhi, July 15 -- Jaiprakash Power Ventures has witnessed a remarkable surge in its share price in recent sessions, driven by heightened demand on Dalal Street after the Adani Group emerged as the leading bidder to acquire Jaiprakash Associates, which holds a 24% stake in Jaiprakash Power Ventures.

Over the last seven trading sessions, the stock has climbed from Rs.18.67 to a previous close of Rs.27.23, marking a sharp gain of 46%. Notably, the stock has remained in the spotlight even as the broader Indian stock market continues to struggle in finding momentum.

The stock has staged a strong comeback after hitting a one-year low of Rs.12.52 in early May, with recent momentum pushing the total rally since then to 117.5%.

Jaiprakash A...