New Delhi, July 11 -- JP Power share price surged 8 per cent in intraday trade to hit a 52-week high of Rs.24.86 in intraday trade on the BSE on Friday, July 11, in a weak market. JP Power share price opened at Rs.23.17 against its previous close of Rs.23.02 and jumped 8 per cent to a one-year high of Rs.24.86. However, the stock pared gains and traded 3 per cent higher at Rs.23.70 around 2:50 PM.

Shares of Jaiprakash Power Ventures have been on a roll in the recent past. In the last one month, the stock has surged 30 per cent while the stock market has been rangebound.

The small-cap stock hit a 52-week low of Rs.12.35 on March 3 this year, but ended 7 per cent higher for the month. It has been in the green since March.

The stock has b...