Stock-specific action is going on in the stock market. Although the index movement remains in a range, an upside trend is going on in some stocks. Experts believe that stock-specific action may continue in the coming trading sessions.
In sectoral rotation, some investors are also moving towards the power sector. Demand in the power sector is expected to increase in the coming days. Investors are eyeing the power sector.

Power sector penny stock Jaiprakash Power Ventures Limited has been on the investors' radar for the last several days. This stock has already given multi-bagger returns to its investors and is now once again ready for upside movement.

Shares of Jaiprakash Power Ventures Limited closed at Rs 22.21 in the last trading session. The market cap of this company is Rs 15.30 thousand crores. In the last one year, this stock has given a return of 130% to its investors.

Jaiprakash Power Venture Limited is a company engaged in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric power, which has kept its earnings consistent for the last few years. Currently, the company's return on equity is 12.80%, while ROCE is 14.0%, which can be called healthy. For the last five years, the company has recorded a good profit growth of 39.8% CAGR.

The PE ratio of the stock is 9.69, which can be said to be fine. The book value of this stock is Rs 16.70. That is, its book value of Rs 16.70 is good against the share price of Rs 22.21. This means that the company has sufficient assets.

Jaiprakash Power Ventures Limited, a midcap company in the power generation and distribution industry, is showing positive growth in the stock market. Jaiprakash Power Ventures Limited has attracted the attention of investors and analysts in the last few months. The stock has consistently traded above its moving averages and has outperformed the overall market.

Jaiprakash Power Ventures Limited is consistently trading above its moving averages, which include 5-day, 20-day, 50-day, 100-day and 200-day averages. This indicates a strong upward upside trend for the stock.