Jaiprakash Power shares jump after announcement of divestment. Should you buy?
Despite weakness in stock market today, Jaiprakash Power shares witnessed strong buying interest in opening bell today. They said that the stock has made 'V' shaped recovery on chart pattern and it may give sharp upside movement in short term. However, the stock is looking positive on chart pattern and shareholders of the stock may continue to hold the scrip maintaining trailing stop loss at ₹7.10 apiece levels." On whether a fresh investor can buy Jaiprakash Power shares, Manoj Dalmia said, "One should buy the scrip only when the stock gives breakout above ₹11.20 on closing basis. The aforesaid board meeting commenced at 08.15 AM and concluded at 08.55 AM on 10th October, 2022. Source: Mint #JaiprakashPower