But just when pessimism was at its peak, a surprise turnaround came in the second half of the year. In less than three months, nine of those beaten-down counters staged a remarkable comeback, climbing over 40% each.
JP Power shares soar 20% on optimism around Adani Power’s 24% stake purchase
Jaiprakash Power Ventures shares surged on Wednesday, extending gains for a fifth straight session and rising more than 25% during this period. Trading activity remained