Jaiprakash Power Ventures' share price surges 44% in 7 days, hits 12-year high.

Jaiprakash Power Ventures' share price surged 13% to a 12-year high of ₹26.81, a 44% increase in 7 days. The smallcap power generation company's stock price has more-than-doubled from its 52-week low of ₹12.6. The average trading volume increased 2-fold, with 681 million shares changing hands on the NSE and BSE. The Adani group is reportedly leading the race to acquire insolvent Jaiprakash Associates with an unconditional bid of at least ₹12,000 crore.