Jaiprakash Power vs NTPC: Which Power Stock Should You Buy Now?

July 7, 2025: Shares of Jaiprakash Power Ventures continued their sharp upward trajectory today, gaining 18.89% in a single session to close at ₹22.53 on the BSE. The stock saw intraday volatility, touching a low of ₹18.96 and a high of ₹22.74, inching close to its 52-week peak of ₹23.77.

The power generation and distribution company, classified as a Smallcap, has emerged as one of the most actively watched stocks in the energy sector, with performance metrics far surpassing those of major industry players.

Short-Term Momentum and Technical Outlook

The stock has delivered 43.05% returns in the past month and 58.66% over the last three months, signaling robust short-term momentum. Over the last week alone, it gained 22.22%, making it one of the top-performing stocks in the space.

From a technical standpoint, today’s price action pushed the stock above key resistance levels:

• R1: ₹21.57
• R2: ₹22.3
• Approaching R3 at ₹23.61

On the downside, the immediate support levels are:

• S1: ₹19.53
• S2: ₹18.22
• S3: ₹17.49

Daily pivot point stands at ₹20.26, indicating a strong bullish breakout above recent averages.

Moving averages further support this bullish view:

• 5-Day SMA/EMA: ₹18.44 / ₹18.68
• 10-Day SMA/EMA: ₹17.88 / ₹18.34
• 20-Day SMA/EMA: ₹17.62 / ₹17.75
• 50-Day SMA/EMA: ₹15.91 / ₹16.63
• 100-Day SMA/EMA: ₹15.1 / ₹16.15
• 200-Day SMA/EMA: ₹16.53 / ₹16.21

These numbers confirm sustained momentum above long-term trend lines.

Long-Term Performance: A Multibagger in the Making?

Over a five-year period, Jaiprakash Power Ventures has posted a staggering 869.74% return, with a three-year gain of 248.74%, far outpacing large-cap competitors like NTPC. By comparison, NTPC has returned 138.9% over three years and 253.2% over five years.

While NTPC posted a modest 2.31% gain in the last month and a -3.93% decline over the past three months, Jaiprakash Power Ventures has significantly outperformed, underscoring its growing momentum among retail and institutional investors.

Outlook

With bullish technicals and strong near-term gains, Jaiprakash Power Ventures continues to attract momentum investors. However, analysts caution that such sharp rallies may lead to volatility, especially in a smallcap stock, and advise closely monitoring resistance levels and volume indicators for trend confirmation.

As the broader power sector navigates through policy shifts, green energy transitions, and capital expenditure cycles, Jaiprakash Power Ventures has emerged as a standout performer—at least in the short term.