Shares of Jaiprakash Power Ventures Ltd fell nearly 7% on Friday, pulling back from a strong two-day rally that had lifted the stock close to multi-month highs. Investors who drove the sharp rise earlier in the week appeared to lock in gains, leading to a broad round of profit-taking in today’s session.

The stock had surged close to 30% over the past two days, fuelled by optimism around th

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