Shares of Jaiprakash Power Ventures Ltd (JP Power) surged as much as 4.7% on Monday to hit Rs 24.75 on the NSE, extending a sharp rally that has seen the stock rise more than 7% over the past week. The fresh upswing comes on the heels of a new 52-week high of Rs 24.86, recorded on Friday, July 11.The power and infrastructure stock has been on a tear this year, gaining 34.3% in 2025 so far and up 31.5% over the last 12 months. Longer-term returns are even more staggering, with the stock rising 302.2% in the past two years and delivering an eye-watering 1183% return over the last five years.Bullish charts, overbought signalsFrom a technical perspective, JP Power is currently trading above all its eight key simple moving averages (SMAs), spanning the 5-day to 200-day markers, suggesting robus