cURL Error: 0 John Cockerill Bulk Deal: Ramesh Damani Rs. 13 crore buys the stake as the promoter has paid Rs. 91 crore share was bought - PratapDarpan
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Saturday, February 21, 2026

John Cockerill Bulk Deal: Ramesh Damani Rs. 13 crore buys the stake as the promoter has paid Rs. 91 crore share was bought

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Ace investor Ramesh Damani on Friday bought smallcap company John Cockerill India through a bulk deal of Rs. 27,500 shares worth Rs 13 crore were bought. The promoter entity, John Cockerill SA raised Rs. 91 crore worth 1.91 lakh shares were sold.

Share Rs. 4,704.45, compared to Rs. There was a 1% discount from Wednesday’s closing price of 4755.40.

Chetan Jayantilal Shah was the other buyer in the deal, who paid Rs. 4,707 bought 25,000 equity shares.

John Cockerill SA (formerly Cockerill Maintenance & Engineering SA) is a Belgium-based industrial engineering group with global operations in energy, defence, industry, environment, transport and infrastructure. It is the parent company of the giant John Cockerill Group.

John Cockerill India Limited is the Indian subsidiary of John Cockerill SA and engineers large-scale technology solutions for issues such as energy transition, sustainable industrial production and resource conservation. The company provides advanced equipment and solutions in areas such as energy (including green hydrogen), defense, steelmaking, environmental technologies and general industry.

Also Read: Bellarys Industries Block Deal: SBI MF, BlackRock Offer Promoter Rs. 897 crore bought 6.56% stake

Share of John Cockerill India today Rs. 5053.65 by 6.3% or Rs. Ended with a rise of 298.25.

According to Trendline data, the stock is currently trading below its 50-day simple moving average (SMA) of 5,144.8 while its 200-day SMA is Rs. 4,155 above.

The stock has a 1-year return of 13.87%, outperforming Nifty and BSE Sensex over the same period. The benchmark indices have returned 10% and 8% respectively in the same period. However, John Cockerill has seen a significant rally over the past six months, with shares up 45%.

Trendline Data said the price movement came amid high volatility, with a 1-year beta of 1.3.

Read More: Akzo Nobel bulk deal: Goldman Sachs to raise Rs. 106 crore shares were bought as the promoter paid Rs. 1,296 crores was deducted

Its September quarter standalone net profit was Rs. 9 crore, a 219% YoY growth, while total revenue rose 29% YoY to Rs. 99 crores.

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)

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