Veteran investor Ramesh Damani recently snapped up a sizable block of John Cockerill India shares, a move that caught market attention.
Deal Overview
On Friday, Damani purchased 27,500 shares for roughly ₹13 crore. The shares were bought at ₹4,704.45 each, about 1% lower than the previous closing price of ₹4,755.40 on the BSE.
Another buyer, Chetan Jayantilal Shah, took 25,000 shares at ₹4,707 each in the same transaction.
Company Background
John Cockerill India is the Indian arm of Belgium‑based John Cockerill SA, a global engineering group active in energy, defence, industry, environment, transport and infrastructure. The Indian subsidiary focuses on large‑scale solutions such as green hydrogen, sustainable steelmaking, defence equipment and other industrial technologies.
Recent Stock Performance
- Shares closed higher on the day, up 6.3% to ₹5,053.65.
- The stock trades below its 50‑day simple moving average (₹5,144.8) but above its 200‑day average (₹4,155).
- One‑year return is about 13.9%, beating the Nifty (10%) and Sensex (8%).
- In the last six months, the share price has jumped roughly 45%.
Financial Snapshot
For the September quarter, the company reported a net profit of ₹9 crore, a 219% jump year‑on‑year. Total revenue rose 29% to ₹99 crore.
What This Means for Investors
Damani’s purchase suggests confidence in the company’s growth story, especially in areas like green energy and defence. The bulk deal also added buying pressure, which helped lift the stock price.
For small‑cap investors, the move may indicate a broader interest in companies that are positioned to benefit from India’s energy transition and industrial modernization.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before making any investment decisions.