John Cockerill India shares surge 5% for second straight day after Ramesh Damani’s bulk deal
John Cockerill India shares jumped nearly 5% after veteran investor Ramesh Damani bought shares via a bulk deal, extending a two-day rally. The move lifted investor sentiment, supported by strong long-term returns and bullish technical signals, though valuations remain elevated at current levels.
Shares of John Cockerill India surged nearly 5% to Rs 5,309 during Monday’s trading session on the BSE, marking the second consecutive day of a sharp rally, with the stock gaining over 11% cumulatively. The strong upward move comes after noted investor Ramesh Damani bought shares in the company through a bulk deal last week.
According to exchange data, Ramesh Damani purchased 27,500 equity shares, valued at around Rs 13 crore, on Friday, December 26, 2025. The shares were acquired at an average price of Rs 4,704.45 per share, which was about 1% lower than the previous trading session’s closing price of Rs 4,755.40.
On the selling side, the company’s promoter entity, John Cockerill SA offloaded over 1.91 lakh shares, worth approximately Rs 91 crore, through the same bulk deal. Another investor, Chetan Jayantilal Shah, also participated in the transaction, purchasing 25,000 shares at Rs 4,707 per share.
John Cockerill SA, formerly known as Cockerill Maintenance and Ingénierie SA, is a Belgium-based industrial engineering group with operations across energy, defence, environment, transport, and infrastructure. John Cockerill India Limited is its Indian subsidiary and focuses on providing advanced engineering solutions in areas such as green hydrogen, defence manufacturing, steelmaking, environmental technologies, and sustainable industrial production.
At current market levels, John Cockerill India is trading at relatively premium valuations. The stock commands a P/E ratio of 278.93, a price-to-sales ratio of 5.32, and a price-to-book value of 11.67. Such elevated valuation metrics indicate that the market is factoring in strong future growth prospects for the company.
Over the past three years, John Cockerill India has delivered an impressive 325% return, substantially enhancing investor wealth.
From a technical standpoint, the stock’s RSI (14) of 52.8 reflects neutral momentum, suggesting it is neither overbought nor oversold. Additionally, the share price is trading above all major moving averages, ranging from the 5-day to the 200-day SMA, which points to a bullish trend in the near to medium term.
Market participants are closely watching the stock after the entry of a well-known investor, which has boosted sentiment and confidence. Combined with strong long-term performance and bullish technical indicators, the stock has seen renewed buying interest over the past two sessions.
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