Block Deal: Stock in Focus After Ramesh Damani Makes a Fresh Bet, Acquires ₹13 Cr Worth of Shares

Synopsis: Investor Ramesh Damani bought 27,500 shares of John Cockerill India from promoter John Cockerill SA for Rs. 12.94 crore. The stock surged over 8%, reflecting strong market interest and positive sentiment.

This company, which specialises in designing, manufacturing, and commissioning cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces, and auxiliary machinery for ferrous and non-ferrous industries globally, is now in the spotlight after investor Ramesh Damani acquired a stake worth approximately 13 cr.

With a market capitalisation of Rs. 2,646 cr, the shares of John Cockerill India Ltd are currently trading at Rs. 5,358 per share, jumping 8.5% in today’s market session, making a high of Rs. 5,484, from its previous close of Rs. 5,053.65 per share. The stock has surged about 15% in the last two trading sessions. It has delivered 30% returns year-to-date, 59% over the past six months, and 9% in the last month.

Investor Ramesh Damani recently acquired 27,500 shares of the company at Rs. 4,704 per share through block deals, amounting to a total investment of approximately Rs. 12.94 crore. 

The stake was sold by the company’s promoter, John Cockerill SA. Such a purchase by a prominent investor can be seen as a vote of confidence in the company’s prospects, potentially boosting market sentiment and attracting other investors, which may support the stock price in the near term. As of Q2FY26, the promoters of the company held a 75% stake, foreign institutional investors (FIIs) held 0.02%, and the public owned 24.97% of the shares.

John Cockerill India Limited specialises in designing, manufacturing, and installing reversible cold rolling mills and processing lines. It provides advanced steel and non-ferrous treatment technologies, heat treatment solutions for aviation, forging, casting, and hydrometallurgical ore extraction, offering complete local engineering and support.

It operates across a global industry segment portfolio, focusing on metals, iron and steel processing, rolling, and technology services for energy efficiency. Its metals business includes surface treatment, providing sustainable, high-performance solutions for the steelmaking industry worldwide.

The company has reported strong financial growth, with sales rising 28% year-on-year to Rs. 97.0 crore from Rs. 76.0 crore. EBITDA surged to Rs. 11.3 crore from a negative Rs. 8.64 crore, while net profit jumped to Rs. 8.92 crore from a loss of Rs. 7.50 crore. EPS also improved, reaching Rs. 18.06 from a negative Rs. 15.19, reflecting a strong turnaround in profitability.

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