John Cockerill India Shares: Famous stock market investor Ramesh Damani has invested in the shares of John Cockerill India Limited. After this news, the shares of John Cockerill India have seen a rise of about 13.5 percent in the last two days.
During trading on Monday, December 29, the company’s shares rose by more than 6 percent to reach the level of ₹ 5,420. Earlier on Friday also, a strong rise of about 6.5 percent was recorded in the company’s shares.
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According to data available on BSE, Ramesh Damani bought 27,500 shares of John Cockerill India through a block deal last week. The deal was done at a price of around ₹ 4,700 per share, the total value of which was around ₹ 13 crore. In this transaction, the company’s promoter John Cockerill SA sold a part of his stake.
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what does the company do
John Cockerill India is an industrial equipment and components manufacturing company. The company deals in designing, manufacturing and commissioning of cold rolling mill complexes and processing lines. Apart from this, the company is also working on technology related to energy transition.
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shareholding pattern
According to the shareholding pattern for the September quarter, promoters held 75 per cent stake in the company before the recent sale. Ramesh Damani did not have any stake in the company before, or his stake was less than 1 percent. For this reason his name was not included in the list of public shareholders.
Small retail investors hold about 15.9 percent shares of the company. Retail investors are those whose total investment value is less than ₹ 2 lakh. The stake of mutual funds and FPI i.e. foreign portfolio investors in the company is very less.
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stock performance
At around 10:30 am, shares of John Cockerill India were trading at ₹5,357.90 on the BSE, up 6.02 per cent. The company’s shares have increased by about 57 percent in the last six months. At present the market capitalization of the company is around ₹ 2,500 crore.
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