The shares were purchased at a price of Rs 4,704.45 apiece, which was a 1% discount from the Wednesday closing price of Rs 4755.40 on the BSE.
Chetan Jayantilal Shah was another buyer in the deal, purchasing 25,000 equity shares at Rs 4,707 per share.
John Cockerill SA (formerly Cockerill Maintenance and Ingenierie SA) is a Belgium-based industrial engineering group with global operations across energy, defence, industry, environment, transport and infrastructure. It is the parent company of the wider John Cockerill Group.
John Cockerill India Limited is the Indian subsidiary of John Cockerill SA, and it engineers large-scale technological solutions for issues like the energy transition, sustainable industrial production, and resource preservation. The company provides advanced equipment and solutions in areas such as energy (including green hydrogen), defence, steelmaking, environmental technologies, and general industry.
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John Cockerill India shares today ended with gains of 6.3% or Rs 298.25 at Rs 5053.65.The stock is currently trading below its 50-day simple moving average (SMA) of Rs 5,144.8 while above its 200-day SMA of Rs 4,155, according to Trendlyne data.
The stock’s 1-year returns stand at 13.87%, outperforming the Nifty and BSE Sensex in the same period. The benchmark indices have delivered 10% and 8% returns, respectively, in the same period. However, John Cockerill has seen a significant rally in the past six months, with shares surging 45%.
The price movement came amid high volatility, with a 1-year beta of 1.3, Trendlyne data said.
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Its September quarter standalone net profit was Rs 9 crore, a 219% YoY growth, while total revenue jumped 29% YoY to Rs 99 crore.
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