Ramesh Damani Buys John Cockerill India Shares in Bulk Deal; Stock Surges

• Veteran investor Ramesh Damani acquired 27,500 shares of John Cockerill India for approximately ₹13 crore via a bulk deal.
• Promoter entity John Cockerill SA sold over 1.91 lakh shares worth ₹91 crore in the same transaction.
• Chetan Jayantilal Shah also purchased 25,000 equity shares of the company at ₹4,707 per share.
• John Cockerill India's stock surged over 6% on Friday, closing strong.
• The stock has more than doubled from its 52-week low but is 24% down from its 52-week high.

Why It Matters: Prominent investors bought John Cockerill India shares from promoters in a bulk deal, sparking a stock surge.