Rakesh Jhunjhunwala Portfolio: Experts recommend ‘buy’ on this hospitality stock

Rakesh Jhunjhunwala speaking on the fundamentals backing the portfolio stock; Rahul Sharma, Co-Founder, Equity99, said, “Delta Corp Ltd. is the largest gaming company in India and they are the only listed company in casino gaming with 2000+ live gaming positions. They have managed to capture 55 percent of the market share. In the organized casino market, the company holds approximately 34 per cent share of Advani Hotels & Resorts Ltd. Rakesh Jhunjhunwala Company continues to generate positive operating cash flow.”

echoing the thoughts of Rahul Sharma; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Delta Corp is one of the leading players in this industry and it can see a growth spurt from here after the difficult period of Covid-19. Its online business has grown tremendously in the past. years but it is still a small part of its overall business. I believe it is likely to be the biggest beneficiary of reopening theme and rebound in tourism. It is one of the preferred stocks of FIIs As it is the only listed player in the (Casino) space while some major investors (including Rakesh Jhunjhunwala) are on the shareholders’ list.It is a debt-free company and the government’s efforts to promote lifestyle changes and tourism in India. Its outlook is bullish. While the outlook is bullish, it could remain volatile as there are some regulatory challenges in this business.”

advising investors to buy shares of Delta Corp; Sumeet Bagdia, Executive Director, Choice Broking said, “The stock has given fresh breakout recently. ₹200 at closing base and has managed to maintain above ₹200 per equity share mark. For immediate target, buy Delta Corp shares at current market price ₹from 250 ₹maintain stop loss at 275 ₹200.”

Unveiling the key levels with respect to this Rakesh Jhunjhunwala stock, Santosh Meena of Swastika Investmart said, “Technically, Delta Corp counter entering bullish territory after witnessing a breakout of a bullish inverted head and shoulders formation. doing what can lead to this counter. ₹400 level in the medium to long term. on the downside, ₹200 to ₹The 180 zone will act as a strong demand zone on any correction.”

Rakesh Jhunjhunwala’s stake in Delta Corp

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in this company as per the shareholding pattern of the hospitality and gaming company for the period April to June 2021. Rakesh Jhunjhunwala holds 1.15 crore Delta Corp shares, which is about 4.31 per cent of the company’s net shares, while Rekha Jhunjhunwala holds 85 lakh Delta Corp shares, which is 3.19 per cent of the company’s net shares. Hence, Rakesh and Rekha Jhunjhunwala hold 7.50 per cent shares of Delta Corp.