Rakesh Jhunjhunwala Portfolio Gaming and hospitality stock Delta Corp has given a 7-day consolidation breakout Based on closing at 260 per share level. According to stock market experts, there is a possibility of further rise in the shares of Delta Corp. 380 per share level over the long term. He advised the situational investors to add this stock of Rakesh Jhunjhunwala to their stock portfolio while those who already have this stock in their portfolio can hold the counter for better returns.
Delta Corp Share Price Outlook
Expected sharp jump in Delta Corp share price; Sumeet Bagdia, Executive Director, Choice Broking said, “Delta Corp shares have given a 7-day consolidation breakout. 260 levels in Wednesday’s session on closing basis. This indicates a sharp positive move for the counter in the upcoming trading sessions. Positional investors can buy shares of Delta Corp. 265 to 270 range for near term target 285 to 300. However, stop loss must be maintained 245 levels.”
Highlighting the fundamentals regarding Delta Corp shares; Manoj Dalmiya, Founder and Director, Profitable Equities Ltd. said, “In Q2FY22, Delta Corp has registered a net profit growth of 58.50 per cent on a year-on-year basis. However, FPIs and FIIs sold their stake in the counter in July. given. September 2021 quarter.”
Delta Corp Share Price Targets for the Long Term
Manoj Dalmiya, Proficient Equities Ltd. said that from technical point of view, the stock has tested these levels several times and added that Rakesh Jhunjhunwala portfolio stock can go either way depending on the market sentiment. He added that aggressive investors can buy shares of Delta Corp at current levels for an immediate short-term target. 306 levels. However, for buyers with a defensive position, he advised them to buy the counter. from 240 250 levels for the long term goal of 380 levels. However, Manoj Dalmiya recommends a strict stop loss here 234 per share level for this long position.
echoing the thoughts of Manoj Dalmiya; Ravi Singh, Research Head and Vice President, ShareIndia, also said that defensive investors can buy shares of Delta Corp at around-the-clock price. 250 level for long term horizon.
Rakesh Jhunjhunwala’s holding in Delta Corp
As per the shareholding pattern of Delta Corp for the July to September 2021 quarter, both Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in this company. Rakesh Jhunjhunwala holds 11.5 crore Delta Corp shares or 4.31 per cent stake in the company. Rekha Jhunjhunwala holds 8.5 million shares of Delta Corp, which is 3.19 per cent of the total paid-up capital of the company. Therefore, Jhunjhunwala holds 20 million Delta Corp shares or 7.50 per cent stake in the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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