Shares of Delta Corp fell nearly 2% in Thursday’s trading session on the BSE after an Indian ace investor and stock market trader reduced his stake in the company from May 27 to May 31, 2022. The stock has fallen more than 21% in one month.
Jhunjhunwala, also known as India’s Warren Buffet, has reduced his stake in Delta Corp to 6.2% after he acquired 2.5 million shares or 0.9% in the company from May 27 to May 31, according to a recent exchange filing. have sold.
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held a combined stake of around 7.5% as on March 31, 2022, as per the shareholding pattern on BSE. After the latest transaction, the investor owns 6.2% or 1,65,00,000 shares of Delta Corp.
delta corp is an Indian gaming and hospitality company in India, which owns and operates casinos (live, electronic and online). Shares of Delta Corp are up about 18% over the one-year period, however, down more than 19% so far in 2022 (YTD).
Delta Corp’s consolidated net profit falls 17% for the fourth quarter 48 crores as compared to 58 crore in the corresponding period of last year. Company’s sales grew marginally 218 crores from 211 crore a year ago. The company said that it posted strong numbers for the entire financial year despite the shutdown of operations at various periods due to the ongoing COVID crisis.
Rakesh Jhunjhunwala, also known as Big Bull, invests in both himself and his wife Rekha Jhunjhunwala. He is a qualified Chartered Accountant (CA) and manages the asset firm Rare Enterprises. His investments and portfolio are closely monitored by Share Market participants. Rakesh Jhunjhunwala & Associates has 34 publicly held stocks with high net worth 29,780.6 crores as per trendline.