Rakesh Jhunjhunwala earned ₹145 cr in a month from this hospitality stock

Increase in net worth of Rakesh Jhunjhunwala

As per Delta Corp’s shareholding pattern for the April to June 2021 quarter, Big Bull holds 20 million shares in the company. In this way the share of Rakesh Jhunjhunwala Holding Company registered an increase. ₹72.35 each in September 2021. Therefore, the net increase in Big Bull’s assets in Delta Corp is approx. ₹145 crore ( ₹72.35 x 2,00,00,000).

However, stock market experts are still bullish regarding the share of Rakesh Jhunjhunwala Holding Company. He believes that the stock is still looking positive and it may go up ₹400 each in a medium to long term perspective.

Delta Corp Share Price Outlook

highlighting the fundamentals that supported the Delta Corp share price rally; Rahul Sharma, Co-Founder, Equity99 said, “The company is virtually debt free. The company continues to generate positive operating cash flow. Promoters hold 33.28 per cent stake in the company, DIIs hold 7.78 per cent while FIIs hold 6.80 per cent. Percentage stake in Delta Corp. We expect it to reach the target price of the counter ₹from 280 ₹300 in the short term.”

Delta Corp, an Indian gaming and hospitality firm, owns and operates casinos in the country.

Speaking on the long-term Delta Corp share price target; Santosh Meena, Head of Research, Swastika Investmart Ltd said, “Technically, the counter is entering a bullish zone after seeing a breakout of a bullish inverted head and shoulders formation, which could move this counter in the direction of Is. ₹400 per equity share level in the medium to long term ₹280 would be the immediate target. on the negative side, ₹200 to ₹The 180 zone will act as a strong demand zone on any correction.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.