Rakesh Jhunjhunwala Portfolio Coming out of the shadow of Covid-19 heat, Delta Corp reports consolidated net profit of Rs. 703.8 Million in Q3FY22, Just . many times more than There were 12.8 million logins in the corresponding period of the last fiscal. The strong quarterly data reported by Gaming and Hospitality Corporation has caught the attention of stock market experts. He believes that this number is slightly higher than the market expectation.
According to stock market experts, Delta Corp is a quality stock, in which even big investors invest. He added that strong Q3FY22 numbers are going to boost the share price of Delta Corp and in the long term, it could go up 444 per share level. He advised positional investors to buy counter for one year target 444 level.
Speaking on the Delta Corp share price outlook for the short term; Sumeet Bagdia, Executive Director, Choice Broking said, “It is trading in the range of the stock. 245 to 295 each level. So, one can buy this stock on any downside from 270 280 levels and keep accumulating until 250 per share level. it can bounce back and go up 325 level in the short term.”
Investment strategy unveiled for positional investors; Ravi Singhal, Vice Chairman, GCL Securities said, “Delta Corp. has reported strong quarterly numbers, slightly higher than the numbers expected by the markets. Hence, it will fuel Delta Corp. share price to move further north. There is strong support on the Rakesh Jhunjhunwala portfolio stock 222 levels. expect it to go up 444 per share level in one year. Hence, my advice to the positional investors is to buy this stock at the current market price and keep depositing till the top. 250 per share level. However, one must maintain a strict stop loss Taking this position at 222 level.”
Rakesh Jhunjhunwala’s stake in Delta Corp
Delta Corp’s shareholding pattern for the July to September 2021 quarter shows that Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in the company. Rakesh Jhunjhunwala holds 1.15 crore shares or 4.31 per cent stake in Delta Corp while Rekha Jhunjhunwala holds 85 lakh shares or 3.19 per cent stake in the company. Hence, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 7.50 per cent stake in Delta Corp Company in the shareholding pattern for the October to December 2021 quarter.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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