Six months ago the price per share was Rs 146. Today (Wednesday) it has increased to Rs 26.4 (till 1:2 pm on National Stock Exchange). Not only this, in the last one year, investors have got returns of about 150 percent from Rakesh Jhunjhunwala’s portfolio stock Delta Corp.
Experts claim that the stock market is still optimistic about Delta Corp from both fundamental and operational point of view. The number of coronavirus cases in the country is currently under control. The national economy has come a long way from the fears created by the third wave of Corona. Experts expect the company’s hospitality and casino business to see higher profits ahead of Christmas and the New Year. According to him, if the price of each share of Delta Corp remains above Rs 305 for some time, then investors can get higher returns. In other words, the price of the shares will increase further.
Sumit Bagaria, Executive Director, Choice Broking expects the share price of Rakesh Jhunjhunwala’s portfolio stock Delta Corp to rise further. At present, according to the market forecast, there is a positive trend in the shares of Delta Corp. In a short time, the price of each share can increase from Rs 310 to Rs 325. According to experts, now anyone can buy shares in that company and keep the shares till the price is Rs 280.
How many shares does Rakesh Jhunjhunwala hold in Delta Corp?
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 8.5 per cent stake till July-September this year.
(Note: Comment or analysis made by experts is their personal opinion. It is not like Hindustan Times Bangla.)
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