With Indian markets trading at record highs, retail investors are looking to portfolios of veteran investors for their investment ideas. In fact, many market experts also keep an eye on Rakesh Jhunjhunawala’s portfolio. This helps them in the future direction of the market and in choosing the right stocks.
Taking cues from Rakesh Jhunjhunwala, the market giants to retail investors Delta Corp Advice to invest in the stock of BIGBULL This stock remains bullish. Despite being hit hard during the second wave of Corona, Rakesh Jhunjhunwala’s convocation remains on Delta Corp of the hospitality sector.
Another analyst is also of the opinion that with the unlocking, there will be renewed enthusiasm in this stock. Ravi Singhal of GCL Securities It says that a major part of Delta Corp’s revenue comes from the hospitality business. The company is rapidly expanding its online gaming business. With the increase in unlocking, the hospitality business will once again see momentum and will see an increase in November-December 2021.
Apart from this, the company’s online gaming business has seen good growth in the period of restrictions implemented to deal with Covid-19. It is expected that the company will see growth in this business going forward as well.
Ravi Singhal says that this is a portfolio stock and would be advised to buy it with a tenure of 6-9 months. However, he also said that this share can also be bought for short term.
Sumeet Bagdia of Choice Broking Says can buy Delta Corp around current price of Rs 182 with short term target of Rs 225. For this, keep a stop loss of Rs 170.
On the other hand, Ravi Singhal says that in the period of 6-9 months, a target of Rs 300 can be seen in this stock.
As per the shareholding pattern for the March 2021 quarter, Delta Corp Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a combined holding of 7.50 per cent.
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