Experts assign a ‘buy’ label to this stock of hotels
Rakesh Jhunjhunwala portfolio: Amid Indian indices trading at an all time high, retail investors are looking to reputable investors because it gives a sense of the direction in which smart money is moving. In fact, stock market experts are also examining Rakesh Jhunjhunwala’s holdings to find out the title with which the “Warren Buffett of India” maintained a strong belief. Drawing inspiration from Rakesh Jhunjhunwala, market experts recommended retail investors buy Delta Corp shares, as Rakesh Jhunjhunwala’s stock is 7.50% owned and the ‘Big Bull’ remained invested in action even when the hotel industry’s actions were hit hard during the second wave of Covid-19. They said the Delta Corp share price is expected to rise as unlocking activity grows rapidly across the country.
Speaking on the outlook for the share price of Delta Corp, owned by Rakesh Jhunjhunwala, Ravi Singhal, vice president of GCL Securities, said, “Delta Corp’s main income comes from its hotel business and it is also growing rapidly. its online gaming business. As unlocking activities are rapid, her hotel business is expected to gain momentum, particularly from November to December 2021. Other than that, she received some good deals during the Covid-19 restriction in her gaming business in line and in the next few days it should be reflected in its quarterly results It is a portfolio stock and you have to buy this meter for a time horizon of six to nine months. “However, Singhal argued that one can also buy the meter at short notice.
Regarding the Delta Corp share price target for Sumeet Bagadia in the short term, the Executive Director of Choice Broking said: “You can buy Delta Corp shares at the current market price of. ₹182.95 (Tuesday closing price at NSE) for a short term target up to ₹225 by maintaining the stop loss at ₹170. “
However, for long-term investors, Ravi Singhal of GCL Securities said, “You can buy the meter at the current market price for a six to nine month target. ₹300. “
Rakesh Jhunjhunwala and Rekha Jhunjhunwala net worth in Delta Corp shares
According to Delta Corp’s shareholding model for the March 2021 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together own 7.50% of the shares of the company. Rakesh Jhunjhunwala owns 1.15 crore (4.31%) shares of the company while Rekha Jhunjhunwala owns 85 lakh (3.19%) shares of the company.
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