Rakesh JhunJhunwala News : In its weekly picks, Axis Securities has this time around Delta Corp., the holding company of Big Bull Rakesh Jhunjhunwala. shares have also been included. At the beginning of trading in the market on Tuesday (9 November 2021), this stock registered a gain of two and a half percent and it reached Rs 293.
Target Price Rs 276-280 Rating – BUY
According to analysts with Axis Securities, the stock is trading strongly above the 20, 50 and 100 day SMA on the daily chart. This trend will continue in the future as well. This means that the bullish sentiment will continue in it. Its daily strength indicator RSI is above 50, which is supporting the upside momentum. Axis Securities has rated it as BUY keeping it in the range of 276-280. The brokerage firm has recommended a stop loss of Rs 256.
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Delta Corp. Jhunjhunwala couple holds 7.50 percent stake in
Rakesh Jhunjhunwala held 4.31 per cent stake in Delta Corp. as of September 2021. His wife Rekha Jhunjhunwala had a 3.19 per cent stake in it. Delta Corp first Arrow was known as Webtex Ltd. The company is active in the gaming and hospitality sectors and operates casinos and hotels under several brands. It is the only listed company in the country operating in casino gaming. The company’s revenue in March 2021 was Rs 9000 crore. More than 11 thousand employees work in it. The headquarter of the company is in Mumbai.
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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