Big Bull Rakesh Jhunjhunwala earned Rs 145 crore in a single month from the shares of Delta Corp in his portfolio. During the last one month, this stock has registered a gain of 40 percent. This hospitality stock rose from Rs 181 to Rs 253 in the month of September itself. According to the shareholding pattern of Delta Corp, Rakesh Jhunjhunwala held 20 million shares between April and June 2021.
take profit or stay
The question before the investors is whether the bull run in this stock is going to end now. They can book profits in it or retain it in their portfolio. Stock market experts are still bullish on the stock of this hospitality and gaming company included in the portfolio of Rakesh Jhunjhunwala. They believe that this stock can go up to Rs 400 in the medium to long term.
JhunJhunwala Portfolio: This stock of Rakesh Jhunjhunwala’s portfolio is showing strength, 60 percent jump in 6 months
Delta Corp. has strong fundamentals
Experts say that the fundamentals of Delta Corp. are strong, which is supporting the rally in its share prices. The company is virtually debt free and its cash flow continues to be positive. In this, the promoter’s stake is 33.28 percent. Domestic Institutional Investors (DIIs) hold 7.78 per cent in the company. Foreign institutional investors (FIIs) hold 6.80 per cent.
Delta Corp. is a gaming and hospitality company. It has many casinos in the country and it also operates some. Big Bull Rakesh Jhunjhunwala currently has 34 stocks in his portfolio. Of these, 17 stocks are trading at a price of 20 to 50 percent below their 52-week peak. Although some stocks are giving very good returns. The three big stocks holding Jhunjhunwala have seen a rally of about 78 per cent so far this year. During this time, the growth of these stocks has left the rally of both Sensex and Nifty 50 far behind.
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