Stock market experts are looking more excited about hospitality shares at this time. According to him, stocks like Delta Corp can perform well in the coming days. Experts believe that the shares of Delta Corp can go up to the level of Rs 310 per share in a short time. Let us tell you, the hospitality sector was also among the sectors that suffered the most due to the restrictions imposed in the lockdown.
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Mudit Goyal of SMC Global Securities says that the trend of Delta Corp is showing positive on the chart pattern. If the company invested by Rakesh Jhunjhunwala is bought at this time, then it can reach the target of Rs 310 per share. At the same time, Avinash of Profitmart Securities says that one of the major reasons why Delta Corp is attracting investors is the relaxations after the restrictions imposed in the lockdown. Secondly, it is the only listed company in India that has a casino business. When the hospitality sector will boom, then the business of the company will also increase. Avinash is also expecting that the company’s stock can reach Rs 310.
What is the share of Rakesh Jhunjhunwala?
According to the third quarter results, Rakesh Jhunjhunwala holds 4.31 percent stake in the company. At the same time, his wife Rekha holds 3.18 percent stake. Together they hold 7.49 percent stake in Delta Corp.