Rakesh Jhunjhunwala portfolio: This stock hits record high of 52 weeks, feels upper circuit


Rakesh Jhunjhunwala portfolio: Rakesh Jhunjhunwala’s investment company Delta Corp (Delta Corp share) announced the results of the second quarter on Monday, after which the company’s stock saw a great rise. After the result, the company’s shares climbed up to 13 percent to a record high of 52 weeks. The company’s shares (Delta Corp share price) had set a record of Rs 307.45 per share in the market. Apart from this, on Tuesday also 10 percent of the company’s shares

Shares rise after quarterly results
Veteran investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have also invested in this stock. Shares of casino and gaming company Delta Corp saw this spectacular rally after the second quarter results. However, after a day’s trading, the company’s shares had fallen slightly.

Today the stock closed with a gain of 4.66 percent
After Tuesday’s trading, the company’s stock closed at Rs 285 per share with a gain of 4.66 per cent or Rs 12.70. Let us tell you that the company had released the results of the second quarter of FY22 on Monday late evening.

The company’s share can go up to Rs 340
According to market experts, Rakesh Jhunjhunwala’s portfolio stock has given a new breakout at the level of ₹ 290 and in the short term this stock can go up to ₹ 340 per share. He has advised investors to buy the shares of Delta Corp as the company has delivered good results for the Q2FY22 period and will continue to grow in the same way in the future.

Know how much profit was made to the company
Delta Corp on Monday said it had a net loss of Rs 226 crore during the July-September quarter, up from Rs 54.9 crore in the previous quarter. At the same time, if we talk about the gross income of the company during this period, then it has increased to Rs 93 crore. Which was Rs 45.5 crore in the same quarter last year.

Which segment earned how much?
Apart from this, the company said that in the second quarter, it has earned 40.1 crores from gaming operations and 40.5 crores from online skill gaming operations. At the same time, it has earned Rs 12.5 crore from hospitality and other segments.

how much is the share
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in Delta Corp. During the period April to June 2021, Rakesh Jhunjhunwala held 1.15 crore shares of Delta Corp. Apart from this, Rekha Jhunjhunwala holds 85 lakh shares of Delta Corp, which is close to 3.19 percent of the total issued capital of the company.

Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.

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