Hold Delta Corp; target Rs 80-84: Bothra

Kunal Bothra of LKP advises traders to hold Delta Corp for target price of Rs 80-84.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Stocks Views

Apr 15, 2013, 05.16 PM | Source: CNBC-TV18

Hold Delta Corp; target Rs 80-84: Bothra

Kunal Bothra of LKP advises traders to hold Delta Corp for target price of Rs 80-84.

Like this story, share it with millions of investors on M3

Hold Delta Corp; target Rs 80-84: Bothra

Kunal Bothra of LKP advises traders to hold Delta Corp for target price of Rs 80-84.

Post Your Comments

Share Cancel

Kunal Bothra (more)

Head of Advisory, LKP | Capital Expertise: Equity - Technical

Kunal Bothra of LKP advises traders to hold Delta Corp for target price of Rs 80-84.

Bothra told CNBC-TV18, "Looking at the last two-three weeks, Delta Corp has given more than 70-75 percent returns right from the bottom of Rs 40 odd and now trading at Rs 72-75 levels."

He further added, "For anyone who is entering at these levels it is very difficult, because we have seen the last 15-20 odd trading sessions and the kind of move. So you might expect some sort of consolidation happening, but the momentum is very strong and probably the previous resistance of around Rs 80-84 should be taken out in this move. I am not sure when this would happen, but if anyone is holding onto the stock who is already invested in this stock should hold onto it. Look for a target of Rs 80-84 where he can probably book part profits there."

The company's trailing 12-month (TTM) EPS was at Rs -0.03 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 29.10 per share. At current value, the price-to-book value of the company was 2.55. The dividend yield of the company was 0.47 percent.

Disclosure: No personal holdings in any of the stocks, but at LKP we keep recommending these stocks to our clients.

Buy, Hold, Sell ? Hear it first on M3
Hold Delta Corp; target Rs 80-84: Bothra

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login