Apr 15, 2013, 05.16 PM IST | 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.

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.

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