Do not buy Delta Corp, says Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities says he does not recommend any fresh buying in Delta Corp even at Rs 30 level.

Thununguntla told CNBC-TV18, “I don’t see anytime soon he is going to get that Rs 77 on Delta Corp; that is clearly ruled out. I feel Rs 30 is very much on the cards, lots of people who got stuck at higher levels want to exit. It is a very speculative stock. It depends upon his need for money etc he has to take a call. I don’t recommend any fresh buying even at Rs 30.”