Motilal Oswal's research report onDelta Corp
Delta Corp (DELTA) has recovered strongly from the demonetization woes, as evident from overall growth of 18.4% YoY in 1QFY18. This quarter too has so far witnessed phenomenal growth in the number of visitations on account of a relatively high number of holidays in the months of July and August. To sharpen its focus on retail footfall, the company has converted a floor dedicated to club members of DELTIN Royale to mass access to accommodate growing incremental visitors. This, in turn, significantly increases the prospects of doubling retail revenue from Deltin Royale.
OutlookWe expect the company to deliver sales/PAT CAGR of 38%/75 % over FY17 -19E, and value the stock at 30x FY19E EPS to arrive at a target price of INR243. Maintain Buy.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
