Buy Delta Corp With Stop Loss Of Rs 116
Technical analyst MB Singh is bullish on Delta Corp Limited and has recommended 'buy' rating on the stock.
According to analyst, the stock can be purchased with a stop loss of Rs 116.
The stock of the company, on Nov 18, closed at Rs 128.45 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 141.65 and a low of Rs 31.15 on BSE.
Delta Corp has declared a phenomenal growth in its standalone net profit for the three month period ended September 30.
During the July-September period, the company's profit grew 28.81 times to Rs 1,263.70 million as against Rs 43.87 million during the corresponding quarter of 2009.
Net sales for the three month period ended September 30 surged 17.77 times to Rs 2,521.40 million.
The company's total income for the period under review rose 17.60 times to Rs 2,527.90 million as compared to the same period of 2009.
Delta Corp has registered an EPS of Rs 7.56 during the quarter.