Good Numbers from Delta Corp (BSE: 532848 Price: 223).
Target 275. 6 months. Stoploss 185. Accumulate on dips towards 200.
Target 320 in 1 year and Target 530 in 2 years.
Earlier we had reviewed Delta Corp:
Review on Delta Corp. Double your money in a single good result. Accumulate on dips towards 150-160. Have 135 as stoploss. We expect the stock to rally towards 240 and 320 in next 2 years. 2 years is the time we give the stock to post 1 or 2 stunning results. Current fair value for the stock is at 160.
Now you would understand why the stock rallies 100 to 200 and consolidates in between. The stock can double your money on just 1 or 2 good results. We have a yearly target of 240 and 18 months target of 320. Accumulate on dips towards 150-160.
Such stocks are mostly technical driven due to absence of good quarterly results. Stock is currently range bound 160-180.
Last Quarterly results review:
Delta Corp. Result review. Stock to range between 140-216. Add near 150-155. Sell on rally towards 200. 3 months.