Rakesh Jhunjhunwala Portfolio: Ever since the news has come in the stock market that Bigbull Rakesh Jhunjhunwala has sold 57 lakh shares of Delta Corp. Shares of Delta Corp fell flat. Rakesh Jhunjhunwala sold 57,50,000 of Delta Corp on June 17, 2022 at a price of Rs 167.17. This has come to the fore through bulk deal data of BSE. Even before this, between June 1 and June 14, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have sold 7.5 million shares in Delta Corp and reduced their stake from 7.48 per cent to 3.36 per cent. Rakesh Jhunjhunwala had 4.30 per cent stake in Delta Corp, while Rekha Jhunjhunwala separately held 3.18 per cent stake.
After this news came to the fore, the stock of casino operator Delta Corp fell 10 percent to Rs 166.65. Whereas the stock closed at Rs 184.20 in the last trading session. However, the stock recovered from the lower levels and the stock closed at Rs 175 with a fall of 5 per cent. Let us tell you that since the beginning of 2022, the share of Delta Corp has come down by about 35 percent. After this fall, the company’s market capitalization has come down to Rs 4677 crore.
On Friday, when it came to light that DeltaTech Gaming, a subsidiary of casino operator Delta Corp, is coming up with an IPO, the stock of Delta Corp saw a great rise. However, the share of Delta Corp has currently closed at Rs 175. The 52-week high of Delta Corp stock is Rs 339 and the low is Rs 162.70.