What expert said about these Rakesh Jhunjhunwala stocks in gaming space - Delta Corp, Nazara Technologies -

What expert said about these Rakesh Jhunjhunwala stocks in gaming space – Delta Corp, Nazara Technologies

Rakesh Jhunjhunwala stocks: With a portfolio of around 40 stocks on his list, Rakesh Jhunjhunwala, one of the Big Bulls in the Indian equity markets, has invested in companies spread across a number of segments including retail, gaming to construction. In the special segment of The Big Bulls Portfolio, Zee Business research analysts panel discuss about the stocks that the ace investor holds and from which he gained huge returns and also lays out a road map for other investors. 

Tradeswift’s Sandeep Jain says that top-class investors like Rakesh Jhujhunwala and others have had three things in common – Conviction, Discipline, and Research. After buying a stock they follow a single pattern – Buy, Hold and Forget strategy. 

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In his two technology-cum-gaming stock-holding, Rakesh Jhunjhunwala has bought shares of Delta Corp and Nazara Technologies. Both fall in this niche sector, but have huge growth potential, analysts predict. 

Delta Corp 

The only listed gaming company before Nazara Technologies was one of the favourite picks of the Big Bull. Rakesh Jhunjhunwala has around 7.5 per cent stake in this company along with his wife, Rekha Jhunjhunwala. The stock which was purchased at the price of Rs 100 per share is now trading at the levels of Rs 150-160 per share, says Zee Business Research Analyst Devanshi Ashar. 

She adds, the fundamentals of Delta Corp are quite good and besides that, it has also been on an acquisition spree. The company’s major focus is on gaming. As the gaming industry in India has been rising exponentially, there has a positive outlook towards this company. 

Nazara Technologies 

This company got listed recently. It is another gaming company and Jhunjhunwala was an early investor in it. This company is Nazara Technologies. The celebrity investor first entered this company in December, 2017 and kept investing till 2018. He has invested around Rs 180 crore in the company and today the valuation has surged to around Rs 540 crore, Devanshi explains further. 

Not being much optimistic about these gaming stock companies, Jain suggests to hold the stock but doesn’t recommend fresh buying. He appreciates Jhunjhunwala’s conviction with respect to these stocks, however. Jain urges investors to hold with a target of Rs 190 per share and Rs 1750 per share for the next 3-6 months in Delta and Nazara Technologies respectively.

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