Mehraboon Irani, Sr. VP - Equity, FCH – Centrum Wealth Managers Ltd , in a chat with ET Now talks about the favourite buys for long term.
ET Now: What is it that you would buy right now, a couple of names may be?
Another company we like as my old favourite, a stock, which I have been following from 2003, which of late virtually anybody and everybody in the street has started talking about, it is a company called Delta Corp, which once upon a time was known as Arrow Webtex. I have been following this company and owning this stock from 2003. We have a target of over Rs 250-300 for this stock over the next 18 months. A whole lot of things are happening in this company. There is a preferential allotment taking place today. Big investors have started entering the stock and now virtually everybody is talking about this particular company, it is in the niche segment called casinos and the gaming business and virtually commands the entire casinos in the country right now and is planning to set up similar casinos in three other places in India besides Sri Lanka, that’s what we understand, so we feel Delta Corp even at the present level is a great buy and virtually it could be a multi-bagger even from here over the next 1.5 years.
ET Now: What is it that you would buy right now, a couple of names may be?
Another company we like as my old favourite, a stock, which I have been following from 2003, which of late virtually anybody and everybody in the street has started talking about, it is a company called Delta Corp, which once upon a time was known as Arrow Webtex. I have been following this company and owning this stock from 2003. We have a target of over Rs 250-300 for this stock over the next 18 months. A whole lot of things are happening in this company. There is a preferential allotment taking place today. Big investors have started entering the stock and now virtually everybody is talking about this particular company, it is in the niche segment called casinos and the gaming business and virtually commands the entire casinos in the country right now and is planning to set up similar casinos in three other places in India besides Sri Lanka, that’s what we understand, so we feel Delta Corp even at the present level is a great buy and virtually it could be a multi-bagger even from here over the next 1.5 years.
Thanks Madhav.
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