CMP: 62

Delta Corp Limited a diversified business group having a presence in the entertainment and gaming, real estate business in India and Kenya. The Company's business includes offshore casinos, and real estate consulting & development.

Not all Jhunjjhunwala stocks are good from a poor retail investor perspective. This is one among them. Why? Nearly 10% of promoter stake is pledged which is never a good sign for a retail investor. Although company does not have any debt, revenue and profit flow does not look convincing. Indian markets acceptance towards casinos can take immensely long years. On top of all this, valuations do not look attractive.

Jhunjhunwala can afford to hold stake in this company as one of his many bets, but its not prudent for a retail investor to bet all his money in it.