Delta Corp up 5% as Rakesh Jhunjhunwala buys shares

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Moneycontrol BureauShares of Delta Corp advanced 5 percent intraday Friday as Rakesh Jhunjhunwala's Rare Enterprises increased stake in the company. As per NSE data, Rare Enterprises bought 12,50,000 shares of the company at Rs 106.54 on November 17. Jhunjhunwala had sold shares of Delta Corp at  Rs 160/170 levels last month. As on September 2016 shareholding pattern, Rakesh Jhunjhunwala held 5 percent stake and his wife Rekha Jhunjhunwala held 4.76 percent in the company. At 09:46 hrs Delta Corp was quoting at Rs 115.20, up Rs 2.95, or 2.63 percent on the BSE.The share touched its 52-week high Rs 195.30 and 52-week low Rs 49.15 on 26 October, 2016 and 29 February, 2016, respectively.Posted by Rakesh Patil