Budget 2024: Why Delta Corp share price is rising amid GST cut speculations

Delta Corp shares have risen by around 24% in two weeks, reaching ₹136 after bottoming out at ₹110. Experts attribute this increase to speculation of a GST cut, which could boost profitability. \r

Avinash Gorakshkar of Profitmart Securities noted that if the Finance Minister announces a GST reduction in the interim budget, it could significantly enhance Delta Corp’s income and drive further buying interest. Technical analyst Ganesh Dongre from Anand Rathi highlighted that Delta Corp faces resistance at ₹160 but could reach ₹205 if it breaks this level. He recommends a buy-on-dips strategy, maintaining the stock above ₹105 for a target of ₹205.