In recent years, delta (Delta-M) and delta-sigma modulators (Delta Sigma-M) are increasingly being used as efficient data converters due to numerous advantages they offer. This paper investigates various dynamical features of these modulators/systems (both in continuous and discrete time domain) and derives their stability conditions using the theory of sliding mode. The upper bound of the hitting time (step) has been estimated. The equivalent mode conditions, i.e. where the outputs of the modulators are equivalent to the inputs, are established. The results of the analysis are validated through simulations considering a numerical example.