Delta Corp corrects on profit booking

Delta Corp fell 4.57% to Rs 89.85 at 13:52 IST on BSE on profit booking after the stock jumped 25.12% in the preceding ten trading sessions to Rs 94.15 on 15 April 2015, from a recent low of Rs 75.25 on 27 March 2015.

Meanwhile, the BSE Sensex was down 197.62 points, or 0.69%, to 28,602.07.

On BSE, so far 7.07 lakh shares were traded in the counter, compared with an average volume of 5.20 lakh shares in the past one quarter.

The stock hit a high of Rs 94.50 and a low of Rs 88.85 so far during the day. The stock hit a 52-week high of Rs 112.45 on 23 May 2014. The stock hit a 52-week low of Rs 68.05 on 27 March 2015.

The stock had outperformed the market over the past one month till 15 April 2015, rising 8.53% compared with 1.04% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.56% as against Sensex's 2.58% rise.

The small-cap company has an equity capital of Rs 23.07 crore. Face value per share is Re 1.

On a consolidated basis, Delta Corp reported net loss of Rs 0.43 crore in Q3 December 2014 as against net profit of Rs 19.69 crore in Q3 December 2013. Net sales declined 10.52% to Rs 80.95 crore in Q3 December 2014 over Q3 December 2013.

By virtue of possessing three out of the six issued offshore gaming licenses in the state of Goa, Delta Corp is the largest and only listed company within the gaming and hospitality segment in India. Delta Corp is rapidly expanding its gaming positions in Goa and currently offers 2,000 gaming positions. Delta Corp also has recently started a first of its kind integrated casino resort in Daman.

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