You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Delta Corp jumps after unit gets licence for casino in Nepal

Capital Market 

Delta Corp rose 3.35% to Rs 203.75 after the company said its subsidiary received a license for operating a casino at the Marriot Hotel in Nepal.

The operations of the casino are expected to commence soon, the company said in a statement after market hours yesterday, 9 January 2019.

Meanwhile, the S&P BSE Sensex was up 189 points or 0.46% to 41641.02.

On the BSE, 99,607 shares were traded in the counter so far compared with average daily volumes of 1.18 lakh shares in the past two weeks. The stock hit a high of Rs 206.65 and a low of Rs 202.5 so far during the day.

The stock hit a 52-week high of Rs 277.75 on 3 April 2019. The stock hit a 52-week low of Rs 116.05 on 31 July 2019.

The stock had underperformed the market over the past one month, down 7.44% compared with 2.38% fall in the Sensex.

The scrip outperformed the market in past one quarter, up 16.38% as against Sensex's 8.58% rise.

The scrip had also underperformed the market in past one year, down 24.77% as against Sensex's 14.47% fall.

On a consolidated basis, net profit of Delta Corp rose 22.74% to Rs 59.04 crore on 0.14% decline in net sales to Rs 200.84 crore in Q2 September 2019 over Q2 September 2018.

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. It currently own and operate casinos Goa and Sikkim. In addition, the company also own and operate the online poker site 'Adda52.com', the online rummy site 'Adda52rummy.com' and the online fantasy sports site 'LeagueAdda.com'.

Delta Corp also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 10:30 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU