Delta Corp Knows No Boundaries of Rise

Delta Corp continued its upward March and has hit a record high of Rs 154.60, up 7% on the NSE in intra-day trade.

So far in August, Delta corp share price has hiked by 61% from Rs 96 after the company reported a consolidated net profit at Rs 20 crore for the quarter ended June 30 in the Financial year 2017 as compared to a net loss of Rs 1 crore in the same quarter last financial year. The S&P BSE Sensex was down nearly 1% during the same period.

The company is attributed strong owing to its better-targeted marketing and getting on board the right customers that resulted in a steady income flow and increasing customer numbers. The company announced that its income streams are steady and are bound to translate into greater revenue and growth in the months to come. The floatel, Casino Deltin Caravella, operational in Goa, is expected to add to revenues and profitability.

While Delta corp has been surging for the entire month, Nifty Finance had to settle for the month’s return of 0.01.

Since July 26, the Delta corp share price surged 70% from Rs 91, after the company said it signed a leave and license agreement for premises in the Denzong Regency Hotel, Gangtok, Sikkim, to operate a casino.

Currently, Delta corp share price is trading at Rs. 152.80, up 4.25% on NSE, as compared to 0.05% decline in the benchmark index. So far, over 38 Lakhs shares have changed hands over the NSE trading window. The stock is among the top 500 performers identified by Dynamic Levels. For more details, check Delta corp share price history page of the website.