Delta Corp Gains As Board Approves Raising Of Rs 750 Crore

Indian real estate, gaming and hospitality corporation, Delta Corp has gained in Thursday’s trading session as the company’s board of directors approved raising of Rs 750 core via qualified institutional payments.

The company in its filing to the Exchanges said that it will seek the approval of its shareholders for the fund-raising plans.

The stock since Monday has risen 11.53% in three sessions. On Thursday it hit an intraday high of Rs 181.20; and an intraday low of Rs 178.05 on the BSE. The stock witnessed huge spurt in volumes by more than 2.49 times on the BSE.

The Company is engaged in the operation of casinos, and operates its gaming and hospitality businesses under the DELTIN brand. In Goa it holds three offshore gaming licences and in Daman it has an integrated casino resort. Delta Corp Ltd is currently trading at Rs 179.6, up by Rs 2.6 or 1.47% from its previous closing of Rs 177 on the BSE.

The scrip opened at Rs 178.05 and has touched a high and low of Rs 181.2 and Rs 178.05 respectively. So far 3279547(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4099.75 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 195.2 on 26-Oct-2016 and a 52 week low of Rs 62.3 on 22-Mar-2016. Last one week high and low of the scrip stood at Rs 181.3 and Rs 158.4 respectively.

The promoters holding in the company stood at 40.78 % while Institutions and Non-Institutions held 9.9 % and 49.32 % respectively. The stock is currently trading above its 50 DMA.

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