Shares of Delta Corp are surging high on BSE, trading up by 3% at Rs 177 per share. The stock opened at Rs 175 per share , touched a high of 179.50 per share; and a low of Rs 175 per share.
Meanwhile, BSE Sensex is trading in positive territory, up by 270 points or 0.92% at 29683 levels.
The total traded quantity of the stock stands at 6.63 lakhs, having a market cap of 4099.75 crore.
The shares of the company nosedived after a possible merger of Daman and Diu -a coastal Union Territory (UT) -with the state of Gujarat, which is now dicey to predict.
Daman is located along the Gujarat coast, and it is governed by the same gambling act prevailing in Goa, making it easy for Delta Corp to operate there.