Profit Booking Drags Delta Corp Down By More Than 8% At Closing

Delta Corporation closed the day in red; down by more than 8% on Thursday after the stock saw heavy selling owing to the profit booking in the counter. The stock is down by nearly 14% in past two trading sessions alone. The stock zoomed into limelight after the promoters released their pledged shares.

From Rs 183 per share the stock jumped to almost Rs 213 per share after the market digested the reports of promoters releasing their pledged shares. Since then the stock is seen correcting with heavy volumes.

The stock has delivered 148% returns over one year. Over three year period the stock has generated over 25.57% returns on an annualised basis.

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About Suhani Varma

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