Espresso shot of the day – Delta Corp Ltd up by 10.58 percent

EspressoLogy

Espresso shot of the day – Delta Corp Ltd up by 10.58 percent

September 02, 2021
Espresso shot of the day – Delta Corp Ltd up by 10.58 percent

DELTA CORP LTD 208.95 (+10.58%) BSE – INE124G01033 | 2ND SEPTEMBER 2021


Delta Corp Ltd. is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. They, along with their subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions. In addition, they have also ventured into the fast-growing online gaming space through their acquisition of Gauss Networks Pvt. Ltd., which operates the online poker site Adda52.com. Their early-mover advantage has helped them secure a leadership position, with their company holding three of the six offshore gaming licenses issued in Goa, one land-based casino in Goa and one in Sikkim and two online gaming sites. Their company also started an international casino in Nepal in Feb 2020. Their company currently operates three offshore casinos in Goa, with a total of approximately 1,800 gaming positions. They operate Deltin Royale and Deltin JAQK, amongst the country's two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. Their company also owns and operates the Deltin Suites, a 106-room, all-suite hotel with a casino located in Goa. They also operate the Casino Deltin Denzong, located at the Denzong Regency hotel in Gangtok, Sikkim. They also own and operate The Deltin, a 176-room five-star hotel in Daman, which is an integrated resort with a proposed casino. They also own and operate the online poker site Adda52.com and the online rummy site Adda52rummy.com. They also started their operation internationally with Deltin Casino International, located at Kathmandu Marriott Hotel in Nepal.

Recent Drivers

  • On Sept 1, 2021, the National Stock Exchange (NSE) announced the inclusion of eight new securities/stocks, including Dalmia Bharat, India Cements, JK Cement, Rakesh Jhunjhunwala Portfolio stock Delta Corp, which will be available for trading in the Futures & Options (F&O) segment next month.
  • The Board of Directors of the company at its meeting held on Apr 26, 2021, recommended payment of final dividend of Rs 1 per equity share of the face value of Rs 1 each for the year ended Mar 31, 2021 (final dividend). The final dividend will be paid to the members of the company after the declaration of dividend at the Annual General Meeting of the company scheduled on Aug 20, 2021.
  • On July 14, 2021, Delta Corp reported net sales at Rs 75.87 crores in June 2021, up 56.95% from Rs 48.34 crores in June 2020.
  • On July 6, 2021, the company added that the Government of Sikkim has allowed reopening of the casinos in the state subject to the safety norms being followed. Further, the company and/or its subsidiary operating the casino in the state of Sikkim will resume its operations from July 6, 2021.
(Sources: Business Standard, MoneyControl, BSEIndia.com, Livemint)


Technical Force*

  • S&P BSE 500 month till date gain up by 6.5%
  • Traded on new 52-week-high value: 217.6
  • Spurt in volume by more than 6.99 times compared to previous vol. | 3 months avg. volume: 3,98,429
  • Quantity traded: 37,22,296 | Deliverable quantity: 15,45,421 (41.52%)
  • Stock price has jumped more than 110% from one-year-low level: 99.9 (Sept 22, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 217.6 | 52-week-low: 99.9

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 381.57

294.73

227.67

140.83

73.77

-

-

    -

Fibonacci Pivot

294.73

235.94

199.62

176.23

140.83

105.44

82.04

45.72

    -


Today’s Close

208.95

SMA

BSE

10 DAY

179.33

20 DAY

178.07

50 DAY

180.85

200 DAY

163.94


Some Key Ratios (Source: BSE)

Market Cap: 5,575.22 crores

PE: 168.74

OPM%: -38.96

ROE%: 1.64

Promoters holding%: 33.28

Prev. Close: 188.95

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.



Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.