Delta Corp closes at lifetime high



Stocks of Delta Corp surged by over 2.75% in the trading hours of Tuesday to reach the lifetime high of Rs 264.50 on NSE. Before that, the company had made its intraday high at Rs 268.40.

The price hike came after a surge in volume since the last week. This was on account of the company entering into a memorandum of understanding (MoU) with Everest Hospitality and Hotel (P) Limited for leasing space to operate casino in Kathmandu, Nepal.

The company will look forward to acquire casino license from Government of Nepal. In its Q2 results registered a revenue growth of 43% on quarter basis to Rs 189 crores and growth of 94% in the net profit to Rs 43 crores. The Promoter holding is 35.29% as on September 30, 2017. 


Delta Corp Ltd ended at Rs 265.5, up by Rs 7.2 or 2.79% from its previous closing of Rs 258.3 on the BSE.
The scrip opened at Rs 260 and touched a high and low of Rs 268.4 and Rs 259.4 respectively. The stock traded above its 50 DMA.






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