Delta Corp rose 0.51% to Rs 89 at 10:19 IST on BSE after the company said it has been granted a license to operate a casino at its hotel Deltin Suites in Goa.
The announcement was made after market hours yesterday, 1 December 2015.
Meanwhile, the S&P BSE Sensex was down 9.29 points or 0.04% at 26,160.12.
On BSE, so far 13.22 lakh shares were traded in the counter as against average daily volume of 5.19 lakh shares in the past one quarter.
The stock was volatile. The stock surged as much as 6.04% at the day's high of Rs 93.90 so far during the day. The stock rose 0.39% at the day's low of Rs 88.90 so far during the day. The stock had hit a 52-week high of Rs 103.90 on 3 February 2015. The stock had hit a 52-week low of Rs 65.10 on 13 August 2015.
The stock had outperformed the market over the past one month till 1 December 2015, advancing 4.55% compared with Sensex's 1.83% fall. The scrip had also outperformed the market in past one quarter, surging 14.78% as against Sensex's 1.84% rise.
The small-cap company has equity capital of Rs 23.07 crore. Face value per share is Rs 1.
Delta Corp, in addition to its offshore casinos, will now strengthen its presence in the gaming business, thereby reinforcing its leadership position in the Indian gaming and entertaining space, the company said.
On consolidated basis, Delta Corp reported net profit of Rs 6.46 crore in Q2 September 2015 compared with net loss of Rs 3.55 crore in Q2 September 2014. Net sales rose 23.2% to Rs 93.59 crore in Q2 September 2015 over Q2 September 2014.
Delta Corp is the largest and only listed company within the gaming and hospitality segment in India. Delta Corp is rapidly expanding its gaming positions in Goa and currently offers 2,000 gaming positions. Delta Corp also has recently started a first of its kind integrated casino resort in Daman.
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