Delta Corp gained 4.01% to Rs 116.75 at 15:16 IST on BSE after Rare Enterprises bought 12.50 lakh shares in the company yesterday, 17 November 2016.
Meanwhile, the S&P BSE Sensex was down 91.46 points, or 0.35%, to 26,136.16On BSE, so far 19.17 lakh shares were traded in the counter, compared with an average daily volume of 12.31 lakh shares in the past one quarter. The stock hit a high of Rs 119.20 and a low of Rs 114.40 so far during the day. The stock hit a record high of Rs 195.20 on 26 October 2016. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock had underperformed the market over the past 30 days till 17 November 2016, sliding 34.51% compared with 6.28% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 24.05% as against Sensex's 6.59% fall.
The small-cap company has an equity capital of Rs 23.09 crore. Face value per share is Re 1.
Rare Enterprises bought 12.50 lakh shares of Delta Corp at an average price of Rs 106.54 per share in a bulk deal on NSE yesterday, 17 November 2016. The stock had gained 7.93% to settle at Rs 112.25 yesterday, 17 November 2016. Earlier, the stock had dropped 35.98% in the preceding six trading sessions to settle at Rs 104 on 16 November 2016, from its close of Rs 162.45 on 7 November 2016.
Rare Enterprises is owned by ace investor Rakesh Jhunjhunwala. As on 30 September 2016, Rakesh Jhunjhunwala held 1.15 crore shares, or 4.975% stake in Delta Corp. His wife, Rekha Jhunjhunwala, held 1.10 crore shares, or 4.759% stake in Delta Corp.
Delta Corp's consolidated net profit surged 680.87% to of Rs 32.25 crore on 44.55% rise in total income to Rs 135.62 crore in Q2 September 2016 over Q2 September 2015.
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Delta Corp holds three offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa Deltin Suites, Deltin Palms and Villa Marina by Deltin.
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