Delta Corp

The fall came after the company reported a weak set of September quarter earnings on November 06, 2024

Amid festivities, family and friends also indulge in games and fun activities. With changing lifestyle, online gaming, too, gained traction. Here's a tech check on online gaming stocks ahead of Diwali

Delta Corp's board has approved the demerger of its hospitality and real estate business to Delta Penland Private Ltd (DPPL)

Delta Corp share price: The company's net profit slipped 68 per cent on a year-on-year (Y-o-Y) basis to Rs 21.7 crore

As per reports, the GST Council is expected to take up a key amendment that has the potential to resolve the vexatious issue of retrospective taxation for online gaming companies this Saturday.

Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.

FIIs reduced their stake in Delta Corp to 1.6% at the end of December quarter, from 6.7% in the preceding June 2023 quarter. Meanwhile, retail holding rose to 45% from 32.8%.

Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore

The company, which is also a casino operator, reported a 59 per cent year-on-year decline in its consolidated net profit for the quarter ended December 2023 at Rs 34.48 crore

Stocks to Watch on December 7, 2023: As per reports, Warburg Pincus is offloading shares in Bharti Airtel and IDFC First Bank

Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline

Stocks to watch on Wednesday, October 25, 2023: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders against Delta Corp

The Sikkim High Court has granted a stay on about Rs 628 crore GST demand order against Delta Corp, the casino and online gaming company said in a regulatory filing on Sunday. The government has raised a total GST demand of around Rs 23,000 crore against the company till date which includes recovery of the shortfall of taxes for casino and online gaming business of the Delta Corp group. The Directorate General of GST Intelligence, Hyderabad on September 22 issued three demand notices against the company including a demand of over Rs 628 crore for the shortfall of tax paid by Delta Corp Limited in relation to Casino Deltin Denzong based out of Sikkim. "Pursuant to a writ petition filed by the Company before the Hon'ble High Court of Sikkim challenging the above demand, the Hon'ble High Court has by its order dated 20th October 2023 ordered status quo to be maintained in respect of the demand until the date of next hearing," Delta Corp said in the filing. Besides casinos, Delta Corp

Two entities -- Bofa Securities Europe and Societe Generale -- on Monday offloaded shares of Delta Corp Ltd for Rs 56 crore through open market transactions. Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the NSE. According to the bulk deal data available with the National Stock Exchange (NSE), Bofa Securities Europe SA sold 30.08 lakh shares and Societe Generale disposed of 13.58 lakh shares of Delta Corp Ltd. The shares were offloaded in the price range of Rs 127.97-128.48 apiece, taking the combined transaction value to Rs 55.94 crore. Meanwhile, Delta Corp said on Saturday its subsidiary, Deltatech Gaming Ltd, received a Goods and Services Tax (GST) notice for payment of Rs 6,384 crore, owing to tax shortfall taking the overall tax demand on the firm to over Rs 23,000 crore.

Shares of Delta Corp plunged nearly 9 per cent on Monday after the company received a GST notice for short payment of tax to the tune of Rs 6,384 crore. The stock tanked 8.79 per cent to settle at Rs 127.70 apiece on the BSE. During the day, it fell 11 per cent to Rs 124.60 -- its 52-week low. On the NSE, it plummeted 8.17 per cent to end at Rs 128.55 per piece. On the volume front, 28.26 lakh shares of the company were traded on the BSE and over 2.93 crore shares were traded on the NSE during the day. In another blow to the company, Delta Corp has received a GST notice for short payment of tax to the tune of Rs 6,384 crore, taking the overall tax demand on the firm to over Rs 23,000 crore. The company said that the tax demands are arbitrary and contrary to law, and added it will challenge them. DGGI (Directorate General of GST Intelligence) Kolkata on October 13, 2023 has served an intimation notice on Deltatech Gaming, a subsidiary of Delta Corp, seeking GST of Rs 6,236.8 crore

The stock was quoting at its lowest level since November 2020, and has tanked 51 per cent from its 52-week high level of Rs 259.95 touched on June 28, 2023

Three weeks earlier, Delta corp had received a similar notice from govt to pay tax of $1.34 bn along with interest and penalty for period July 2017 to March 2022

The company's tax expenses in the quarter fell 7.4%, making way for profits as total revenue stayed flat with a 0.2% rise to 2.71 billion rupees