Tag: Delta Corp

Delta Corp surges nearly 6% post Rakesh Jhunjhunwala stake buying

Delta Corp surges nearly 6% post Rakesh Jhunjhunwala stake buying

18/11/2016 11:38

Shares of Delta Corp soared nearly 6 per cent on the Bombay Stock Exchange after ace investor Rakesh Jhunjhunwala purchased 12.5 lakh shares in the company through a bulk deal.

Extending previous session rally, shares of company gained as much as 5.83 per cent to hit intra-day high of Rs 118.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 4.67 per cent to Rs 117.75 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,226.02, down 1.6 points, or 0.01 per cent, at 11:43 hours.

Advertisements
Delta Corp turns to black in Q1 at Rs 20 cr

Delta Corp turns to black in Q1 at Rs 20 cr

02/08/2016 14:59

Pune-based Delta Corp turned profitable and posted a consolidated net profit at Rs 20 crore for the quarter ended June 30, 2016 (Q1FY17).

The company had posted a net loss of Rs 1 crore in the year ago quarter, it said in a filing to the Bombay Stock Exchange.

Total income from operations during the quarter under review increased by 35 per cent at Rs 109 crore against Rs 81 crore in the corresponding quarter of previous fiscal.

The company attributed the strong showing to better targeted marketing and getting on board the right customers, resulting in a stable income flow and increasing customer numbers.

Goa, where the bulk of Delta Corp’s operations lie, has become a year round destination rather than seasonal. This has boosted revenues and positively impacted profitability, it added.

The company said the income streams are steady and are bound to translate into greater revenue and growth in the months to come.

The floatel, Casino Deltin Caravella, operational in Goa, is expected to add to revenues and profitability, it added.

Meanwhile, shares of the company were trading at Rs 100.65 apiece, up 2.97 per cent from the previous close at 15:00 hours on BSE.