Delta Corp

Delta Corp's Q3 net profit declines by nearly 50 percent

Delta-CorpMumbai, Jan 31 : Hospitality and gaming industry major Delta Corp. Thursday reported a decline of nearly 50 percent in its consolidated net profit for the third quarter of the current 2012-13 fiscal.

The net profit stood at Rs. 7.6 crore in the quarter under review from Rs. 15.31 crore the company posted in the corresponding period of last fiscal.

However, the company's nine-month ended net profit increased 25.74 percent and stood at Rs. 40.10 crore from Rs. 31.89 crore it posted in the like period of 2011-12.

Hold Delta Corp With Stop Loss Of Rs 87

Hold Delta Corp With Stop Loss Of Rs 87Investment advisor Pradeep Surekha has maintained 'hold' rating on Delta Corp Limited stock.

According to analyst, the investors can buy the stock with a stop loss of Rs 87 or 83.

The stock of the company, on April 27, opened at Rs 93.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 141.65 and a low of Rs 31.15 on BSE.

Delta Corp has registered profit after tax of Rs 165.7 crore in the fiscal year 2010-11, an increase of 1269.4% as against Rs 12.1 crore in the same period last year.

Hold Delta Corp

Hold Delta CorpTechnical analyst Jatinder Sharma has maintained 'hold' rating on Delta Corp Limited stock.

The analyst said that the investors can exit the stock on rally to around Rs 93.

The stock of the company, on January 10, closed at Rs 1329.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 985 on BSE.

Current EPS & P/E ratio stood at 70.88 and 19.07 respectively.

Delta Corp has been one of the better performing stocks during the last year.

The scrip of the company made around 135% during the year.

Buy Delta Corp With Stop Loss Of Rs 108

Buy Delta Corp With Stop Loss Of Rs 108Technical analyst Anil Singhvi has maintained 'buy' rating on Delta Corp Ltd stock with an intra-day target of Rs 120.

According to analyst, the investors can hold the stock with a stop loss of Rs 108.

The stock of the company, on November 30, closed at Rs 111.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 141.65 and a low of Rs 31.15 on BSE.

Buy Delta Corp With Stop Loss Of Rs 116

Delta Corp With Stop Loss Of Rs 116Technical analyst MB Singh is bullish on Delta Corp Limited and has recommended 'buy' rating on the stock.

According to analyst, the stock can be purchased with a stop loss of Rs 116.

The stock of the company, on Nov 18, closed at Rs 128.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 141.65 and a low of Rs 31.15 on BSE.

Delta Corp has declared a phenomenal growth in its standalone net profit for the three month period ended September 30.

Preferential allotment comes as a boost for Delta

Preferential allotment comes as a boost for DeltaAfter the board of Delta Corp. approved the money raising activities which will go upto Rs. 285.48 crore, the sock of the company gained close to 1.86% on the BSE clocking a figure of Rs. 10.01 at 10.28 AM IST.

It is to be mentioned here that the company has decided to allot the shares via a preferential allotment of shares and warrants which are expected to be prices at Rs. 51 each. It may be noted here that the company made this announcement before the markets entered into the trading hours on the 21st September 2010.

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