Delta Corp Ltd. is a unique player in the Indian industry because it is the only hospitality and gaming company that is listed. The company’s three main business categories are online skill gaming, hospitality, and gaming. By examining Delta Corp’s shares situation in the market, this article seeks to give investors a thorough understanding of the company and assist them in making informed investment decisions.
About Delta Corp Ltd.
With its casinos in Daman and Diu, and Goa, Delta Corp. is a major force in the Indian gaming market. In international waterways, the business also oversees casinos on cruise ships. Moreover, under the Deltin name, Delta Corp. owns and runs a chain of upscale hotels and resorts. These establishments provide a variety of facilities and services for both business and leisure guests. The business also entered the online skill gaming market lately, providing a range of games like fantasy sports, poker, and rummy.
Recent News & Major Highlights
Shares of Delta Corp. recently surged. Although there were many reasons behind this spike but the company’s board’s approval of the demerger of its real estate and hospitality divisions served as the main impetus for the spike. The rapid rise in Delta Corp’s share price was a reflection of investor excitement about the outcome (possible) of the hearing of the Supreme Court. Given below are a few ups of this news:
Individual states now have the majority of the authority over internet gaming in India, which results in a variety of occasionally contradictory laws.
The online gambling businesses have maintained that in order to guarantee consumer protection, fair play, as well as practices of responsible gaming, a standard regulatory framework at the national level is required.
- A unified regulatory framework may increase investor confidence and open the door for long-term growth, making the hearing essential for the whole online gambling industry.
Present Market Situation
As on January 8, 2025, i.e. today, Delta Corp shares saw a successful trading day, closing at ₹114.30, up 4.27% from the last close. Investor anticipation for the company’s next board meeting, which is set for January 13, 2025, seems to be the main driver of the share price increase. The unaudited financial statements for the quarter ending December 2024 are anticipated to be discussed and approved at this meeting. Short-term price swings are probably going to be significantly accelerated by this incident while investors wait for the company’s financial results.
Final Verdict
With operations in the casino and hospitality sectors, Delta Corp is a distinctive Indian market player. The business boasts a seasoned management team, a variety of revenue sources, and a good market position. Investors should be mindful of the company’s competitive challenges and regulatory dangers, though. All things considered, investors with a lengthy time horizon and a risk tolerance may find Delta Corp to be an intriguing investment prospect.
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Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
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