4/13/2022»»Wednesday

caemasigis1971.netlify.com

Delta Corp Casino Share Price

4/13/2022
    85 - Comments

The data in the below table is updated daily by 8 am (IST). Till then the data shown is of previous day

S1 – First Support Level, R1 - First Resistance Level, S2 – Second Support Level, R2 – Second Resistance Level,

Delta Corp Casino Share Prices

RELATED LINKS

Dynamic levels provides share price forecast for 4200 instruments across 93 exchanges and 56 countries in the form of support & resistance levels . These strong weekly/monthly levels gives you a valuable share price forecast for DELTA CORP for today. These major support & resistance levels are reversal levels where the market may turnaround, hence can be used for entry & exit.

(i) Delta Corp Limited (“Delta Corp”) is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. They, along with its Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions. In addition, they have also ventured into the fast-growing online gaming space through its acquisition of Gauss Networks Private Limited, which operates the online poker site ‘Adda52.com’.

The early-mover advantage has helped Delta Corp to secure a leadership position, with the Company holding three of the six offshore gaming licenses issued in Goa, one land-based casino in Goa and one in Sikkim; and three online gaming sites.

(ii) Delta corp operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. The Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. They also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim.

Price trends tend to persist, so it's worth looking at them when it comes to a share like Delta. Over the past six months, the relative strength of its shares against the market has been 34.34%. At the current price of ₹132.55, shares in Delta are trading at 29.78% against their 200 day moving average. Share price forecast Latest broker research reports with buy, sell, hold recommendations along with forecast target prices and upside. Browse thousands of reports and search by company or the broker.

They also own and operates The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. They also own and operate the online poker site ‘Adda52.com’, the online rummy site ‘Adda52rummy.com’ and the online fantasy sports site ‘LeagueAdda.com’.

Buyback Type:Open Market
Buyback Opening Date:Apr 08 2020
Buyback Closing Date:Oct 07 2020
Buyback Offer Amount: ₹ 125 Cr
Date of Board Meeting approving the proposal:Mar 28 2020
Date of Public Announcement:Mar 28 2020
Buyback Offer Size:4.61%
Price Type:Open Market
FV:1
Buyback Price: ₹ 100 Per Equity Share

Details of Buyback:

The board has decided that the company will do a buyback of equity shares having a face value of Re. 1 (Indian Rupee One Only) each (the 'Equity Shares'), for an aggregate amount not exceeding Rs. 125 Cr ('Maximum Buyback Size') and at a price not exceeding Rs. 100/- per Equity Share ('Maximum Buyback Price'), payable in cash, from its shareholders / beneficial owners (other than those who are promoters, members of the promoter group or persons in control), from the open market.

Salient financial parameters:

Particulars( in Cr)Mar-08Mar-09Mar-10Mar-11Mar-12Mar-13Mar-14Mar-15Mar-16Mar-17Mar-18Mar-19
Sales +103101132376365425559300375455608798
Expenses +576086188264335434237255294361483
Operating Profit4641461881019012563121161246314
OPM %45%41%35%50%28%21%22%21%32%35%41%39%
Other Income5811613184261293036
Interest15313116111533514135102
Depreciation236668173536363738
Profit before tax3315211729685117-175699228311
Tax %40%37%39%4%30%40%44%-64%36%28%32%37%
Net Profit16712166502935-233874156197
EPS in Rs1.060.360.598.112.111.221.5101.663.185.817.26
Source: Screener.inDelta Corp is currently available at P/E of 8.26 based on 2018-19 earnings. The company has never available at this cheap valuation in the last 10 years.

How to Participate in buyback?

Delta Corp Casino Share Price Nse

In this method of share Buyback, the company will be purchasing stocks from existing shareholders of the company directly from the market. Example: “Delta Corp Limited Buyback 2020” announces the buyback plan of its shares up to the price of Rs 100, it means that the company will be purchasing shares of 'Delta Corp Limited Buyback 2020' from the open market at a price not exceeding Rs.100 per share. Scenario 1- If the share price is below Rs.100 in that case, the company will put buy orders at the current market price and purchase shares. Scenario 2- If the share price is above Rs. 100, in that case, the company will put buy order at Rs. 100 only and if someone is ready to sell at Rs.100 or less then the only company will get back shares.
Delta corp casino share price today

Profit from the buyback on the bases of acceptance Ratio:

Delta Corp Casino Share Price Jse

Recommendation:

 caemasigis1971.netlify.com © 2022