Delta Corp at new high

about 11 days ago
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Delta Corp is among the top five gainers on the BSE since the opening bell. The stock, which had closed yesterday at Rs.272.15, went on to hit a new 52-week high today at Rs.305.60.

The stock price hit a high after it announced, for Q2FY22, a narrowing of consolidated loss from Rs.29 crore to a loss of Rs.22 crore (QoQ). YoY, the loss has come down from Rs.55 crore – that’s on account of the strict lockdown last year.

Consolidated total income was almost status quo at Rs.82.52 crore v/s Rs.82.72 crore (QoQ).

The company's casinos at Goa operated at around half or 50% of normal capacity while it resumed normal operations with effect from September 20, 2021 with restrictions. Its hotels at Goa also operated at 50% of normal capacity for a part of April 2021 and then with restrictions from July 5, 2021.

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