Delta Corp at new high

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.