Shares of Delta Corp fell 27.79% to Rs 178.20 in the afternoon session today against the previous close of Rs 246.80 on BSE. Earlier, the stock opened lower at Rs 222.15 on BSE.
Shares of Delta Corp Ltd crashed 20% today after the GST Council decided to levy a 28 per cent GST on online gaming, horse racing, and casinos. The decision to raise GST by 10% online gaming is negative for the investors of the online gaming firm. Currently, online gaming platforms pay 18 percent GST on the platform fees.
Delta Corp stock crash today: The Delta Corp stock hit the lower circuit of 20% at Rs 197.45 on BSE. Total 2.13 lakh shares of the firm changed hands amounting to a turnover of Rs 4.46 crore.
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The 30-share BSE Sensex climbed 254 points or 0.42 per cent to trade at 60,100, while the broader NSE Nifty moved 77 points or 0.44 per cent higher to trade at 17,701. Mid- and small-cap shares were up as Nifty Midcap 100 rose 0.69 per cent and small-cap gained 0.54 per cent.