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Delta Corp stock climbed 2.93% to Rs 194.70 against the previous close of Rs 189.15 on BSE. Market cap of Delta Corp rose to Rs 5178.69 crore in the current session.
Delta Corp share price: On the technical front, the counter's 14-day relative strength index (RSI) came at 24.50. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 23.42 against a price-to-book (P/B) value of 2.33. The scrip has a one-year beta of 1.10, indicating high volatility.
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.