Trending stocks: Delta Corp shares slip over 4%

NEW DELHI: Shares of Delta Corp Ltd. traded 4.48 per cent down in Monday's trade at 11:47AM (IST). Around 36,939 shares changed hands on the counter.

The stock opened at Rs 71.95 and touched an intraday high and low of Rs 71.95 and Rs 67.85, respectively, in the session so far. Shares of the company of Delta Corp Ltd. quoted a 52-week high of Rs 224.75 and a 52-week low of Rs 54.0.

Total market cap of the Delta Corp Ltd. stood at Rs 1838.32 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 205.13 crore for the quarter ended 31-Dec-2019, up 2.14 per cent from previous quarter's Rs 200.84 crore and up 0.33 per cent from the year-ago quarter's Rs 205.81 crore.

The net profit for latest quarter stood at Rs 55.07 crore, up 8.98 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 6.95 per cent stake in the firm, while foreign institutional investors held 16.07 per cent and the promoters 32.77 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 8.62 and a price-to-book ratio of 0.94. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Delta Corp Ltd. belongs to the Gaming industry.