Delta Corp jumps ~17% to Rs 82.84 even as Q4 profit collapses 90% YoY
India's only listed casino-hospitality operator surged on heavy volume (11.84 lakh shares, Rs 9.83 cr turnover), breaking out above Rs 80 with a 3-month gain of ~35%. Q4 net profit fell to Rs 16.45 cr on Rs 161.25 cr revenue (-11.72% YoY) plus a Rs 5.51 cr exceptional loss. Analysts split: breakout targets Rs 88-90, overbought risk to Rs 66.
Delta Corp, India's only listed casino-hospitality operator, surged ~17% intraday despite a 90% YoY Q4 profit drop. Analysts split: technical breakout above Rs 80 signals upside to Rs 88-90, but overbought signals warn of downside to Rs 66.
Why this matters
Delta Corp, India's only listed casino-hospitality operator, is up ~35% over 3 months as traders bid the stock higher on breakout momentum, shrugging off a steep Q4 earnings collapse and revenue decline.
Retail-company signals steady at 1,265 over the past 90 days, indicating consistent sector-wide activity.