Delta Corp forming a bottom. Delta Corp. Ltd. (India) engages in the business of gaming and entertainment. The firm owns and manages casinos in India. It operates through the following segments: Gaming, Online Skill Gaming, and Hospitality.
Delta Corp. Ltd. (India) CMP is 118.93. The Positive aspects of the company are Moderate Valuation (P.E. = 20.5), Company with No Debt, Company with Zero Promoter Pledge, The Negative aspects of the company are Increasing Trend in Non-Core Income, Declining Net Cash Flow : Companies not able to generate net cash, Companies with growing costs YoY for long term projects and De-growth in Revenue and Profit.
Entry can be taken after closing above 125.25. Targets in the stock will be 125, 129, 131 and 141. The long-term target in the stock will be 149 and 156. Stop loss in the stock should be maintained at Closing below 108 or 104 depending on your risk taking ability.
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