Delta Corp Share Price Target Forecast 2022, 2023, 2035, 2030

03 December, 2021

WSPL, a subsidiary of Delta Corporation, is buying a 50% share in WSPL Containers; the stock is up 2%.

Waterways Shipyard Private Limited (WSPL), a Delta Corp Limited subsidiary, has committed to subscribe to 50% of WSPL Containers Private Limited’s paid-up equity share capital (WCPL).

WSPL Containers Private Limited (WCPL) is a new company that was formed on November 30, 2021, with the goal of continuing the container manufacturing industry. At a cash payment of Rs 5 crore, WSPL will subscribe to 50,00,000 equity shares of Rs 10 apiece, representing 50% of WCPL’s equity share capital.

Delta Corp Limited was trading at Rs 258.40 a piece at roughly 9.57 a.m. on the BSE, up Rs 4.85 or 1.91 percent from its previous closing of Rs 253.55 per piece.

“WCPL is a new firm founded on November 30th, 2021 with the goal of continuing the container manufacturing industry.

The proposed membership is not from the Company (but from one of its affiliates) and is not a Related Party Transaction. Mr. Jaidev Modi, a member of the company’s promoter group, is proposing to subscribe for 25% of the company’s paid-up equity share capital,” it said in a filing on Thursday.

Given that WSPL is a well-established shipyard on India’s west coast, this investment is likely to complement the company’s current activities. The transaction is estimated to take until December 31, 2021 to be completed.

Business-standard.com is the source for this information.


11 November 2021

Should you buy, sell, or hold? What should investors do with the share price target for Delta Corp?

Santosh Meena, Swastika Investmart’s Head of Research, has recommended this 

Delta Corp is in a strong bullish trend, and it’s on its way to a new all-time high. The last high was at Rs 401.6, but Rs 308 is an immediate obstacle, and once the market crosses that level, we may see some new buying activity.

On the downside, Rs 280 will act as an immediate support level, while Rs 250 will act as a solid support level for any profit booking. The RSI momentum indicator is bullish, and the ADX is also trading over 25 points, indicating present strength.

Zee Business.com is the source for this information.


09 November 2021

Rakesh Jhunjhunwala’s portfolio, has given him a multibagger return in a year. Should you make a purchase?

“Delta Corp stock is looking bullish on the chart pattern and in the immediate short term, it may climb towards 310 to 325 levels,” said Sumeet Bagadiya, Executive Director, Choice Broking. Anyone may invest in the stock market and hold it for a long time. The counter keeps a stop loss at the current market price of 270.”

Sumeet Bagdia went on to say that the Delta Corp stock might deliver a second breakout at 305, followed by a significant rally in the short run.

“Delta Corp is a hospitality and online gaming corporation with a large interest in the casino market,” Ravi Singhal, Vice Chairman, GCL Securities, stated, highlighting the reasons for the surge on Rakesh Jhunjhunwala Portfolio stock. Cases like Covid-19. The company expects a major boost in its casino and hotel industry over the forthcoming Christmas and New Year festivities now that the markets are under control and the market appears to have emerged from the third wave of fear. As a result, one can purchase Delta Corp shares in the area of 275 to 285 while keeping a stop loss at 250 with a goal of 350 until January 2022.”

Livemint.com is the source of this information.


08 NOVEMBER, 2021

Samvat 2078 gets off to a good start. Experts recommend Delta Corp trading ideas for a period of 3-5 weeks.

Vijay Dhanotiya, lead technical research at CapitalVia Global Research, recommends it.

Delta Corp: Buy | LTP: Rs 282.10 | Stop Loss: Rs 240 | Target: Rs 350 | Return: 24.1 percent

On the daily chart, the development of a hammer candle near the support line suggests that the stock is in an uptrend. The buy is further confirmed by a bullish candle on the weekly chart. Buying Delta Corp over Rs 275 with a target of Rs 350 and a stop loss of Rs 240 is a good idea.

Moneycontrol.com is the source for this information.


13 OCTOBER 2021

Gambling ban in Karnataka has had no influence on Delta Corp’s online skill gaming business.

Delta Corp, backed by veteran investor Rakesh Jhunjhunwala, does not expect Karnataka’s new gambling prohibition to have an impact on its online skill gaming activities.

Through its subsidiary Gaussian Network, Delta Corp runs an online poker site called Adda52 and a rummy platform called Adda52Rummy. It launched Adda Games, a multi-game destination that includes fantasy sports and card games, earlier this year.

After the state government took immediate action on October 6, Moneycontrol initially reported that many gambling platforms, including Adda52, MPL, Games24x7 (RummyCircle, My11Circle), Ace2Three, and RummyCulture, had begun limiting access to citizens in Karnataka. On October 5, the Online Gambling Act was notified. Dream11, a popular fantasy sports site, also halted operations on October 10th.

According to Moneycontrol, many of these gaming sites have filed an appeal with the Karnataka High Court, challenging the state’s online gambling statute.

“I don’t think we have much to add,” Delta Corp Group CFO Hardik Dhebar said in response to a shareholder question on the impact of Karnataka’s recent gambling ban and the company’s share of online income from the market during the company’s earnings conference call on Tuesday. Over 7% to 10% is the optimum (for Adda52). This isn’t the large number we’re seeing from Karnataka right now.

The online skill gaming industry is expanding.

In recent quarters, online skill gaming has been a crucial growth area for the corporation, since the company’s main operations, such as its casino and hospitality companies, have been severely harmed by the COVID-19-induced lockout, which has caused it to be suspended for many months this year. Last year, operations had to be halted.

Delta Corp earned Rs 40.45 crore from its online skill gaming business in the September quarter (Q2-FY22), down 9.3 percent from Rs 44.59 crore in the same quarter previous year. However, the segment had a loss of Rs 0.08 crore in the quarter, compared to a profit of Rs 1.27 crore in the previous quarter.

Delta Corp produced revenue of Rs 183.37 crore from its online skill gaming business for the entire financial year ended March 2021 (FY21), up 13.09 percent from Rs 162.14 crore in FY20. For the fiscal year, the division provided 35.6 percent of the company’s gross sales.

During the results call, Dhebar stated that in FY 2021 and the current fiscal, he has noticed “a little up and down on how internet firms have performed.”

“This is because, during the April-June 2020 quarter, when the lockdown was at its apex, internet platforms, including ours, witnessed a highly unusual surge, and this was the tightest of the lockdowns any country would have seen.” It was an anomaly, since everything have already returned to normal,” Dhebar remarked.

“Some exceptional statistics were seen during the April-June 2020 quarter,” Dhebar stated. However, from July 2020 onwards, things began to calm down, and they “saw a diminishing influence on income with respect to the internet area, as many individuals began to return to other activities as enterprises got off the ground.” This is something that the entire business has experienced.”

Delta Corp has also spent the last 18-20 months putting together a “strong back end infrastructure” and streamlining the staff and platform. In January of this year, Sivanandan Pare was elevated to CEO of Gaussian Networks. He had joined the firm as the CEO of Adda52Rummy in July of last year.

“We’ve also hired a new chief technology officer, a new business head, and a new head of market intelligence, and we’ve done a lot to streamline the platform,” Dhebar added.

area of future attention

While they will continue to focus on poker, Dhebar indicated during the results conference call on October 12 that they are now investing in building the rummy platform as well as the multi-game platform.

“The multi-gaming platform Addgames, as well as the rummy platform, which has now combined with the multi-gaming platform, will operate as a funnel to draw new platform registrants.” We will be able to recruit more individuals through this funnel. “It’s a poker website,” Dhebar explained.

This is significant, he argued, since unlike other skill-based games, poker is a distinct sport.

“Not everyone on the street can start playing poker right away; they must first study the game, comprehend it, and get enthusiastic about it before they can begin to play consistently.” During the earnings call, Dhebar made a point. “Even if only a tiny portion of the audience continues to play poker, the company’ income and profitability will return, and it will be stronger.”

Moneycontrol.com is the source for this information.


12 OCTOBER 2021

Delta Corp’s stock price reaches a 52-week high as losses in the September quarter shrink.

Delta Corp’s stock hit a 52-week high of Rs 305 in early trade on October 12, up 12%, after lowering its losses to Rs 22.57 crore in the third quarter of 2021, the most of the year. Previously, the amount was Rs. 54.91 crore.

Delta Corp’s net loss for the quarter ended June 2021 was Rs 28.93 crore, up 94 percent year on year to Rs 74.72 crore from Rs 38.37 crore.

Moneycontrol.com is the source for this information.


17 SEPTEMBER 2021

Delta Corp Share Price | Hot Stocks In the near run, Target can provide a return of up to 27%.

Vidnyan Sawant, AVP TECHNICAL RESEARCH|GEPL CAPITAL, has recommended this product.

Delta Corp | Long-Term Price Target: Rs 237.65 | Target Price: Rs 301 | Stop Loss: Rs 224 | Upside: 27%

The stock has produced a multi-year breakthrough with the construction of higher top/bottom on the monthly chart, indicating a strong positive undertone for the stock. It has broken out of an ascending triangle pattern with a lot of confirmation on the weekly chart, and it is still above the 200-week SMA, indicating strong favourable sentiment for the stock in the medium to long term.

It broke out of the Bullish Flag pattern on the Daily Charts a few days ago and began an upward rise, indicating that the stock is primed for another move higher. The momentum indicator RSI can be observed going above and above the 60 mark on numerous timeframes, indicating that the stock is now in a strong bullish momentum.

Rs 282 (August 2018 high) is the first level of resistance, followed by Rs 301. (April 2018 high). Below are some key levels to keep an eye on: Rs 224 (breakout level), Rs 192, and Rs 192. (200-Week SMA). With a tight stop loss of Rs 224, the stock may be purchased at present levels with a target of Rs 282 followed by Rs 301.

Moneycontrol.com is the source for this information.


Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo