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May 23, 2011, 10.39 PM IST
Delta Corp, a diversified company has gained 153.63% in last one year but today it was marginally down on the buzz that it sold Kenyan foray, Delta Centre to World Bank for USD 22.8 million.
Today’s stock performance: The scrip touched an intraday high of Rs 86.80 and an intraday low of Rs 83.30. It closed at Rs 83.95, down Rs 0.40, or 0.47%. There were pending buy orders of 8,594 shares, with no sellers available. The total traded volumes were of 1,413,074 shares. How far is it from its 52-week high/low? The company touched its 52-week high Rs 141.65 and 52-week low Rs 31.00 on November, 12 2010 and June 9, 2010, respectively. Currently, it is trading -40.63% below its 52-week high and 171.29% above its 52-week low. Its market capitalisation stands at Rs 1,697.21 crore. The company's trailing 12-month (TTM) EPS was at Rs 6.37 per share. The stock's price-to-earnings (P/E) ratio was 13.21. The latest book value of the company is Rs 19.22 per share. At current value, the price-to-book value of the company was 4.38. The dividend yield of the company was 0.3%. Recent acquisition: Recently, the company bought 51% stake in under construction five-star deluxe hotel, Daman Hospitality, for Rs 50 crore. In an interview with CNBC-TV18, Hardik Dhebar, Group CFO, Delta Corp said, he expects this acquisition to be a great strategic fit in the entire gaming space. “We are acquiring about 51% stake, by virtue of which we are putting in close to about Rs 100 crore,” he adds.
Also Read: Delta Corp buys 51% stake in 5-star hotel Daman Hospitality March Quarter results: The company reported a profit after tax of Rs 165.7 crore in financial year 2010-11, a 1,269.4% growth as compared to Rs 12.1 crore in previous year. Results included sale of Prabhadevi land for Rs 250 crore in the second quarter of FY11. Net sales jumped 184% to Rs 376 crore from Rs 132.5 crore in the same period.
About the company: Delta Corp Ltd. (Formerly Arrow Webtex Limited) has been engaged in the business of textiles and real estate development / consultancy. Having started as a pure textile player, Delta Corp Limited has transformed into a diversified company, with interests in real estate (in India as well as East Africa), gaming and entertainment, and hospitality. Delta Corp has de-merged its textile business into a new entity which is now called Arrow Textiles Limited. Delta Corp is promoted by Jaydev Mody, an eminent and successful Indian entrepreneur and erstwhile Managing Director of Peninsula Land Limited ('PLL') (promoted by the Ashok Piramal Group). Peer comparison:
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