Shares of Delta Corp touched a three-year high of Rs 121.85 apiece, up 9 percent in intraday trade after the company expects better revenues in FY14 compared to earlier year.
"We strongly believe that the gaming opportunity alone will not only compensate for the Kenya revenue going forward, but it will infact surpass all the numbers that we have done in the past. So we should be doing way better than what we did in FY13 on a consolidated basis as well," Hardik Dhebar, group CFO told CNBC-TV18.
Delta, which is engaged in the business of gaming, entertainment and hospitality, exited the Kenya real estate business completely that had contributed in the April-September period of current financial year.
He said in phase I, the hotel in Daman will be operational in couple of weeks and Daman opportunities will help growth remain healthy.
At 13:23 hours IST, the stock was trading at Rs 116.40, up 4.16 percent amid hefty volumes on the BSE, in addition to a 7 percent upmove in previous session. Traded volumes jumped 237 percent to 24,35,548 equity shares as compared to its five-day average of 7,23,326 shares.
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