Is Delta Corp a Buy? Gaming and Casino Stock🎮

Do you play PUBG? or are you into the gaming industry? Don’t worry, It doesn’t matter if you play or not. However, learning more about technical and fundamental analysis is important if you want to earn in the stock Market. Let’s analyse Delta Corp NSE: 142.25 apiece.

Delta Corp has been in the news for its recent 28% imposed GST on its business. Since then the stock price fell from Rs 242 to 142 Today. Maybe it is time to take a look at this.

Considerably, the stock seems to be on its support right now, so we could see an upside from here. Few new positions can be made during this time as the company is doing well fundamentally.

If you know a bit about breakout trading, or support and resistance,. You will find this stock trying to break its resistance in a smaller time frame.

As the stock is getting close to its resistance, It could break. Again, this is just for the educational purposes. If you wanna trade in a stock, you need to learn proper ways to make money.

Let’s look at the fundamentals of the Delta Corp

Profit & Loss

Consolidated Figures in Rs. Crores / View StandalonePRODUCT SEGMENTS

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales +	365	425	559	300	375	455	608	798	773	419	616	1,021	1,043
Expenses +	264	330	408	233	244	293	360	482	486	397	477	654	685
Operating Profit	101	95	151	67	131	161	247	315	288	22	139	366	359
OPM %	28%	22%	27%	22%	35%	36%	41%	40%	37%	5%	23%	36%	34%
Other Income +	13	13	16	2	2	9	29	35	33	27	30	46	55
Interest	11	15	33	51	41	35	10	2	16	14	16	24	10
Depreciation	6	8	17	35	36	36	37	38	49	53	56	59	60
Profit before tax	96	85	117	-17	56	99	228	311	256	-18	98	329	344
Tax %	30%	40%	44%	-64%	36%	28%	32%	37%	28%	-42%	30%	20%
Net Profit +	67	49	64	-28	36	71	155	196	185	-26	68	262	273
EPS in Rs	2.24	1.29	1.55	-0.99	1.66	3.18	5.81	7.26	6.85	-0.90	2.51	9.77	10.17

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