Delta Corp Share Price Target 2024, 2025, 2030, 2040, 2050
It is one of the casino and gaming companies. The company offers online and offline services to their customers. It is an Indian company.
This company also provides great hospitality. The company’s share was listed in the stock market in 2009.
What is Delta Corp Ltd NSE: DELTACORP?
It is an Indian company listed on the stock exchange that runs electronic casinos, live casinos, and online gaming. casino gaming, online skill gaming, and hospitality are the main businesses of this company.
It is also involved in online gaming through Deltatech Gaming Limited, which runs online poker. The company operates the Deltin JAQK, offshore casino Deltin Royale as well as Deltin Caravela, a floating hotel with a casino in India.
Delta Corp Share Price Target 2024
So as the smartphone came into everyone’s hands, many new businesses have been created like online ads on the website, where AdSense patterns could make money. Today online games are in demand and new and advanced games launch very quickly. The casino is also online. This company’s share launched in 2009, and since that time it has had good movement. But at the current time, it is not behaving well.
| Year | Minimum Price | Maximum Price |
| 2024 | 130 | 205 |
Delta Corp Share Price Target 2025
Currently, the company is facing a very bad situation. They have received two GST notices from the government to pay the tax. The tax amount is almost three times its market capital which is very huge. The company said that it is not a new thing happening to the company many other companies faced the same problem and by case fighting in court they got some relief, but for now, it is not in a good place on its price chart. In the upcoming year, we may see a correction.
| Year | Minimum Price | Maximum Price |
| 2025 | 190 | 243 |
Delta Corp Share Price Target 2030
We have discussed its situation at the current time. Well if we look at its chart pattern in the NSE the price is very low. Last time, the market was at its all-time high price in 2018 but till now that price level has not been broken. So if you look at it for the long term then it is good to wait for now, if the company is able to solve its financial situation then the company will grow once again.
| Year | Minimum Price | Maximum Price |
| 2030 | 220 | 320 |
Delta Corp Share Price Target 2040
As in India’s case, companies have to pay a good amount of tax to run in the country. And we know the company’s situation that company is in problem. In the coming year if they get over from paying the huge tax by the government, then only they can survive in the market. And for now, we should skip or wait for good news about this stock.
| Year | Minimum Price | Maximum Price |
| 2040 | 350 | 390 |
Delta Corp Share Price Target 2050
If you trade in the stock market for a short period of time then you have to do go through only chart patterns and execute the trade. But if you invest in the market for a long time it is very important for the company to be stable financially. But this company is not in that stage at the beginning it gives very good movement in its chart pattern but now it is at a very low price. So it is better to avoid this stock for now.
| Year | Minimum Price | Maximum Price |
| 2050 | 500 | 680 |
| 2040 | 350 | 390 |
| 2030 | 220 | 320 |
| 2025 | 190 | 243 |
| 2024 | 130 | 205 |
Should I Buy Delta Corp Stock?
So we have well discussed all the factors by which investment depends on an individual. The company makes a profit every year but as we have told you the GST tax is huge which impacts this company and that is the reason why its share going down day by day. So for the current time, you should skip this stock.
Delta Corp Ltd Earning Results
Quarterly – Delta Corp Q4 Results
*All figures in crores except per share values
| Fiscal Period | Mar 24 | Dec 22 | QoQ Comp | Mar 23 | YoY Comp |
| Total Revenue | 194.81 | 273.37 | -15.94% | 227.16 | -14.24% |
| Selling/ General/ Admin Expenses Total | 41.42 | 39.31 | -2.97% | 42.50 | -2.54% |
| Depreciation/ Amortization | 14.92 | 14.88 | -6.87% | 14.56 | 2.47% |
| Other Operating Expenses Total | 65.76 | 82.97 | -23.01% | 78.49 | -16.22% |
| Total Operating Expense | 118.24 | 185.93 | -38.41% | 181.54 | -34.87% |
| Operating Income | 76.57 | 87.44 | 92.53% | 45.62 | 67.84% |
| Net Income Before Taxes | 92.09 | 96.35 | 85.37% | 61.94 | 48.68% |
| Net Income | 72.41 | 84.82 | 110.01% | 51.17 | 41.51% |
| Diluted Normalized EPS | 1.24 | 3.16 | -3.93% | 1.91 | -35.20% |
Is Delta Corp Stock Good to Buy? (Bull Case & Bear Case)
Bull Case:
- Delta Corp is a top player especially in casinos, also in the Indian gaming and hospitality industry.
- The company runs casinos in Goa, Sikkim, and Daman and has an online gaming platform. This variety helps reduce risks.
- More Indian states are thinking about making gambling legal and setting rules for it.
- As tourism picks up after the pandemic, more visitors to Delta Corp’s casinos and hotels could mean higher revenues.
- The company plans to open new casinos and grow its online gaming. If successful, this could lead to growth in revenue and profits.
Bear Case:
- The gaming industry is tightly regulated. Any negative changes in laws or increased taxes could hurt Delta Corp’s business.
- It is not performing well and it can be seen in its stock pattern on the NSE. They have got two GST notices to pay the tax and the tax amount is very huge.
- The industry is competitive with new and existing players. More competition could reduce Delta Corp’s market share and profits.
Conclusion
So we have told you about the company’s background. The company makes a profit every year but due to the huge tax not paid by the company, it can’t perform well in the stock market. And if the company wants to survive in the market then they have to take necessary action. Till now you should only watch this stock, the current time is not for buying this stock.
