Delta Corp recently saw investments from Rakesh Jhunjhunwala & R. Damani. He invested in at Rs. 52 / share, which is quiet approximate to the company's total assets per share. At this moment, within a short time, this company has run off to Rs. 130. There are reports regarding their foraying into Sri Lanka, particularly when the Sri Lankan government has legalised gambling their country in wake of major tourist influx. Delta Corp is expected to open up a casino within six months there. Meanwhile, it has commissioned one more boat for its gaming operations. Overall, this company is in news for allkinds of activities.
Regarding valuations, this company is yet to set a trend. There is no clear picture over the kind of its earnings, though, its footfalls in its casinos have been increasing. It also holds a certain other casino controlled by a subsidiary of Advani Hotels & Resorts. People must have a cautionary approach while investing into it at this moment. Its no longer cheap.
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