India's Delta Corp hits over 3-yr high as Q2 loss narrows

Delta

12/10/2021 06:57

** Shares of Indian casino operator  DELT.NS  rise as much
as 12.9% to 307.45 rupees, their highest since March 2018
    ** Mumbai-based co posted Q2 loss of 225.7 mln rupees ($3.00
million) on Monday vs loss of 549.1 mln rupees a year earlier,
helped by performance at its casino gaming and hospitality
divisions  urn:newsml:reuters.com:*:nFWN2R71GW
    ** Co said the group was debt free and would have adequate
liquidity available to honour its liabilities and obligations
    ** DELT says the casino industry has requested the western
Indian state of Goa to waive licence fees for the period when
sector shut down due to COVID-19 lockdowns
    ** ~27 mln shares change hands vs 30-day avg of 12.6 mln
    ** Stock up 69.5% YTD, as of last close
    
    ($1 = 75.1810 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))