India's Delta Corp rises amid reports that GST Council may cut retroactive taxes

Delta

19/06/2024 09:40

** Shares of Delta Corp  DELT.NS  rise as much as 16.9% to
154.66 rupees
    ** Rise after media reports said that India's Goods and
Services Tax council could consider a review of retrospective
tax on online gaming in its upcoming meeting on June 22
    ** The GST Council will discuss this proposal on June 22 and
If approved, it could lead to tax reduction for online gaming
companies like DELT
    ** Stock clocks busiest session since early December 2023
    ** Nearly 54 mln shares change hands, 22x the 30-day moving
average
    ** Stock last up ~12%, rose 1.7% YTD 
    

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.das@thomsonreuters.com))