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DELTA CORP LTD - READY TO GAMBLE? :)Hello, Everyone I hope you all will be doing well in your life and your investing AND YOUR GAMBLING :) as well. Here I have brought a stock that looks at bottom and ready to change trend. Delta Corp Ltd is the name of the stock. CMP is 128. Strong support at 110. It made low of 104.45 in June 24. If it breaks 110 by chance than it may touch 80 to 85. That looks slightly doubtful but anything can happen in Stock Market. Its difficult to predict. I know it’s tough but still I’m trying 😊. Upside target as per Fibbo 180, 225, 260, 290, 340, 400. Just an assumption. Please do you research. Not a suggestion of buying. As I told This is Stock Market. Source: Screener.in Delta Corp Ltd About Delta Corp is currently operates in the Gaming, Hospitality and online skill gaming segment.(Source : 202003-01 Annual Report Page No:113) Key Points Business Mix 1) Casino Gaming (80% in Q1 FY25 vs 71% in FY22): The company has a major market share in Goa, with a net capacity of 2,000 gaming positions. It owns 3 of the 6 offshore gaming licenses issued in Goa, 2 land-based casinos in Goa, and one in Sikkim, including Deltin Royale and Deltin JAQK, among the country’s 2 largest offshore casinos. The segment gross revenue grew by 50% between FY22 and FY24. The YoY growth in FY24 was flattish due to the divestment of a casino in Nepal, and dry docking of a casino vessel for nearly 5 weeks. 2) Online Gaming (15% in Q1 FY25 vs 21% in FY22): The company owns and operates the online poker site Adda52.com. The segment gross revenue declined by 9% YoY between FY22 and FY24, due to a substantial increase in GST, since October 2023. 3) Hospitality (5% in Q1 FY25 vs 8% in FY22): The company owns and operates 2 hotels including Deltin Suites, a 106-room, all-suite hotel with a casino in Goa, and The Deltin, a 176-room, a five-star integrated resort spread over more than 10 acres at Daman. This segment's revenue declined by 17% between FY22 and FY24. GST Demand: The GST authorities issued a notice to Delta Corporation and its subsidiaries demanding tax on the entire "betting value" rather than on the net gaming revenue (i.e., the commission or fee that the casino earns). The tax authorities argue that the total face value of bets placed by players should be taxed at 28%. Tax Base Dispute: Delta Corporation contends that only the gross gaming revenue (GGR) or the rake (i.e., the commission earned by the company) should be subject to GST, not the entire value of bets placed. The difference between taxing the total betting value and the rake is substantial and has led to 23,200 Crs of Contingent Liability. Entry into Real Estate The company has formed a strategic partnership with Alpha Alternatives Fund Advisors LLP and Peninsula Land for real estate development. This Real Estate Fund will invest Rs. 765 Cr in residential redevelopment projects, land parceling in the MMR region, and plotted developments around Mumbai, Alibaug, Khopoli, Karjat, and Pune. The company’s contribution to the real estate platform is up to Rs. 90 Cr. Expansion The company has planned a capex of Rs. 350 Cr, in the casino business, it is replacing its “Kings Casino” with a new vessel, which will double its gaming positions to 4,000, it is projected to start commercial operations in Q4 FY25. It is also constructing a 450-room hotel in Goa, with a capex of Rs. 450 Cr, and is likely to start operations by Q4 FY26. Integrated Resort Project The company plans to build an integrated resort on 100 acres in Dhargalim, Goa, near the new Mopa airport. The resort will include a 5-star hotel, electronic casino, theme park, mall, gaming zones, and recreational areas. Although all approvals are in place, the project is on hold due to GST issues. By January 2024, the company had invested around Rs. 170-180 Cr in the project. Divestment The company has divested its stake in Deltin Casino International in Nepal by the sale of a 100% stake in Caravella Entertainment Pvt Ltd, for an enterprise value of Rs. 80 Cr. IPO of Subsidiary Delta Tech Gaming Limited, a WOS of the company, had filed a draft red herring prospectus in June 2022. This IPO has been put on hold due to ambiguity. Delta corp Demerger: How many shares will investors receive? The company revised its demerger scheme, transferring the Dhargal project to Deltin Hotel & Resorts and other hospitality and real estate businesses to Delta Penland, maintaining a 1:1 share entitlement ratio. A significant corporate restructuring is set to reshape the landscape of a hospitality and real estate enterprise in the gaming industry. The strategic demerger promises to unlock value for investors by strategically separating core business segments into distinct entities. Investors are poised to witness a transformative corporate move that will redistribute assets and create focused operational streams. Share Price Movement The share price of Delta Corp Limited went up by 2.2 percent to Rs. 125.42 per share on Monday, an increase from its previous close of Rs. 122.65 per share. The market capitalisation now stands at approximately Rs. 3,314 crore as of December 09, 2024. What happened The revision of the Composite Scheme of Arrangement involves the demerger of Delta Corp Limited’s Hospitality and Real Estate Business into Delta Penland Private Limited (DPPL). This includes the Dhargal Project in Goa. The project will require significant capital investment and will be managed as a separate legal entity. The share entitlement ratio remains 1:1, with DPPL issuing one new equity share for each existing Delta Corp. share held. The revised scheme is subject to regulatory approvals. Q2 Financial Highlights According to its recent filing, in the quarter ending September 2024, Delta Corp’s consolidated revenue from operations has declined by 27.9 percent YOY from Rs. 261 crore in Q2 FY24 to Rs. 188 crore in Q2 FY25 and increased by 3.86 percent QoQ from Rs. 181 crore in Q4 FY24. The company’s consolidated net profit has declined by 60.8 percent, from Rs. 69 crore in Q2 FY24 to Rs. 27 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 22.7 percent QoQ from Rs. 22 crore. Market Outlook The casino industry in India, particularly in Goa and Sikkim, is expanding, boosting local economies and tourism. Goa, known for its vibrant casino culture, and Sikkim, with its growing gaming facilities, contribute significantly to state revenues through taxes and tourism spending. Despite challenges like social responsibility. The industry is set for growth due to rising income levels, technological advancements, and changing regulations. Online gaming, a key growth driver, has also seen a substantial rise, with millions of new users and increased revenue from casual and transaction-based games. Shareholding Pattern As of the December 2024 shareholding pattern, Delta Corp Limited is primarily held by the promoters at 33.26 percent, foreign institutional investors hold 1.25 percent, and the public with 56.87 percent. About Company Delta Corp Limited is a key player in the Indian gaming industry, spanning casino, online gaming, and hospitality sectors. Founded in 1990 as a textiles and real estate consultancy, Delta Corp. has diversified its business portfolio significantly. Headquartered in Mumbai, it is the only publicly listed company in India that specialises in live electronic and online casino gaming, solidifying its leadership in the organised gaming sector. Delta Corp. operates through three main divisions. In casino gaming, it manages several major offshore casinos like Deltin Royale and Deltin JAQK, along with land-based options such as Deltin Suites in Goa. In online skill gaming, Delta Corp oversees popular platforms including Adda52.com, Adda52Rummy.com, and Adda.games. In the hospitality space, it owns luxury hotels such as The Deltin in Daman and Deltin Suites in Goa. Delta Corp remains committed to innovation and customer experience, aiming to sustain its leadership in the Indian gaming industry. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:DELTACORPLong
by Alleyshah
Research report on RSI for beginnersLet's break down each point and explain them ::::::::::::::::: Happy learning **Basic Concepts:** 1. **What is RSI?** - RSI is like a traffic light for stocks in the Indian market. It tells you if a stock is moving too fast or too slow. If RSI is high, the stock might be overexcited, and if it's low, it might be tired. 2. **Calculation of RSI:** - RSI is calculated by looking at how much a stock's price went up and how much it went down in the last 14 days. This gives you a number between 0 and 100. 3. **Interpreting RSI:** - When RSI is above 70 in the Indian market, it's like a stock being at a crowded party – it might be time to leave soon. When RSI is below 30, it's like a stock being alone in a quiet room – it might be time to join the party. 4. **Divergence:** - If a stock's price is doing one thing, and RSI is doing the opposite, it's like a disagreement. In India, this can signal a possible change in the stock's direction. 5. **Using RSI for Trend Confirmation:** - RSI can help you confirm if a trend is strong in the Indian market. If RSI is above 70 in a rising market, the trend might continue. If RSI is below 30 in a falling market, the trend might keep going down. **Intermediate Concepts:** 6. **RSI Period and Sensitivity:** - You can change the "14-day" period to make RSI more or less sensitive to stock movements in India. Shorter periods are like a faster reaction, and longer periods are like a slower reaction. 7. **Centerline Crossovers:** - RSI crossing the 50 mark in the Indian market is like a stock changing its mood. Above 50, it's becoming bullish (optimistic); below 50, it's becoming bearish (pessimistic). 8. **Overbought and Oversold Confirmation:** - Overbought (above 70) in India can be like a stock being too hot to handle. Oversold (below 30) is like a stock being on a big discount. But remember, check other signals too. **Advanced Concepts:** 9. **Hidden Divergence:** - Hidden divergence in the Indian market is like spotting a hidden treasure. When a stock's price is doing something special, but RSI disagrees, it can be a hidden signal of a trend change. 10. **RSI and Support/Resistance:** - RSI levels can act as bouncy floors (support) or glass ceilings (resistance) for stocks in India. If RSI bounces off a level, it can be a good entry or exit point. 11. **Multiple Timeframes:** - Think of this like looking at a movie frame by frame. Combining RSI analysis on different timeframes in India gives you a full picture of the stock's behavior. 12. **RSI with Other Indicators:** - RSI is like one player in a cricket team. When you have a whole team of indicators working together in the Indian market, you can make more accurate decisions. 13. **RSI Strategy Development:** - This is like creating your own recipe for a perfect dish. Traders often create their unique RSI-based strategies in India with specific rules for when to buy and sell. 14. **Risk Management:** - Just like a goalkeeper in football, you need to protect your goal (money). In India, set limits on how much you're willing to lose (stop-loss) and how much profit you're happy with (take-profit). 15. **Backtesting and Optimization:** - Backtesting is like practicing before the big game. In India, you can test your RSI strategies on past data and tweak them to find the best ones for the future. :::::::::::::::::::::::::::::::::::::::: Formula ::::::::::::::::::::::::::::::::::::::::::::::::::::::: Relative Strength Index (RSI) Formula: RSI = 100 - RSI (Relative Strength Index) is calculated using the following steps: Calculate Daily Price Changes: Find the price changes (typically closing prices) from one day to the next. If today's closing price is higher than yesterday's, it's considered a "gain," and if it's lower, it's a "loss." Calculate Average Gain and Average Loss: Calculate the average gain and average loss over a specified period, usually 14 days. The average gain is the sum of gains over the period divided by 14, and the average loss is the sum of losses divided by 14. Calculate the Relative Strength (RS): Divide the average gain by the average loss to get the relative strength (RS). RS = Average Gain / Average Loss. Calculate the RSI: Use the RS to calculate the RSI using the formula RSI = 100 - . Further Explanation: RSI is used to determine whether a stock or market is overbought (too high) or oversold (too low). Here's a more detailed explanation: RSI values range from 0 to 100. When RSI is above 70, it's typically considered overbought, suggesting that the stock might be due for a price correction or a pullback in the Indian market. When RSI is below 30, it's usually considered oversold, indicating that the stock might be undervalued or due for a potential price increase in the Indian market. Traders often use RSI to identify potential entry and exit points. For example, if RSI crosses above 70, it may be a signal to sell or take profits. Conversely, if RSI crosses below 30, it may be a signal to buy or enter a position. Hidden divergence occurs when the price of a stock in the Indian market makes a higher high (in an uptrend) or a lower low (in a downtrend), but the RSI fails to do the same. This can be a more subtle sign of a trend reversal. RSI can be used in conjunction with other technical indicators to enhance trading strategies in the Indian market. BSE:BANK NSE:BANKNIFTY NSE:ICICIBANK NSE:AXISBANK NSE:SBIN NSE:KOTAKBANK NSE:UNIONBANK NSEIX:NIFTY1!
NSE:BANKNIFTY
by Anand_7
2
Basics of Option's Delta: With ExamplesOption's DELTA represents the change in price of an option with respect to change in price of an underlying. Let's understand briefly with the help of Nifty example. 1️⃣ In the above Nifty example, 17750 is an At the Money CE option. Delta of ATM CE is near 0.5 Which means that if spot moves 10 points, 17750 CE will move 5 points. Normally ATM options are highly volatile options. 2️⃣ 17700 is slightly In the Money CE. Delta is 0.7, means if spot moves up 10 points, the CE option will move up by 7 points. Volatility is fairly high in this one too but less compared to 17750. ⚡If you open the chart of the above options, you will see spikes with lot of wicks above and below the candles (if market stays around these levels). Also, there will be a lot of breakout/breakdown failures over the swing highs and lows in the intraday. This is due to highly volatile nature of ATM options. 3️⃣ 17650 and 17600 are deeper In the Money CE options. You can see that the delta is around 0.9 It means that if index moves 10 points, these CE option will move 8-9 points also. These options are less volatile compared to ATM options. ⚡The deeper the CE option, the higher would be the delta, but the value of Delta never exceeds 1. You should note that deep ITM options just behave like the underlying Futures. Means a 1-point movement in the underlying equals 1 point move in the option. So, if you don't want to trade futures for some reason, you can trade with deep ITM options. ⚡⚡Remember that Delta varies as the market moves. Ex if market moves down by 100 points, in this example, then Delta of 17650 CE will become 0.5 as it will be ATM at that point. This behavior along with higher Theta of ATM needs more attention. ⚡Needless to mention, the Delta of Out of the Money CE options remains less than 0.5 and it keeps on decreasing as we move deeper into OTM CE options. Ex Delta of 17900 CE is 0.05 while publishing this post on the expiry day. This is the reason that an OTM CE will have bare minimum movement with respect to movement in the underlying. Disclaimer: I don't call myself an option expert and I am not much into complex option strategies. But this is the least that one should know as an option trader. Do like for more informative posts in the future. Regards
NSE:NIFTYEducation
by Bravetotrade
21
WHAT IS OPTION GREEKS ?NSE:BANKNIFTY Introduction Option trading is an exciting process and almost every market participant has at least experienced the thrill of trading options, almost all the time with unsatisfactory results. To avoid such accidents an option trader seeks different tools to trade sucssessfully, The most important of tools are the Option Greeks and they are usually the first metric looked upon by option traders. What are Option Greeks? Options are derivatives of underlying assets ( curd is a derivative of milk, so the change in the quality of milk will result in a change in the quality of the curd derived ) similarly, Greeks are a way to measure the sensitivity of the price of the option to various factors. The price of the option premium does not always move in conjunction with the price of the underlying asset and it is important to understand the different factors that affect the change in the price of the premium. With the help of the option greeks, a trader will be able to measure the rate of change of different factors affecting the option premium. # You can check the option greeks by using zerodha option chain or any other trading platform What is DELTA? The first Greek is Delta, which quantifies how much an option's price is projected to fluctuate for every $1 that the underlying securities or index changes in price. For example,A Delta of 0.50 indicates that the option's price will fluctuate 50 point for every 100 point movement in the price of the underlying stock or index. #Delta for call option ranges between 0 to 1 and for put option ranges between -1 to 0. >ATM options have a delta of 0.5 >ITM option have a delta of close to 1 >OTM options have a delta of close to 0. Delta = Change in option premium/ Unit change in the price of the underlying asset. #The following example should help you understand this better – Nifty is currently trading at 16000 Option Strike = 15900 Call Option Premium = 150 Delta of the option = + 0.60 Nifty is expected to reach 16200 What is the likely option premium value at 16200 ? Well, this is fairly easy to calculate. We know the Delta of the option is 0.60, which means for every 1 point change in the underlying the premium is expected to change by 0.60 points. We are expecting the underlying to change by 200 points (16200 – 16000), hence the premium is supposed to increase by = 200*0.60 = 120 the new option premium is expected to trade around 150 + 120 = 270 What ia gamma? Gamma is used to measure the delta’s change relative to the changes in the price of the underlying asset. If the price of the underlying asset increases by 1point, the option’s delta will change by the gamma amount. The gamma value will also range between 0 and 1. Gamma = Change in an options delta / Unit change in the price of the underlying asset. What is Theta? The Theta or time decay factor is the rate at which an option loses value as time passes. Theta is expressed in points lost per day when all other conditions remain the same. theta is always shown as negative number because option value is depriciating as the time is passing. Theta is the biggest enemy of option buyer cause it reduces the favourable outcome of option buyer by depriciating the option price. for example,A Theta of -15 indicates that the option premium will lose -15 points for every day that passes by. if an option is trading at Rs.290/- with a theta of -15 then it will trade at Rs.275/- the following day when other factors remain constant. Theta = Change in an option premium / Change in time to expiry. This is the graph of how premium erodes as a time to expiry approaches. This is also called the ‘Time Decay’ graph. What is Vega ? It is intended to tell you how much an option’s price should move when the volatility of the underlying security or index increases or decreases. It is the change of an option premium for a given change (typically 1%) in the underlying volatility. 1. Vega measures how the implied volatility (IV) of a stock affects the price of the options on that stock. 2. Volatility is one of the most important factors affecting the value of options. 3.A drop in Vega will typically cause both calls and puts to lose value. 4. An increase in Vega will typically cause both calls and puts to gain value. Vega = Change in an option premium / Change in volatility. What can option Greeks do for you? 1.Help you measure the possibility that an option will expire in the money (Delta). 2.Estimate how much the Delta will change when the stock price changes (Gamma). 3.Get a feel for how much value your option might lose each day as it approaches expiration (Theta). 4.Understand how sensitive an option might be to large price swings in the underlying stock (Vega). “With the help of Greeks, an options trader can make more analyzed decisions about which options to trade, which strike price to trade and when to trade. Since there are a variety of market factors that can affect the price of an option in some way, assuming all other factors remain unchanged, we can use Greeks and determine the impact of each factor when its value changes.” I Hope you found this helpful. Please like and comment. Happy Trading!
NSE:BANKNIFTYEducation
by SANJAYPATIDAR_
28
DELTA CORP --INTRADAY SETUP -- 15/07/2022DELTA CORP -- HOURLY CHART -- INTRADAY SETUP 1. stock seen shift from lower channel to upper channel on hourly chart 2. stock seen close at channel support lower level on hourly chart 200 HMA support bellow the closing candle 3. HAMMER & DOJI candle combination seen indication for trend reversal after correction 4. RSI seen about cross at closing candle 5. intraday buy can initiate between 175 -178 for target 180-182-185 Stop loss bellow previous hammer candle bellow 172 6. intraday support 175-172 Resistance 180-185 **** Gap down open bellow 172 level --opening then no trade cause stock may form bearish pattern then ! ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk !! HAPPY TRADING !!
NSE:DELTACORPLong
by champtrade111
2
DELTA CORP -- POSITIONAL -- MAY 2022DELTA CORP -- POSITIONAL -- MAY 2022 -- DAILY CHART 1. stock currently trading at upper channel where strong support seen at 248-250 level consistently, stock close at 250 level at same support , as triple bottom support now 2. Resistance seen around 325-330 level from where correction taken stock to current level as oversold on daily chart 3. WAVE TREND also seen oversold and double bottom formation seen which is trend reversal from current level 4. trend line support seen around 225-230 level so stop loss can place bellow trendline support. BUY DELTA CORP @ 250 Target 275-300-325 ( Positional 2 month ) Stop loss 215 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !! HAPPY TRADING . !!
NSE:DELTACORPLong
by champtrade111
1