With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger
A combined 11.77 million shares had changed hands on the NSE and BSE till the time of writing of this report
Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route
Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Smaller Cap World Fund Inc, yesterday, sold 1.59 million equity shares of Delta Corp at a price of Rs 144 per share.
The stock was up 8% to Rs 245 on the BSE in intra-day trade on back of heavy volumes after the company reported 11% YoY growth in its consolidated net profit at Rs 481 million in Q2FY19.
The stock rallied 5% to Rs 178 on BSE in early morning trade in otherwise weak market
The company is a concept play on expansion of the casino and gaming industry in India
The stock was up 7% at Rs 165, appreciating 73% from its recent low of Rs 95.40 on December 26, 2016
The stock dipped 5% to Rs 129 on the BSE in intra-day trade.
The gains come after the stock witnessed nearly 50% fall from its 52-week high of Rs 195 since the government demonetised the Rs 500 and Rs 1,000 notes on Nov 8
The stock rallied 7% to Rs 195 after the company posted eight-fold jump in profit at Rs 32 crore in Q2FY17.
Adda52.com, owned by Gauss Network, is India's leading poker site
The company said the income streams are steady and are bound to translate into greater revenue and growth
The stock rallied 9% to Rs 107 after the company posted profit at Rs 20 crore in Q1FY17 against loss of Rs 1 crore in the year ago quarter.
The stock hit a high of Rs 95.80 and a low of Rs 93.60 so far during the day
The company said that the Goa government extended its offshore casino licenses to operate casinos on the Mandovi River till March 31, 2017.