Delta Corp Hits 52-Week High On Robust Q1

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Shares of Delta Corp surged over 9 per cent, hitting 52-week high, on the Bombay Stock Exchange after beer and soft drink company reported strong earnings for the first quarter ended June 30, 2016.

The Zimbabwe-based company has posted a consolidated net profit at Rs 20 crore in April-June quarter as compared to a net loss of Rs 1 crore in the year ago quarter.

Delta Corp Hits 52-Week High On Robust Q1

Bolstered by earnings, shares of company gained as much as 9.25 per cent and touched 52-week high in intra-day to trade at Rs 106.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 4.92 per cent to Rs 102.45 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,096.55, up 93.43 points, or 0.33 per cent, at 11:45 hours.

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Story first published: Tuesday, August 2, 2016, 12:40 [IST]
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