Delta Corp tanks 15%, hits 52-week low on tax notice of Rs 16,822 crore

Shares of Delta Corp were locked in the temporary lower circuit of 15 per cent at Rs 149.10, hitting a 52-week low on the National Stock Exchange (NSE) on Monday at 09:41 AM, after the company said received a tax notice totaling of Rs 16,822 crore last Friday, September 22.

It also received interest and penalty from the Directorate General of GST for the period July 2017 to March 2022.

The stock of the casino operator fell below its previous low of Rs 173.75 touched on March 29, 2023. The stock trades under the future & option (F&O) segment, which doesn’t have any circuit limit. A combined 1.44 million equity shares have, thus far, changed hands, and there are pending sell orders for 17.97 million shares on the NSE and BSE.