Amid the inclusion of Delta Corp in the Futures and Options (F&O) segment, the shares of the gaming company have touched a new 52-week high after rallying by over 9 per cent to Rs 288.3 per share on the BSE intraday trade on Friday.

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The National Stock Exchange earlier in August had announced the inclusion of 8 more stocks in the list of stocks eligible for F&O trading. They are — Abbott India, Crompton Greaves Consumer, Dalmia Bharat, Delta Corp, India Cements, JK Cements, Oberoi Realty and Persistent Systems.

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The stock has hit an over three-year high on the BSE intraday and zoomed around 53 per cent in the last one month, as compared to a 2.7 per cent rise in the S&P BSE Sensex. 

Trading volumes on the counter more-than-doubled with a combined 24.07 million equity shares changed hands on the NSE and BSE in the early morning trade.

This is one of the favourite stocks of ace investor Rakesh Jhunjhunwala, who is termed as the Big Bull of the Indian stock market. He and his wife Rekha Jhunjhunwala collectively held a 7.5 per cent stake in Delta Corp as of June 30, 2021, shareholding pattern data shows.

Delta Corp is India’s leading listed casino and gaming company and also the largest organised player in the industry. It has a presence across all the formats of gaming i.e. Live, Electronic and Online. 

The company has established its presence in all of the casino destinations in India i.e. Goa and Sikkim. It owns and operates under both offshore and land-based licenses, supplementing the casinos with hospitality assets.

At around 12:40 pm, the stock is trading around 5 per cent higher to Rs 276 per share on the BSE, as compared to an almost 1 per cent decline in the S&P BSE Sensex on Friday.