The share of Delta Corp company opened at Rs 114.45 on January 10, 2025 against the closing price of Rs 113.30. After this the share came down to Rs 110.10. But a big decision has come from the Supreme Court. After this news, the stock rose 5 percent to cross Rs 131 at 12 noon. Let us tell you that the court has currently banned all GST notices. The court said that the ban will continue until the case is heard.
Delta Corp's shares were at Rs 157.90 on 11 January 2024, which is a one-year record high price for its shares.
This rally of shares stopped here and in five months from this high level, it slipped by about 34 percent to Rs 104.30 on 4 June 2024. Which is a one-year record low for its shares. Online Gaming: SC gives relief to companies in GST case on online gaming - know what's next? Second company Nazara Technologies Ltd- The company's stock opened at Rs 985.00 against the closing price of Rs 990.85. After this, the stock came down to a low of Rs 958.25. After this the stock crossed Rs 1,070. The court has currently put a stay on all GST notices. The court said that the ban will continue till the matter is heard. So far, notices worth Rs 1,12,000 crore have been issued to the companies. The court will now hear the case on March 18. This case is related to the period up to October 1, 2023. In which GST has been imposed on the services of online gaming companies at the rate of 28% instead of 18%. Online gaming companies said that the new rate of GST on gaming should be considered from October 1, 2023.
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