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Supreme Court stays tax proceedings against Delta Corp

after close1 source ↓written by the desknot a recommendation

issued
30 April 2026

Delta Corp Limited has received a stay order from the Supreme Court of India regarding tax notice proceedings against the company and its subsidiary, Highstreet Cruises and Entertainment. This order, issued on 30 April 2026, provides temporary relief from ongoing tax-related challenges.

The stay will remain effective until the final resolution of the main legal matter, potentially easing investor concerns and stabilizing market sentiment around the stock. 📈

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 May 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

DELTACORP closed −0.3% on the day of the news, from ₹71.18 to ₹70.97; Nifty +0.5% over the same session.

Bulletin at 16:07 IST on 3 May 2026. Every change is measured from ₹71.18, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • DELTACORP close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
DELTACORP closes around the bulletin against the close before the news, with Nifty 50 rebased to it47.3871.1894.98axis spans 100%before the news · 30 Apr71.18Nifty 50DELTACORPbulletinD0+1+3+524 Apr7 May18 MayReference close ₹71.18. 16 sessions from 24 Apr to 18 May; the price axis spans 100 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before30 Apr₹71.18basebase
On the day4 May₹70.97▼ −0.3%▲ +0.5%−0.8 pp difference
+1 session5 May₹70.43▼ −1.1%▲ +0.1%−1.2 pp difference
+3 sessions7 May₹79.82▲ +12.1%▲ +1.4%+10.8 pp difference
+5 sessions11 May₹74.53▲ +4.7%▼ −0.8%+5.5 pp difference
Gap at the open, % · ₹
0.0%+0.02 on 4 May
Day's range, % · ₹
2.8%≈ 2.0 high to low
Volume on the day
0.17×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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