Government's decisions made the situation bad, Rs 1 lakh reduced to 50 thousand in 100 days

100 days ago i.e. on 28 June 2023, the share of Delta Corp was at Rs 259.95. This was the period when there was a good rise in the shares of online gaming and casino companies. The committee was discussing for a long time the issue of imposing 28 percent GST on the company, but was not able to reach any conclusion.

This share, which was once the favorite stock of the rich, has today become a victim of government regulations. This company is none other than Delta Corp. The GST notice hit the shares of this company so hard that the company's shares fell by almost 50 percent in 100 days. This means that if the value of an investor's investment was Rs 1 lakh 100 days ago, then today it would have been reduced to only Rs 50 thousand.

In fact, ever since the government has imposed 28 percent GST on online gaming, casino and horse racing. After that, GST notices have been sent to the companies, since then there is a big decline in the shares of online gaming and casino related companies. Let us also tell you how the investors' investment of Rs 1 lakh reduced to Rs 50 thousand in 100 days.

100 days ago the company's shares were at a high of 52 weeks.

100 days ago i.e. on 28 June 2023, the share of Delta Corp was at Rs 259.95. This was the period when there was a good rise in the shares of online gaming and casino companies. The committee was discussing for a long time the issue of imposing 28 percent GST on the company, but was not able to reach any conclusion. The earnings of these companies were sky high. The effect of which was visible in the stock also. After that, there came a period in the shares of these companies which is not like any nightmare.

Share halved in 100 days

In the month of August, the GST Council announced to impose 28 percent GST on online gaming, casino and horse racing. After which there was a big fall in the shares of these companies in the stock market. After that, the first tax notice was given to these companies in the month of September, when there was a decline in the share prices. Now tax notice has been given again. The effect of which is that the shares of Delta Corp have fallen to a 52-week low of Rs 124.60. This means that out of 100, there has been a decline of 52 percent in the company's shares.

Less than 50 thousand left of one lakh rupees

Investors of Delta Corp have suffered huge losses in these 100 days. If the value of an investor's investment in this share would have been Rs 1 lakh 100 days ago, then during today's trading session it would have reduced to Rs 48 thousand. If experts are to be believed, the company's shares may see further decline in the coming days. The company's shares can reach the level of Rs 100.