Eros entertainment: I was into this stock with similar ideas as you have. I got out when it rallied last time to around 180. I think it is a good company and they have a reasonable pipeline of movies all the time. The most important reason I got out of this stock was the uncertainty around each movie release and the presence of better and more compounding businesses available (look at valuepickr’s scorecard). It is not a bad investment per se but I found it risky.Other things which looked negative were
a) From a business perspective I did not understand totally the difference in business of the parent company and this company.
b) Company is majorly into two sectors, film financing and film distribution. I would be interested in knowing the margins of each. For example there was no way for me to find out the margins company made in Grand Masti.
c)The state of Indian film industry and the way it is controlled by actors/directors who end up producing and/or distributing most of their own films (Shahrukh, Saif etc.)
d) Saw the trailer of Kochadiyan (Rajnikanth starrer) and found the animation below par. This is a big budget film and the company seemed to be betting huge on this. This was just a subjective decision.
e) Last year growth numbers were low and this year too I do not see them improving.
One great positive which I thought and looked for more information (but did not get any) is how much did the company make from youtube advertising. This is currently ignored in balance sheet but is a cash cow still not accounted for.
Delta Corp: I was tracking this company 2 years back and also made investments and came out of it. Not to say anything about the promoters (I do not know anything about them) but it was one of the highest manipulated stocks around two years back. Some of the stock brokers who I knew personally would keep manipulating by circular trading. I would advice you to take due caution here.