These Shares Rose 16 Percent In 24 Hours, Became Investors Rich, And May Continue on Monday
Mumbai : The share of gaming and sports media platform Nazara Technology in the country rose 16 percent intraday on Friday. This small-cap stock made huge profits for many investors within 1 day. Late Rakesh Jhunjhunwala also played a big responsibility in Nazara Technologies. The target of this company is to move further in its field. Along with this, there are plans to expand your business around the world.
up 16 percent
On Friday, the last day of the trading week, the stock of Nazara Technology closed at Rs 736, up 73.95 points with a gain of 11.17 percent on the BSE. At the same time, this stock has set an intraday high of Rs 767.05. climbed up to about 15.86 percent. With this, the company’s market cap has gone up to Rs 4839.54 crore.
10 percent stake
The stock of Nazara Technologies was listed on the stock market in March last year. In the current financial year, the stock is trading below its IPO price band of Rs 1101. Since August this year, Nazara’s shares have seen a lot of rallies and are on the path to recovery. Within 1 month, this stock has gained about 13 percent. Noted investor late Rakesh Jhunjhunwala held around a 10 percent stake in Nazara Technology as of June 30, 2022, and held 65,88,620 shares of the company.
Vikas Mitrasen, Chairman and MD of Nazara Technology, said in a recent company meeting that we are at the forefront of this field and are confident of our better performance going forward. Let us tell you that in the last week of August, the company acquired America’s Wildworks Company for $ 14 million i.e. about Rs 82 crore.
(This story has not been edited by localpostit.com and is auto generated from a syndicated feed we subscribe to)