India's Nazara Technologies falls after Societe Generale sells stock

Nazara Technologies

14/06/2023 08:25

** Shares of Nazara Technologies  NAZA.NS  fall as much as
2.45% to 680.15 rupees 
    ** Stock drops after Europe-based financial services group
Societe Generale offloaded 400,000 shares of the diversified
gaming and sports media platform at 681.74 rupees apiece on
Tuesday
    ** Despite the fall, NAZA's relative strength index stayed
above 70 for the third session in a row, suggesting the stock is
in overbought zone
    ** The moving average convergence divergence (MACD) line has
been above the signal line for second session in a row,
suggesting bullish bias
    ** Trading volume is 503,111 shares, 0.7x the 30-day avg -
Refinitiv data
    ** Of the nine analysts tracking NAZA, five maintain "strong
buy", two recommend "buy", one suggests "hold" and one retains
"strong sell"; median TP is 740 rupees
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))