India's Nazara Technologies jumps as Plutus Wealth increases stake

Nazara Technologies

27/05/2024 11:13

** Shares of Nazara Technologies  NAZA.NS  end 9.5% higher,
their best day since Sept. 2023
    ** Gaming and sports media platform says investment firm
Plutus Wealth Management bought 4.9 mln shares, worth 6.38%
stake, from Mitter Infotech in a block deal
    ** Plutus Wealth held a 6.63% stake in NAZA as of March-end,
data from stock exchange showed 
    ** Over 3.3 mln shares traded, nearly 13x the 30-days avg
and busiest day in over 4 months
    ** Still, stock is down 21.5% YTD

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))