India's Nazara Technologies rises after $5 mln investment in unit

Nazara Technologies

29/12/2023 07:46

** Shares of gaming and sports media platform Nazara
Technologies  NAZA.NS  rise as much as 3% to 880 rupees before
paring gains
    ** NAZA's unit Nodwin Gaming has further invested $5 mln in
its subsidiary Nodwin Gaming International
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since Dec. 13
    ** Trading vol 0.5x the 30-day daily avg
    ** Avg rating of 8 analysts close to equivalent of "hold",
median PT is 845 rupees - LSEG data
    ** Stock up 8.4% this month, on track for best month since
Aug.
    ** Stock last up 1.4%, bumping YTD gains to ~49%



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))