India's Nazara Technologies rises on buying a gaming firm

Nazara Technologies

28/06/2024 07:52

** Shares of Nazara Technologies  NAZA.NS  rise 4% to 846.5
rupees, set for best day in over two weeks
    ** Nazara's gaming unit to buy 100% of Berlin-based Freaks
4U Gaming (had 13.5% stake) in 2.71 bln rupees ($32.5 mln) share
swap deal
    ** NAZA has jumped ~20% so far in June, set for best month
since Aug. 2022
    ** Stock trims YTD losses to ~1%; had gained 47.5% in 2023
for best year since listing in 2021
    ** Avg rating of nine analysts covering NAZA is "buy" and
median PT is 766 rupees -LSEG data
 
 ($1 = 83.4400 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))