India's Nazara Technologies rises on Q1 profit jump

Nazara Technologies

31/07/2023 06:18

** Shares of diversified gaming and sports media platform
Nazara Technologies  NAZA.NS  up as much as 5.1% at 698.5
rupees, their biggest intraday pct gain since June 21
    ** Stock touches highest level since July 13, on track for a
second consecutive session of gains if trend holds 
    ** Co on Friday said its consolidated net profit for June
qtr rose 72.7% YoY to 195 mln rupees ($2.37 million)
    ** Revenue from operations for the qtr rose 14% YoY to 2.54
bln rupees
    ** Over 565,000 shares change hands by 10:44 a.m. IST, 1.0x
the 30-day moving avg
    ** Seven out of eight analysts covering the stock rate it
"buy" or higher and one suggests "hold"; median PT is 792 rupees
- Refinitiv data
    ** As of last close, stock up 14.5% YTD 



($1 = 82.2825 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))