India's Nazara Technologies up as funds of ICICI Prudential MF raise stake

Nazara Technologies

21/04/2023 09:34

** Shares of gaming and sports media platform Nazara
Technologies Ltd  NAZA.NS  rise as much as 10.5% to 587.50
rupees, their biggest intraday pct jump since Sept. 9
    ** Schemes of ICICI Prudential Mutual Fund buy 0.2% stake in
co, driving its total holding up to 5.11%, per an exchange
disclosure filed after market close on Thursday
    ** Stock currently trading above 50- and 100-day simple
moving average price of 528.88 rupees and 559.57 rupees,
respectively
    ** With over 5 mln shares changing hands by 2:01 p.m. IST,
stock most traded since Sept. 12 
    ** Eight of 10 analysts covering stock have a "buy" or
"strong buy" rating, one has "hold" while one rates it "strong
sell;" median PT is 825 rupees - Refinitiv data
    ** Stock currently up 9.6%, erasing YTD losses 


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))