India's Nazara Technologies up on unit's plan to invest in Israeli gaming co

Nazara Technologies

16/08/2023 09:59

** Shares of diversified gaming and sports media platform
Nazara Technologies  NAZA.NS  rise as much as 5.2% to 696.65
rupees, their largest intraday pct climb since July 31
    ** Co said its Singapore unit entered agreement with Israeli
mobile gaming co Snax Games for investment up to $500,000 
    ** NAZA's unit will have the right to acquire equity
shares in Snax Games at a future date as a result of the
agreement
    ** Over 251,000 shares change hands as of 2:23 p.m. IST,
0.5X the 30-day moving average
    ** Mean rating of 10 analysts is "buy"; median PT is 822
rupees - Refinitiv data
    ** Stock up 16.1% YTD including day's move

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))