Indian gaming platform Nazara rises on stake buy in gaming community platform

Nazara Technologies

12/09/2024 05:21

** Shares of gaming and sports media platform Nazara
 NAZA.NS  rise 2.8% to over one-month-high of 992.40 rupees
    ** Co buys 15.86% stake in gaming community platform GetStan
Technologies (STAN) for about 184 mln rupees ($2.2 mln)
    ** Stock set for fourth straight session of gains
    ** Trading vol on the day nearly same as 30-day avg 
    ** 9 analysts avg rating is equivalent of "hold"; median PT
is 860 rupees - LSEG data
    ** Stock up ~16% so far this year
 
 ($1 = 83.9670 Indian rupees)

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