Nazara Technologies Share Price Hits Another 52-week High
Nazara Technologies share price touched another 52-week high in today’s trading session. The stock has gained massively in the last three trading sessions. Nazara Technologies was trading Rs 757 on September 1 and in today’s session, the stock touched intraday high of Rs 929 (at the time of writing of this report).
After Zerodha founder Nikhil Kamath was issued fresh shares in the company worth Rs 100 crore, the stock has been trading firm. Kamath currently owns 3.5 percent stake in the company and he plans to buy additional stake in the company. Kamath said that he has long term positive view for Nazara Technologies and Indian gaming sector.
Kamath’s investment in Nazara Technologies has jumped after his latest investment and retail investors are also happy about quick returns on this counter. The stock could see further strength in the coming sessions, especially if another HNI invests in the company. Nazara Technologies was among favorite stocks of ace investor Rakesh Jhunjhunwala.
Nazara Technologies has witnessed a strong rally from 52-week low of Rs 480, nearly doubling the valuation of the company.