16+ CR GTD
Header banner - Nostra Poker
Pokersaint - Lead
Share Prices Of Nazara Technologies Shot Up By 84% Poker

Share Prices Of Nazara Technologies Shot Up By 84%

by Manthra Koliyer Posted on 01 Apr, 2021

On 30 March, the share price of Nazara Technologies was up by 84 % intraday on the listing. Though the share price shot up, it also erased around 22 % gains by noon despite the market conditions being optimistic. According to experts, the position that Rakesh Jhunjhunwala backed Nazara Technologies holds in the mobile gaming market justifies the trading premium the brand witnessed. Nazara had a healthy IPO subscription and Jhunjhunwala holds a 10.82 % stake in this brand.

The experts advise holding the stock if a person is looking at a long-term perspective and they can book profits as the Nazara stock was off to a solid start. The cost of one lot was an investment of INR 14,313 but the value shot-up to INR 26,349 which translated into a profit of INR 12, 036.7. Even during the day’s low of INR 1,590, the profit comes to INR 6,357 per lot.

ALSO READ: Watch Out For These Technologies In Mobile Gaming

The share of Nazara Technologies was trading at INR 1,611.35 at 1218 hours, up by 46.35 % after hitting the day’s high of INR 2,026.90 and a low of INR 1,590 on the BSE. It opened at INR 1,971 state news reports. Jyoti Roy, Equity Strategist at Angel Broking reportedly said, “There is a possibility of the company surprisingly growing forward concerning revenue as online gaming has taken off in the country. We will remain positive about the growth prospects of the company and the investors who have been allotted shares can hold on to their investments from a long-term perspective.”

Nazara Technologies is considered to be one of the fast-growing brands in the Indian gaming sector. Nazara owns other gaming properties like World Cricket Championship and CarromClash in mobile games, Nodwin and Sportskeeda in eSports, Kiddopia in early learning, Halaplay and Qunami in skill-based, fantasy, and trivia games. 

For more such articles, keep reading GutshotMagazine.com and follow us on Facebook, Telegram, and Instagram for regular updates.

PokerSaint’s ‘The Vulture Hunt’ Assures INR 1.5 Crore In Prize Pool



Tagged : 

More News

Nazara Technologies IPO Second Most Subscribed Issue In 2021: Report
Business
20 Mar,2021 

Nazara Technologies IPO Second Most Subscribed ...

Nazara Technologies IPO Subscribed 30.88 Times On Final Day
Gaming
19 Mar,2021 

Nazara Technologies IPO Subscribed 30.88 Times ...

Celebrate 10 Years Of Gutshot And More With Our March 2021 E-magazine Edition
Poker
18 Mar,2021 

Celebrate 10 Years Of Gutshot And More With Our...


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Natural8
    Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $1,000 or $100 in instant rewards Register

  • 9stacks
    9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT" Register

  • PokerSaint
    PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • Nostra Pro
    Nostra Pro

    Use Code "KING500"
    Offer: 100% Instant Poker Cash Back Register

  • BLITZPOKER
    BLITZPOKER

    Sign-up with "GSBLZ"
    Offer: Make your 1st Deposit of INR 200 & GET 1000 in return! Register

  • Poker Tempo
    Poker Tempo

    Rs. 50 Instant Bonus, Rs. 50 Locked Bonus, No code required!
    Offer: 1 Ticket to 5000 GTD FREEROLL every Monday @ 7PM Register

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • PokerStellar
    PokerStellar

    INR 500 Free (225 Instant + 275 Ticket) on KYC Verification
    Offer: 150% Upto 5,000 + 20% Instant Bonus Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Natural8 GGSF LiveX Flipout Banner

Natural8 GGSF LiveX Flipout Banner