Nazara Technologies share price listed at Rs 1,971, a 79 per cent premium over its issue price of Rs 1,101 per share on the BSE.
Shares of Rakesh Jhunjhunwala-backed Nazara Technologies made a robust opening on stock exchanges on Tuesday, listing at Rs 1,971, a 79 per cent premium over its issue price of Rs 1,101 per share on the BSE. In a similar trend, the stock opened 80.74 per cent higher at Rs 1,990 on the National Stock Exchange (NSE). With this, India-based sports media platform became the first gaming company to be listed on the stock exchanges.
Post listing, Nazara Tech shares were trading 67 per cent higher against issue price at Rs 1,819.95 on the BSE. The shares hit high and low of Rs 2,026.90 and Rs 1,815.05 in trade so far. On the volume front, 2.03 lakh shares have changed hands over the counter on BSE in opening deals, while market cap stood at Rs 5,499.93 crore.
“The equity shares of Nazara Technologies Ltd (Scrip Code: 543280) are listed and admitted to dealings on the Exchange in the list of ‘B’ Group Securities,” the company said in a regulatory filing.
News Source:- Business today