Up 78% in a month! Jhunjhunwala’s holding in this firm crosses Rs 1,000 cr

Ace investor Rakesh Radheshyam Jhunjhunwala held 10.82 per cent stake in Nazara Technologies as on June 30, 2021

Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala

Rakesh Jhunjhunwala’s holding value in Nazara Technologies crossed Rs 1,000 crore mark as the stock rallied 19 per cent on the BSE in Friday’s intra-day trade. In the past one month, the market price of Nazara Technologies, diversified gaming and sports media platform, has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 3 per cent during the same period.

Ace investor Rakesh Radheshyam Jhunjhunwala held a 10.82 per cent stake in Nazara Technologies as of June 30, 2021. Based on intra-day high, the company’s market capitalisation stood at Rs 9,800 crore while Rakesh Jhunjhunwala’s net worth in the company came in at Rs 1,060 crore.

Shares of Nazara Technologies hit a new high of Rs 3,223.80 in intra-day trade today, surging 39 per cent in the past one week. The stock was quoting higher for the seventh straight trading day. On Wednesday, October 6, 2021, Nazara Technologies announced that its board has approved preferential allotment of fresh equity to raise Rs 315.30 crore from marquee institutional investors subject to the approval of the shareholders of the company and regulatory approvals….Read More

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