Nazara Tech‘s share price surged up close to 10% to hit an intraday high of ₹584.80. As per the latest shareholding data, Rekha Rakesh Jhunjhunwala holds a 9.96% stake in the company.
What Happened: Nazara Tech’s share price continued to gain for the second straight session. The surge today comes as shareholding data revealed that ICICI Prudential Flexi Cap MF increased its stake in the company from 4.91% to 5.11% in March. The mutual fund has assets under management worth around ₹10,790 crore.
The stock received a boost as domestic brokerage firm Prabhusdas Liladhar saw the company’s revenue going up 72% year-over-year and profits growing at 347% YoY in Q4. The firm has a ‘buy’ rating on the stock with a price target of ₹872.
Now with the surge today, here’s how much the gaming stock added to Rekha Jhunjhunwala’s net worth this morning. She owns around 65.88 lakh shares of the company. Now with the stock closing at ₹531.80 on Thursday, her shares were worth around ₹350.3 crore. Today, with the 10% surge, the worth of her holding went up to ₹385.3 crore. An increase of around ₹35 crore.
Price Action: Nazara Tech share price was up 8.86% to trade at ₹578.90 on Friday afternoon.
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