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Rakesh Jhunjhunwala-Backed Nazara Technologies Gains Over 40% In Four Sessions


Shares of Nazara Technologies Ltd. rose nearly 15%, extending the gains posted after the Rakesh Jhunjhunwala-backed gaming platform reported a threefold jump in net profit in the first quarter of this fiscal.The company, on Friday, had reported net profit worth Rs 16.5 crore in the quarter ended June, up 237% sequentially. Its revenue also increased 27% to Rs 223.1 crore, while Ebitda doubled to Rs 30.1 crore.That triggered a rally i…





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