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Indian gaming firm Nazara's shares jump more than 80% in market debut

Indian gaming firm Nazara's shares jump more than 80% in market debut

A broker trades on his computer terminal at a stock brokerage firm in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade/Files

BENGALURU: Shares of Indian mobile gaming platform Nazara Technologies surged more than 80 per cent in their market debut on Tuesday (Mar 30), reflecting investor enthusiasm for technology firms in a frenzied period for public listings.

Shares opened at 1,990 rupees (US$27.34) and rose as much 83.91 per cent to hit a high of 2,024.90 by 0444 GMT.

Nazara organises e-sports events including videogame tournaments, which draw thousands of millennial fans. The company also offers a variety of free and paid mobile gaming apps for kids and adults.


Source: Reuters

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