Nazara Technologies lists at 81% premium; analysts advise booking profit

Analysts believe that given Nazara Technologies' stock has surged nearly 100 per cent over the issue price, investors can partially book profit and can add more at a later stage once it corrects

Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies made a stellar debut on the bourses on Tuesday as the shares of the firm listed at Rs 1,990, an 81 per cent over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 per cent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 per cent.

At 10:02 am, Nazara Technologies was trading 74 per cent higher against its issue price at Rs 1,917.75, after hitting a low of Rs 1,869.05 on the BSE. A combined around