This Rakesh Jhunjhunwala owned stock has tanked 65% from its 52-week high

Shares of ace investor Rakesh Jhunjhunwala-backed Nazara Technologies hit a record low of Rs 1,181.55, down 7 per cent on the BSE in Wednesday’s intra-day trade. The stock was trading lower for the seventh straight day, having slipped 24 per cent during the period.

In the past one month, the market price of Nazara Technologies has tanked 29 per cent, as compared to a 8 per cent decline in the S&P BSE Sensex. It was trading close to its initial public offer (IPO) price of Rs 1,101 per share.

Nazara Technologies had made a stock market debut on