neutral
Recently
Institutional stake sale sparks sharp rally in Nazara Technologies
Heavy stake selling by SBI Mutual Fund did not dampen sentiment, as Nazara Technologies shares rose sharply, highlighting sustained investor confidence despite large institutional exits.
Market activity around Nazara Technologies drew attention after a significant institutional stake sale triggered strong price action. SBI Mutual Fund divested a 2.43 percent stake in the gaming and e-sports company through open market transactions, raising around Rs 216 crore. The fund sold close to 90 lakh shares on the NSE at an average price of approximately Rs 240 per share, reducing its holding to 3.35 percent.