Nazara Technologies advances 19% after falling 29% in two days

Shares of the recently listed and ace investor Rakesh Jhunjhunwala-backed Nazara Technologies rallied 19 per cent to Rs 1,738 on the National Stock Exchange (NSE) in intra-day trade on Thursday, after falling 29 per cent in the past two days.

The company had made a stellar debut on the bourses on Tuesday as the shares listed at Rs 1,990, an 81 per cent premium over its issue price of Rs 1,101, on the National Stock Exchange (NSE). However, at the end of the session, the stock was locked in lower circuit of 20 per cent at Rs 1,592, after