Business
Shares of Indian mobile gaming platform Nazara Technologies Ltd surged more than 80per cent in their market debut on Tuesday, reflecting investor enthusiasm for technology firms in a frenzied period for public listings.
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 Ltd surged more than 80per cent in their market debut on Tuesday, 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 83.91per cent to hit a high of 2,024.90 by 0444 GMT.
Nazara organizes 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.
(Reporting by Sachin Ravikumar and Chandini Monnappa in Bengaluru; Editing by Amy Caren Daniel)
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