Nazara Tech soars over 4% after firm inks deal with 4 Indian gaming studios

Nazara Tech Share Price: Nazara Technologies shares were trading in positive territory on BSE on Wednesday (December 20, 2023) after the mid-cap gaming company unveiled its partnerships with four Indian game studios. 

Nazara Technologies was trading up by 4.55 per cent, or Rs 39.80, at Rs 914.70 at 12:47 pm.

The stock that closed at Rs 874.90 on Tuesday started its session on Wednesday at Rs 878.85 before rising to the day's high of Rs 901.95. 

Informing about the deal, Nazara Tech said in a BSE filing on Wednesday. "The eclectic mix of games selected for publication includes 'Gravity Shooter' by Smash Head Studios, a thrilling 2D action game; 'World Cricket League' from Wandermind Labs, offering a 3D multiplayer cricket experience; 'Hacked: Password Puzzle' by Pixcell Play, a challenging puzzle game; and ATG Studios' 'Laser Tanks' and 'Paperly', both promising unique gaming experiences across varied genres."

This initiative is part of Nazara's new publishing division, focusing on promoting the "Make in India" vision in the gaming sector, says Nazara Tech.