This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%

However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex.

Shares of Nazara Technologies surged 19 per cent to Rs 623.95 on the BSE on Friday on the back of heavy volumes after the stock turned ex-date for a 1:1 bonus share issue.

The stock recovered 29 per cent from its record low level of Rs 484  touched on Wednesday, June 22. It had hit an all-time high of Rs 1,677 on October 11, 2021. Nazara had made a stock market debut on March 30, 2021. The company issued shares at price of Rs 550.50 per share (adjusted to bonus shares).

Despite recovering from its 52-week low level,