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The stock quoted a 52-week high price of Rs 690.95 and low of Rs 486.75.

Nazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, particularly for Animal Jam, resulted in revenue growth but compressed margins. The company focuses on acquisitions like Kiddopia to fuel future growth and aims to achieve Rs 300 crore EBITDA by FY27.

As of July 2024, 27 stocks held by over 100 mutual fund schemes rose over 50% in CY24, with 12 gaining 70%-170%.

HAL Q1 Results: Hindustan Aeronautics reported a consolidated net profit of Rs 1,437 crore for Q1 ended June 2024, a 77% increase from Rs 814 crore last year. Revenue rose 11% YoY to Rs 4,347 crore, while EBITDA increased 13% YoY to Rs 994 crore.

Saraswati Saree IPO: The non-institutional investor category saw the highest subscription, at 201 times, followed by retail investors at 41 times and qualified institutional buyers (QIB) at 4.21 times. The IPO comprises a fresh issue of up to 65 lakh shares and an offer for sale (OFS) of up to 35 lakh equity shares by the promoter group.

According to AMFI data, mid-cap funds now surpass large-cap funds by 60 basis points in assets under management, accounting for 12.9% of total equity AUM compared to 12.3% for large-cap funds. This marks a significant shift from 2020, when large-cap funds held a 20% share. Increased inflows and market appreciation contributed to this growth.

The revenue from operations for the said period was reported at Rs 2,357 crore against Rs 2,172.76 crore in the first quarter of the previous financial year.

Dish TV experienced a net loss of Rs 1.6 crore in the June quarter, a significant decline from the Rs 21 crore profit in the same period last year. Operating revenue fell by 9%, mainly due to decreased subscription revenue. The board has approved raising Rs 1,000 crore through various means, including equity shares and debentures.

The Relative Strength Index of the stock stood at 49.27 on Wednesday.

U.S. producer prices increased less than expected in July, data on Tuesday showed, reinforcing market view that cooling inflation will prompt the Federal Reserve to cut interest rates soon.