Stock Hits 52-Week High As Rekha Jhunjhunwala Exits With 5.07% Stake Sale

Unknown Apr 02, 2026 450 Views

In a significant portfolio reshuffle, ace investor Rekha Jhunjhunwala has exited her entire 5.07% stake in Nazara Technologies Ltd, a prominent gaming and esports company. The move comes amid a sharp rally in the stock, which surged to a 52-week high despite broader market volatility. ...

Key Highlights Of The Stake Sale

- Rekha Jhunjhunwala sold 44,45,120 shares, representing a 5.0734% stake in Nazara Technologies, between June 9 and June 13, 2025.

- The shares were sold in multiple tranches, including 17,21,500 shares between June 9–12 and 27,23,620 shares on June 13.

- The total transaction is estimated to have fetched approximately Rs 770 crore, delivering nearly 4x returns on her original investment.

Stock Performance And Market Reaction

- Nazara Technologies shares jumped 6.49% on June 13 to close at Rs 1,327.85 on the BSE, after touching a 52-week high of Rs 1,340.

- The stock has delivered a 56% return over the past year and gained 10% in the last month alone.

- Despite the exit, investor sentiment remains strong, with mutual funds holding a 9.59% stake and SBI Mutual Fund owning 8.37% of that.

Background And Investment Legacy

- Rekha Jhunjhunwala inherited the stake from the estate of late Rakesh Jhunjhunwala, who had invested Rs 180 crore in Nazara Technologies in 2017–18.

- The exit marks the end of the Jhunjhunwala family’s association with Nazara, which had once been a flagship investment in the gaming sector.

- Other prominent investors, including Madhusudan Kela’s Cohesion Mk Best Ideas sub-trust, continue to hold positions in the company.

Strategic Implications And Outlook

- The stake sale is seen as a strategic portfolio realignment, possibly to reallocate capital to other high-growth sectors.

- Analysts believe the stock’s strong fundamentals and growth prospects in gaming and esports continue to attract institutional interest.

- The development underscores the influence of marquee investors on market dynamics and investor perception.

Sources: News18, Rediff Money, Business Today, CNBC-TV18, MSN News.

Stay Ahead – Explore Now! Jharkhand Secures GI Tags for Bhagaiya Silk and Traditional Crafts

Stock Hits 52-Week High As Rekha Jhunjhunwala Exits With 5.07% Stake Sale

Latest Updates

AI Over the Hill: Gemini Picks Winner in Summer Tr...

Track to Uttarakhand: Namo Bharat Expansion Nears...

From Silt to Sustainability: BMC Starts Rejuvenati...

Jharkhand Secures GI Tags for Bhagaiya Silk and Tr...

Reel Deal: Mumbai International Film Festival 2026...

Top Stories

Upgrad: Academic Counselor roles for women fresher...

Life Insurance Corporation (LIC): Apprentice Devel...

Bank of Baroda: Wealth Manager Specialist Officer...

Punjab National Bank (PNB): Local Bank Officer rol...

Stock Hits 52-Week High As Rekha Jhunjhunwala Exits With 5.07% Stake Sale

Latest Updates

Top Stories

Subscribe to our Newsletter