BOOM IN GAMING STOCK : INVESTOR SCRUTINIZE DELTACORP & NAZARA

BUY DELTA CORP FUT 2 LOTS ABOVE 292 TARGET 296/298 SL 286.50
SELL DELTA CORP FUT 2 LOTS BELOW 290 TARGET 286/283 SL 295.50

Microsoft is buying gaming company and Call of duty maker activision blizzard in a $68.7 billion all-cash acquisition, sparking a buzz in the gaming industry across the globe.In India, too, players in the gaming sector are wondering what impact this deal could have on the overall market.

Nazara Technologies, which is likely to benefit the most from microsoft-activision blizzard deal. Nazara Technologies 41% income comes from its US market operations. Holds over 10% stake in this gaming company, shareholding patterns of the company for the quarter ended September 30, 2022. December shareholding patterns of the company were yet to be out. Meanwhile, shares of Nazara Technologies hit a 5 % upper circuit to Rs 2494.90 per share in the early trade.
This can also help Delta Corp, another gaming and casino. It can also act as catalyst for Delta Corp's IPO. Delta Corp shares surged over 2 per cent to day's high of Rs 294.45 per share on the BSE after the development. As per December shareholding pattern of Delta Corp, position unchanged at 7.49% in the quarter ended December 2021.
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