Stock Market / After making a millionaire, now this share is doing 'pauper'; Bigbull has also placed bets

Understanding the stock market is a bit difficult. But whoever understood this, it is also certain to be different in a few days. When which stock will fill your treasury, it is difficult to say. In 2021, many stocks and penny stocks took investors off the floor. But there are some stocks which could not sustain the momentum and now the pockets of the investors are getting empty.

High of Rs 3,356

Today we are talking about the share of Nazara Technologies included in the portfolio of Rakesh Jhunjhunwala. The stock, which opened at Rs 1730 during the trading session on Friday, has remained bullish today. This stock, which once reached a high of Rs 3,356.00, has seen a big decline in a short time.

One lakh has become 52 thousand

From its high level, this stock is trading with a decline of about 48 percent. If an investor has bought this stock at the top of 52 weeks, then today his money is almost half. You can also understand this in this way, the 52 week high of Nazara Technologies is Rs 3,356. At that time if someone would have invested one lakh rupees in it, then this amount has now come down to 52 thousand.

35 percent fell in one and a half months

Since January 21, in about one and a half months, this stock has fallen by 35 percent. Bigbull Rakesh Jhunjhunwala has also invested in the company's stock. Many investors are worried whether this bigbull holding stock should be thrown out or wait for now. Market experts are of the opinion that it would be best to buy this stock in the range of Rs 1500 to 1600.

Travel from Rs 1,990 to Rs 3,356

On 30 March 2021, the issue of Nazara Technologies was listed on NSE at Rs 1,990. The stock fell to Rs 1,552 on the day it was listed. After that, by 15 September 2021, the stock fell from Rs 1,980 to Rs 1450. Later the stock came out of its issue price and made a high of Rs 3,356. Now again this stock is falling and trading between Rs 1700 to 1800.

According to the data for the quarter ended December 31, 2021, veteran investor Rakesh Jhunjhunwala holds 10.10 percent shares in this company.