Nazara Technologies' shares jumped 3.3% to reach its 52-week high of INR 1,307.55 apiece during intraday trading on the BSE.
The company closed 2.3% higher at INR 1,295.10 per share, with a market capitalisation of INR 11,361.64 Cr ($1.33 Bn).
Nazara has been on an acquisition spree, acquiring Curve Digital Entertainment Ltd and gaining approval for acquiring Smaaash Entertainment.
The company's shares have gained 24.7% year-to-date, with a consolidated net profit decline of 53.5% in Q3 FY24-25 despite a 66.8% surge in operating revenue.