India, May 15 -- Shares of Nazara Technologies rallied as much as 18% to hit an intraday high of Rs.314 on the BSE today after reports of a large bulk deal surfaced earlier today.

As per a report by CNBC-TV18, nearly 4.9% of the company's equity changed hands via large block deals during the morning session. The report adds that existing investors like Zerodha cofounder Nikhil Kamath and Axana Estates doubled down on the company while the list of sellers featured CEO Nitish Mittersain.

As of 13:17 IST, 1.91 Cr shares of Nazara have been traded on the BSE. No data of bulk or block deals is reflected on the bourses as of now. The story will be updated once clarity on the deals are ascertained.

The stock later saw some profit booking and ...