Stock Surge: Nazara, Sheela Foam, Pricol, and Saregama See Up to 20% Gains
Volume buzzers: Nazara, Sheela Foam, Pricol, Saregama zoom up to 20%
Business Standard
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Shares of Nazara Technologies, Sheela Foam, Pricol, and Saregama India surged up to 20% on the Bombay Stock Exchange amid heavy trading volumes. Sheela Foam reported a seven-fold increase in profits for Q4FY26, while Nazara Technologies saw significant trading activity, indicating strong investor interest in these companies.
- 01Sheela Foam's stock price increased by 20% to ₹652.50 after reporting a consolidated profit of ₹92 crore for Q4FY26, up from ₹13 crore in the previous year.
- 02Nazara Technologies' shares rose 18% to ₹314.05, with 60.9 million shares traded, representing 16.43% of its total equity.
- 03Saregama India's stock jumped 13% to ₹436.80, bouncing back from a low of ₹328.30 earlier in the week, with a revenue growth of 19% year-on-year.
- 04Pricol's share price surged 13% to ₹644.55, supported by a 25-fold increase in trading volumes and a 109% year-on-year increase in profit.
- 05The overall market saw the BSE Sensex rise by 0.57% to 75,829 during the same trading session.
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On Friday, shares of Nazara Technologies, Sheela Foam, Pricol, and Saregama India experienced significant gains, with increases of up to 20% on the Bombay Stock Exchange (BSE). Sheela Foam's stock soared 20% to ₹652.50 after the company reported a remarkable seven-fold increase in consolidated profit to ₹92 crore for the quarter ending March 2026 (Q4FY26), compared to ₹13 crore in the same quarter the previous year. The company also reported a 24% year-on-year growth in revenues, reaching ₹1,050 crore.
Nazara Technologies saw its shares rise 18% to ₹314.05, with trading volumes reflecting strong investor interest as 60.9 million shares changed hands, representing 16.43% of its total equity. Meanwhile, Saregama India's stock price increased 13% to ₹436.80, recovering from a low of ₹328.30 earlier in the week, with a 19% year-on-year growth in revenue to ₹287 crore. Pricol also reported a 13% increase in share price to ₹644.55, supported by a 109% year-on-year profit increase, attributed to its recent acquisition activities. The BSE Sensex rose 0.57% to 75,829 during this trading session.
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The surge in stock prices indicates strong investor confidence in these companies, which could lead to increased market activity and potential investment opportunities for shareholders.
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