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Articles for Nazara Tech

Nazara Tech Q3 Results: Net profit slumps 53% to ₹14 crore, revenue up 67% YoY; Highest-ever EBITDA recorded
1 month, 2 weeks ago

Nazara Tech Q3 Results: Net profit slumps 53% to ₹14 crore, revenue up 67% YoY; Highest-ever EBITDA recorded

Live Mint  

Nazara Tech Q3 Results: Nazara Technologies announced its October-December quarter results for fiscal 2024-25 on Thursday, February 13, reporting a steep decline of 53.6 per cent in its consolidated net profit to ₹13.7 crore, compared to ₹29.5 crore in the corresponding period last year. The late Rakesh Jhunjhunwala-backed gaming and e-sports platform's revenue from operations in the third quarter of …

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Nazara Tech stock jumps 4% after subsidiary partners with Banijay Rights to launch Bigg Boss interactive game
2 months, 1 week ago

Nazara Tech stock jumps 4% after subsidiary partners with Banijay Rights to launch Bigg Boss interactive game

Live Mint  

Shares of Nazara Technologies, a leading diversified gaming and sports media company, climbed 4% in intraday trade on Wednesday, January 15 to ₹938. Notably, the stock recovered 6% from the day’s low after the company announced that its subsidiary, Fusebox Games, partnered with Banijay Rights to bring Bigg Boss to the world of interactive gaming. The company informed investors through …

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Stocks To Watch: NTPC, IREDA, SpiceJet, Nazara Tech, ICICI Securities, BHEL, And Others
6 months, 1 week ago

Stocks To Watch: NTPC, IREDA, SpiceJet, Nazara Tech, ICICI Securities, BHEL, And Others

News 18  

Stocks To Watch On September 19: Domestic markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting. Nazara Technologies: The company has approved a preferential equity issue to raise Rs 900 crore and increased its stake in Absolute Sports, which operates Sportskeeda, to 91 per cent. Aurobindo Pharma: The pharma company …

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Stocks to Watch: RIL, ONGC, Gail India, ICICI Sec, LIC, Nazara Tech
1 year, 6 months ago

Stocks to Watch: RIL, ONGC, Gail India, ICICI Sec, LIC, Nazara Tech

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Reliance Industries: Viacom18, controlled by Reliance Industries Ltd, has picked up exclusive media rights for televising and live-streaming Indian Super League football matches for the next two seasons. Nazara Technologies: The country’s largest asset management company SBI Funds Management Ltd, on Thursday, acquired around 8% stake …

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SBI MF buys 8% in Nazara for ₹410 crore
1 year, 6 months ago

SBI MF buys 8% in Nazara for ₹410 crore

Live Mint  

MUMBAI: The country’s largest asset management company SBI Funds Management Ltd, on Thursday, acquired around 8% stake in online gaming firm Nazara Technologies Ltd, for ₹410 crore, which follows the 4 September ₹100 crore surprise investment by Nikhil and Nithin Kamath, the founders of India’s largest brokerage Zerodha Broking Ltd. Nazara Tech, which has staged a stellar rally this year …

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Why Nazara Tech shares fall is limited while Delta Corp stock sheds nearly 30%?
1 year, 8 months ago

Why Nazara Tech shares fall is limited while Delta Corp stock sheds nearly 30%?

Live Mint  

The 28% GST rate imposed on the full value of online gaming stole the limelight after the 50th GST Council meeting. But the reason why the decline in Nazara Tech shares is limited is because the company does not major impact on this GST tax rate, unlike Delta Corp whose business heavily surrounds gaming and casinos. Nazara expects the 28% …

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Delta Corp, Nazara Tech shares crack up to 14% on GST shock
1 year, 8 months ago

Delta Corp, Nazara Tech shares crack up to 14% on GST shock

Live Mint  

28% GST on online gaming, casinos: Shares of online gaming stocks such as Nazara Technologies and Delta Corp suffered massive losses in early trade on Wednesday after the GST Council shocked the industry by levying a 28 per cent uniform GST on online gaming, casinos and horse racing. Shares of Delta Corp opened at their 10 per cent lower circuit …

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IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed
1 year, 8 months ago

IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed

Live Mint  

Share Market Today: Sensex and the Nifty ended in the red after a sharp fall towards the end with IT stocks dragging the market, while PSU Bank sector remained steady. Share Market Noon Update: Sensex and Nifty shed marginally after remaining in green most of the session; IT sector drags with gaming cos feeling the heat of GST decision View …

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Bulk deals on May 12: Nazara Tech, others exchange hands; Check buyers, sellers
1 year, 10 months ago

Bulk deals on May 12: Nazara Tech, others exchange hands; Check buyers, sellers

Live Mint  

Zee Entertainment Enterprises, Nazara Technologies, and Kshitij Polyline Ltd saw heavy buying and selling on May 12. According to NSE data, Plutus Wealth Management LLP bought 65,00,000 shares of Zee Entertainment Enterprises at an average price of ₹184.63. While Nazara Technologies saw heavy buying from Societie Generale which bought 5,93,624 shares at an average price of ₹570. Colourshine Hosiery Private …

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Nazara Tech down 70% from all-time high. Is now a good time to invest? Here’s what ICICI Securities says
2 years ago

Nazara Tech down 70% from all-time high. Is now a good time to invest? Here’s what ICICI Securities says

Live Mint  

After a sharp correction in the stock, domestic brokerage firm ICICI Securities has recently initiated coverage on Nazara Technologies with a "buy" rating, citing the company's strong growth opportunities. Nazara Technologies boosts its eSports market share through strategic acquisition According to ICICI Securities, Nazara Technologies capitalised on its acquisition of NODWIN Gaming and is currently dominating the Indian eSports market …

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Rakesh Jhunjhunwala-backed Nazara Tech Now A Leading Gaming Company
2 years, 7 months ago

Rakesh Jhunjhunwala-backed Nazara Tech Now A Leading Gaming Company

News 18  

As the Indian game developers begin to expand their global footprint, shares of ace investor Rakesh Jhunjhunwala-backed online gaming company Nazara Technologies surged 20 per cent after the firm reported a 22 per cent rise in net profit for June quarter this year. WATCH VIDEO: Marvel’s Spider-Man Remastered Launched on PC Jhunjhunwala, who understood the future of online gaming in …

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Nazara Tech shares rally 40% in 5 days. Jefferies upgrades stock’s rating to Buy
2 years, 7 months ago

Nazara Tech shares rally 40% in 5 days. Jefferies upgrades stock’s rating to Buy

Live Mint  

Shares of Nazara Technologies surged over 13% on the BSE to ₹720 apiece in Tuesday's early deals. As per the recent shareholding pattern on the BSE, Indian ace investor and stock market trader Rakesh Jhunjhunwala holds 10.03% stake in Nazara Tech as of June 2022. The brokerage has upgraded Nazara Tech shares' rating to Buy with target price of ₹780 …

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Rakesh Jhunjhunwala-backed Nazara Tech IPO: Opens Today; Things You Need To Know
4 years ago

Rakesh Jhunjhunwala-backed Nazara Tech IPO: Opens Today; Things You Need To Know

News 18  

Among half-a-dozen primary market offerings to hit the market this week – the Rakesh Jhunjhunwala backed Nazara Technologies Limited fixed a price band of Rs 1,000-1,010 per share for its Rs 582- Rs 583 crore initial public offer that will open for subscription on Wednesday, March 17. Nazara Technologies is a leading India-based diversified gaming and sports media platform with …

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