Tag: nazara

Indian benchmark indices mirrored trends in Asian markets and posted solid gains today. The frontline S&P BSE Sensex soared 576 points, or 0.97 percent, at 59,766 levels in early deals today led by Titan Company (up 9 percent), IndusInd Bank, Asian Paints, M&M, SBI, Reliance Industries, and ICICI Bank.Nifty50, meanwhile, advanced 168 points to quote at 17,814. In the broader markets, the BSE MidCap and SmallCap indices rallied 1 percent and 1.3 percent, respectively. The broader markets have also started the day on a firm note, with the BSE Midcap and Smallcap indices up over a percent each. Here's a detailed view of the broader indices on the BSE. Read more

Shares of Nazara Technologies tanked 12 percent to Rs 1,463.75 on the BSE in intra-day trade today(18th June 2021), amid heavy volumes, after the foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. It had hit a high of Rs 2,026.90 on its stock market debut day, March 30, 2021. Nazara Technologies is an Indian gaming and sports media platform with a presence in India, North America, Africa, and the Middle East. Its product portfolio includes offerings across interactive gaming, eSports, and gamified early learning ecosystems like World Cricket Championship & Carrom Clash in mobile games, Kiddopia in gamified early learning, Nodwin & Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy, and trivia games. Read more

The gaming company Nazara Technologies shares gained 9% after the company said that its consolidated revenue in the fiscal year 2021 rose sharply by 84 percent to Rs 454.2 crore led by gamified learning and eSports segments. The company had reported a revenue of Rs 247.5 crore in FY20. The company expressed confidence that it will continue to drive profitable growth. Gamified learning and e-sports segments have not only demonstrated strong growth momentum in FY21 but have also laid the foundation for predictable growth on account of proven user engagement and retention KPIs in gamified learning and multi-year media licensing and game publisher agreements in case of e-sports," it added. The gamified learning segment registered 820 percent growth in revenue, growing from Rs 19.1 crore in FY20 to Rs 175.8 crore in FY21. Similarly, e-sports segment revenue more than doubled to Rs 170.1 crore in FY21, from Rs 84.2 crore in the previous fiscal. Read more

Nazara Technologies made a stellar debut on the bourses today(30th March 2021) as the shares of the firms listed at Rs 1,990, an 81 percent over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 percent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 percent. At 10:02 am, Nazara Technologies was trading 74 percent higher against its issue price at Rs 1,917.75, after hitting a low of Rs 1,869.05 on the BSE. A combined around 1.4 million equity shares changed hands on the counter on the NSE and BSE so far. Nazara Technologies is an Indian gaming and sports media platform with a presence in India, North America, Africa, and the Middle East. The company derives revenues mainly from subscription fees paid by users for accessing gamified early learning content, as well as, from the eSports business. Read more

Shares of Nazara Technologies backed by Rakesh Jhunjhunwala made a robust opening on stock exchanges on Tuesday, listing at Rs 1,971, a 79 per cent premium over its issue price of Rs 1,101 per share on the BSE. The debutant stock had a market capitalization of Rs 6,002.25 crore on the listing. The Rs 583-crore IPO of Nazara Technologies was subscribed 176 times by investors. This is the first gaming company that has been listed on the stock exchanges. Nazara owns IPs, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, NODWIN and Sportskeeda in esports and esports media, and Halaplay and Qunami in skill-based, fantasy and trivia games. Nazara Technologies had raised a whopping Rs 260 crore from anchor investor ahead of IPO launch. The company's IPO committee had decided to allocate 23,73,395 shares to 43 anchor investors at Rs 1,101 per piece. Read more