This Nikhil Kamath’s invested company specializes in mobile gaming and interactive entertainment jumped upto 2 percent following the bulk deal for Rs. 40.90 crores involving Ashika Credit Capital.
Price action
With a market capitalization of Rs. 7,943.08 crores on Thursday, the shares of Nazara Technologies Ltd jumped upto 1.4 percent making a high of Rs. 937.25 per share compared to its previous closing price of Rs. 923.55 per share.
What Happened
Nazara Technologies Limited, a company engaged in mobile gaming and interactive entertainment, recently experienced a bulk deal, in which Ashika Credit Capital purchased a 0.58 percent stake. In this transaction, 4.47 lakh shares were purchased at Rs 915.16 apiece, resulting in a total value of around Rs. 40.90 Crores.
Ace Investor Stake
Under the name of the Estate of Late, Mr. Rakesh Jhunjhunwala holds around 61,83,620 shares which consist of around 7.06 percent stake in the company as of November 2024.
Kamath Associates holds around 15,04,782 shares which consist of around 1.72 percent stake in the company as of November 2024.
About the company
Nazara Technologies Limited is a leading Indian gaming and sports media platform, offering mobile gaming, esports, and online gaming services, The company focuses on developing and publishing mobile games across various genres, including casual, sports, and skill-based games. It caters to a wide audience, focusing on both entertainment and engagement.
Financials
The company’s total revenue rose by 11.21 percent from Rs 309.54 crore to Rs 344.25 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 19.82 crore to Rs 21.97 crore during the same period.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
