{"id":145482,"date":"2025-02-25T12:25:47","date_gmt":"2025-02-25T06:55:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145482"},"modified":"2025-02-25T20:01:14","modified_gmt":"2025-02-25T14:31:14","slug":"nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys\/","title":{"rendered":"Nikhil Kamath stock in focus after acquiring 38% stake in Funky Monkeys"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1575787026\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this smallcap mobile gaming stock were in focus in Tuesday\u2019s trading session after the company announced the acquisition of an additional 6.5 lakh equity shares, in Funky Monkeys, bringing the total stake to 60 percent.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-162676270\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance<\/strong><\/h2><p>With a market capitalization of Rs 7,928.11 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/NAZARA\" target=\"_blank\" rel=\"noreferrer noopener\">Nazara Technologies Ltd<\/a><\/strong> rose over 2 percent in Tuesday\u2019s trading session and made a high of Rs 939.95 per share compared to its previous closing price of Rs 917.80 per share. The stock reiterated from its day\u2019s high and was trading at Rs 927.25\u00a0 which is 1 percent higher than the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>In an exchange filing, the company reported that on February 24, 2025, Nazara Technologies Ltd acquired an additional 6.5 lakh equity shares for a cash consideration of Rs 28.7 crore in Funky Monkeys. This represents a 38.57 percent stake in the company.&nbsp;<\/p><p>With this, Nazara Technologies Ltd now holds a 60 percent stake in Funky Monkeys, which has become a subsidiary of the company.<\/p><div class=\"trade-content_5\" id=\"trade-1855417397\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Nazara Technologies Ltd&nbsp; is India\u2019s leading diversified gaming and sports media platform with a significant global presence across various markets such as North America and Africa. The company offers eSports, interactive gaming, gamified early learning ecosystems, and many more.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance<\/strong><\/h2><p>In the latest quarter, Nazara Technologies reported a 65 percent YoY increase in its total revenue from Rs 338 crore to Rs 557 crore. On a quarterly basis, there was a 62 percent increase from Rs 344 crore in Q2 FY25.&nbsp;<\/p><p>However, there was a 54 percent YoY decline in net profits from 30 crore to Rs 14 crore and a 13 percent QoQ decrease from Rs 16 crore in Q2 FY25.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3880616732\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this smallcap mobile gaming stock were in focus in Tuesday\u2019s trading session after the company announced the acquisition of an additional 6.5 lakh equity shares, in Funky Monkeys, bringing the total stake to 60 percent. Stock Performance With a market capitalization of Rs 7,928.11 crore, Nazara Technologies Ltd rose over 2 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-145482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nikhil Kamath stock in focus after acquiring 38% stake in Funky Monkeys - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this smallcap mobile gaming stock were in focus in Tuesday\u2019s trading session after the company announced the acquisition of an additional 6.5 lakh equity shares, in Funky Monkeys, bringing the total stake to 60 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nikhil Kamath stock in focus after acquiring 38% stake in Funky Monkeys\" \/>\n<meta property=\"og:description\" content=\"The shares of this smallcap mobile gaming stock were in focus in Tuesday\u2019s trading session after the company announced the acquisition of an additional 6.5 lakh equity shares, in Funky Monkeys, bringing the total stake to 60 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-25T06:55:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T14:31:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/Nikhil-Kamath.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys\/\",\"url\":\"https:\/\/tradebrains.in\/features\/nikhil-kamath-stock-in-focus-after-acquiring-38-stake-in-funky-monkeys\/\",\"name\":\"Nikhil Kamath stock in focus after acquiring 38% stake in Funky Monkeys - 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