Nazara Technologies Ltd
Stock market IT, software and gaming sector company Nazara Technologies Ltd has received a Rs 100 crore investment from Zerodha’s founder. In this article, we will provide detailed information about the company’s operations, the current state of the stock market, and the impact of the Rs 100 crore investment.
Nazara Share Company Information
Nazara Technologies Ltd was founded in 1999 by Nitish Mittersain. It is headquartered in Mumbai, Maharashtra and is a prominent player in India’s gaming sector. The company operates in various segments and offers popular gaming products such as esports, wcc, carrom clash mobile game, halaplay, animal jam, wcc3, classic rummy, and sportskeeda. Its market reach extends from India to Africa, South East Asia, and Latin America.
Nazara Share Current Status
The market capitalization of Nazara Technologies Ltd is Rs 5,505.35 crore, with the promoter holding at 19.05%. The company is currently debt-free and has witnessed a sales growth of -37.99% and a profit growth of -4,325%. It has Rs 28.50 crore available in free cash.
Last 5 Years Return Information
For investors, understanding the returns of a share is crucial. Nazara share has provided a return of 44% in the last 6 months, 15% in the last 1 year, -1% in the last 3 years, and -0.9% in the last 5 years.
Founder Bought Shares Worth Rs 100 Crore
Nazara Technologies Ltd has announced that Nikhil Kamat, the founder of Zerodha, has invested Rs 100 crore in the company. The shares were purchased at a price of Rs 714 on Monday. Kamat believes that the gaming sector in India has tremendous growth potential, as the youth in the country are highly interested in gaming.
Disclaimer: The news provided is for informational purposes only. Stocknewshub.in does not provide investment advice. Investing in the stock market involves risks, and it is recommended to seek expert opinions before making any investment decisions.
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