Page 5 - Nazara Technologies

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

Stiff regulations, high taxes: Govt controls electronic sports joystick

India is a fast-growing high-potential gaming market, but per capita spends still very low

This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%

However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex.

Nazara Tech's net profit up 17% to Rs 4.9 cr in Q4, revenue increases 42%

Digital gaming and sports platform Nazara Technologies on Friday posted an about 17 per cent increase in consolidated profit to Rs 4.9 crore for the quarter ended March 2022.

This Rakesh Jhunjhunwala owned stock has tanked 65% from its 52-week high

In the past one month, the market price of Nazara Technologies has tanked 29 per cent, as compared to a 8 per cent decline in the S&P BSE Sensex.

Market does not appreciate ambivalence: Nazara CEO Manish Agarwal

In a Q&A, he dwells on his company's journey the past one year, the gaming market in India and the company's future plans

Nazara Technologies invests $2.5 mn in US-based Bitkraft Ventures

The announcement comes at the back of its recent partnership with Griffin Gaming Partners, in which Nazara has committed to invest $4 million.

Vodafone Idea makes foray in e-sports, ties up with Nazara Tech

VIL sees gaming as a highly monetizable segment with a significant growth potential

Nazara to invest Rs 30 cr to Griffin Gaming Partners Fund II over 3 years

Digital gaming and sports company Nazara Technologies through its wholly-owned subsidiary Nazara Technologies FZ LLC has committed an investment of Rs 30 crore in Griffin Gaming Partners Fund II.

Nazara to acquire 33% stake in Datawrkz, invest Rs 30 crore in arm

In addition to this, the board of Nazara Technologies has approved investment of up to Rs 30 crore in its subsidiary Next Wave Multimedia

Paytm, Zomato, Nykaa: Here's why you should avoid these new-age stocks

Paytm has dropped 40 per cent on a YTD basis, and Zomato seems to be revisiting its IPO issue price amid market sell-off

Stocks to Watch: Apollo Hospitals, Nazara, DB Realty, Orchid Pharma, auto

Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.

Nazara Technologies' profit after tax dips 17% to Rs 14.8 cr in Dec quarter

Digital gaming and sports platform Nazara Technologies on Friday posted about a 17 per cent decline in consolidated profit after tax to Rs 14.8 crore in the third quarter ended December 31, 2021. The company had registered a PAT of Rs 17.9 crore in the corresponding quarter last fiscal. Its consolidated revenue from operations during October-December 2021 grew 42.48 per cent to Rs 185.8 crore, compared with Rs 130.4 crore in the year-ago period. For nine months ended December 31, 2021, the company recorded over four-fold jump in its consolidated PAT at Rs 42.8 crore, from Rs 9.4 crore in the year-ago period. The firm's revenue from operations also increased 35 per cent to Rs 446.6 crore in the three quarters ended December 31, 2021, from Rs 330.8 crore in the corresponding period of 2020-21. "Overall, we are pleased with our growth in strategic areas of focus while maintaining healthy profitability and cash flows. "We have witnessed 75 per cent year-on-year growth in the e-sports

Nazara Technologies acquires majority stake in Datawrkz for Rs 124 cr

Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55 per cent stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore (approximately USD 30 million), linked to CY 22 EBITDA performance, a filing said. The Board has approved the strategic investment by the acquisition of 37,498 equity shares - representing 55 per cent of the equity share capital, on a fully diluted basis -- of Datawrkz Business Solutions Private Limited along with its wholly-owned subsidiaries at a total consideration not exceeding Rs 124 crores in two tranches, it added. The shares will be bought from existing shareholders Senthil Govindan, Karthigha Dhanabalan, K Arunprabu, Mayank Khirwadkar and Vishal Tukaranm Garale, it said. In the first tranche, Nazara will acquire a 33 per cent share for Rs 60 crore during the first quarter of FY2022-23 and it reserves an option to acquire

NODWIN Gaming picks up 10% stake in digital content network Rusk Media

Nazara Technologies on Monday said its subsidiary NODWIN Gaming has acquired a strategic 10 per cent stake in digital content IP media network, Rusk Media.

Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore

Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period

Skill gaming startups caught in Karnataka's online gambling ban

Following a ban by Karnataka, fantasy sports and online games like Dream11 are out of bounds for gamers in the state. Let's understand the regulatory scenario for the Indian online gaming industry

Big Bull Rakesh Jhunjunwala's holding in Nazara past Rs 1,000 cr

GAME ON: Market price of sports media platform has zoomed 78% in one month

Up 78% in a month! Jhunjhunwala's holding in this firm crosses Rs 1,000 cr

Ace investor Rakesh Radheshyam Jhunjhunwala held 10.82 per cent stake in Nazara Technologies as on June 30, 2021

Stocks to watch: RIL, ZEEL, Sobha, Lupin, Nazar Tech, Titan, Inox Wind

Tata group firm Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter