Page 5 - Nazara Technologies

Mehul Kothari recommends Buy on JM Financial, Nazara Tech; Check Why

According to the technical analyst from Anand Rathi, JM Financial can rally to Rs 78, while Nazara Technologies can gain up to Rs 830.

Nazara Tech acquires US-based WildWorks for Rs 82 cr in all-cash deal

Gaming and sports media firm Nazara Technologies has acquired US-based WildWorks for USD 10.4 million (about Rs 82 crore) in an all-cash deal, the company said on Tuesday. Nazara Technologies founder and managing director Nitish Mittersain said that the company has acquired WildWorks to strengthen its gaming learning vertical where it has already been running the early learning platform Kiddopia for kids aged between 2-7 years. "This acquisition brings Apple Jam IP of WildWorks which is a gamified learning platform for children in the age of 8-12 years. It is an adjacent segment for our learning vertical. We have acquired WildWorks for USD 10.4 million and we can now help them in scaling up their operations," Mittersain said. He said that WildWorks has a team of 30 people that will continue to operate independently. Nazara acquired Kiddopia around three years ago. "When we acquired Kiddopia it had revenue of around Rs 30 crore. In three years we have scaled it up to Rs 200 crore.

Rakesh Jhunjhunwala-owned stocks trade mixed. Should you buy, sell, hold?

The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally

These Rakesh Jhujhunwala-owned stocks can rally up to 20%, charts suggest

Titan and Escorts look promising on the charts, while Star Health and Allied Insurance, Nazara Technologies and Rallis India need to conquer major hurdles for further gains, technical charts suggest.

Nazara Technologies soars 16% after strong June quarter results

The mobile gaming company reported over 22 per cent year-on-year (YoY) growth in consolidated net profit to Rs 16.5 crore in April-June quarter (Q1FY23)

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.