Nazara Technologies Ltd Share Price – NSE  / BSE

Telecomm-Service, Small Cap

Nazara Technologies Ltd gained for a third straight session today. The stock is quoting at Rs 943.8, up 2.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Nazara Technologies Ltd has slipped around 5.76% in last one month.

Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has slipped around 8.74% in last one month and is currently quoting at 1937.6, up 2.33% on the day. The volume in the stock stood at 2.27 lakh shares today, compared to the daily average of 4.53 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending June 24.

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Nazara Technologies Ltd dropped for a fifth straight session today. The stock is quoting at Rs 973.4, down 0.71% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.2% on the day, quoting at 25865.55. The Sensex is at 84467.06, down 1.29%.Nazara Technologies Ltd has added around 5.99% in last one month.Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has increased around 1.14% in last one month and is currently quoting at 2114.8, up 0.17% on the day. The volume in the stock stood at 3.01 lakh shares today, compared to the daily average of 16.1 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending June 24.

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The preferential equity issue amounting to Rs 900 crore will be placed with marquee investors such as SBI Mutual Fund, Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments and Aamara Capital, further strengthening Nazara’s financial foundation for long-term expansion.

This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability to seize new growth opportunities.

In a parallel development, the company has entered into definitive agreement with Aboslute Sports to acquire addtional 19.35% stake or 41,173 equity shares for total consideration of Rs 145.47 crore, with 50% of the consideration paid in cash and the remaining amount in stock.

Sportskeeda, Absolute Sports’ flagship brand, reaches millions ofsports fans globally each month, with significant traction in India and the U.S, where it ranks among the top sports platforms. In addition, Absolute Sports has recently expanded by acquiring Pro Football Network (PFN), SoapCentral, and Deltia’s Gaming, further diversifying its sports and entertainment portfolio.

With this transaction, the company will hold a 91% ownership stake in Absolute Sports, reinforcing its leadership position in the sports media domain. The acquisition is expected to be completed within 60 days.

Nitish Mittersain, CEO & Jt MD of Nazara Technologies, said, Nazara has demonstrated its ability to attract top-tier investors who believe in our long-term vision of establishing India’s first globally respected gaming powerhouse. This Rs 900 crore fundraise will be instrumental in accelerating our growth across key segments.

Additionally, increasing our stake to 91% in Absolute Sports (Sportskeeda) reinforces our leadership in the sports media landscape. The growth of Absolute Sports, from its early days as a startup to becoming a global media player, underscores our commitment to supporting innovative teams that consistently deliver transformational growth.

Nazara Technologies is a diversified gaming & sports media platform with presence in India and across emerging & developed global markets such as Africa and North America. It has offerings across the interactive gaming, eSports, ad-tech and gamified early learning ecosystems including World Cricket.

The gaming and sports media company's consolidated net profit (from continuing operations) increased 13.23% to Rs 23.62 crore in Q1 FY25 from Rs 20.86 crore reported in Q4 FY23. Revenue from operations stood at Rs 250.08 crore in Q1 FY25, down 1.71% from Rs 254.43 crore reported in the same period a year ago.

The scrip slipped 4.16% to Rs 1,014.40 on the BSE. It has also hit all-time high at Rs 1,124.15 in intraday today.

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Securitiesin F&O ban :

Aarti Industries, Balrampur Chini Mills, Biocon, Birla soft, Gujarat National Fertilisers and Chemicals (GNFC), Granules India, LIC Housing Finance, Oracle Financial Services, Punjab National Bank (PNB), and RBL Bank.

Stocks to watch:

Nazara Technologies raised up to Rs 900 crore via preferential issue of shares at an issue price set at Rs 954.27 per share. Meanwhile, the company will acquire an additional 19.35% stake in Absolute Sports (Sportskeeda) for Rs 145.5 crore. With this, the company now holds a 91% ownership stake in Abosulte Sports (Sportskeeda).

BL Kashyap & Sons secured a new order worth Rs 221 crore from SSS Realty & Co. for construction work in Bangalore. The total order book as of date stands at Rs 3,546 crore.

Garden Reach Shipbuilders & Engineers received an additional $54 million contract from Germany’s Carsten Rehder for 4 Multi-purpose vessels.

Aditya Birla Capital received no objection from RBI for the proposed amalgamation of Aditya Birla Finance with itself, it will create a large unified operating NBFC.

Nippon Life India’s board approved the appointment of Parag Joglekar as CFO with effect from 19 September 2024.

ION Exchange received Rs 161 crore order from Adani Power for a water and environment management solution. The projects are expected to be completed within 18 months from the award date.

Macrotech Developers has executed securities purchase agreement (SPAs) with Ivanhoe Warehousing India for the acquisition of its shareholding in the Digital Infastructure platform entities, Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1—for Rs 239.56 crore. Post-acquisition, the company’s stake in these entities would increase to 70%, 66.67%, and 66.67%, respectively.

PowerGrid Corporation of India has received a Letter of Intent for the project, which includes establishing a new 765/400/220 kV substation at Kurawar, along with 765 kV & 400 kV D/C transmission lines and associated bays extension works at other existing substations in Madhya Pradesh.

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