Nazara Technologies Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Net profit of Nazara Technologies rose 94.31% to Rs 19.82 crore in the quarter ended September 2023 as against Rs 10.20 crore during the previous quarter ended September 2022. Sales rose 12.68% to Rs 297.24 crore in the quarter ended September 2023 as against Rs 263.80 crore during the previous quarter ended September 2022.

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Nazara Technologies will hold a meeting of the Board of Directors of the Company on 8 November 2023.

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Nazara Technologies Ltd is up for a fifth straight session today. The stock is quoting at Rs 807.85, up 1.57% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 19101.15. The Sensex is at 63944.37, down 0.26%. Nazara Technologies Ltd has slipped around 3.15% in last one month.

Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has slipped around 4.61% in last one month and is currently quoting at 2179.3, up 0.27% on the day. The volume in the stock stood at 1.18 lakh shares today, compared to the daily average of 3.34 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending June 23.

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Nazara Technologies has unveiled its new game publishing division “Nazara Publishing” to launch high quality games for the Indian and International markets. The company will partner with various Indian and global developers to localise and bring these games to the large gaming base in India as well as publish games made by Indian developers globally.

Nazara will invest a minimum of Rs 1 crore per game and aims to launch up to 20 games over the next 18 months. In addition to capital, Nazara will provide developers with support on game design, localisation, data analytics capabilities, beta testing and quality assurance, enhanced monetization and strong distribution through smart user acquisition spends and platform partnerships.

As part of the Nazara Publishing platform, developers will also have access to mentors in the form of industry leaders and experts. This holistic support will empower game studios to not only successfully publish their games but also to overcome challenges, accelerate their growth, and create a lasting impact in the Indian gaming landscape.

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