NSE: NAZARA | BSE: 543280

Expensive Performer

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1000.30 -12.30 (-1.21%)

69.11% Gain from 52W Low

64,569 NSE+BSE Volume

NSE 05 May, 2025 12:37 PM (IST)

8,764.3

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Nazara Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NAZARA, BSE:543280 Nazara Technologies Ltd.

Nazara Technologies Ltd.

21 Mar 2023

1000.30

-1.21%

Diversified play into Indian gaming ecosystem

Buy: Nazara Technologies Ltd.

ICICI Securities Limited

We initiate coverage on Nazara Technologies with BUY rating, given visibility of strong revenue growth in eSports and gradual profitability improvement in gamified early learning (GEL). The stock has corrected ~70% from its peak (of Rs1,601) and is now trading at its all-time low of Rs486.

Number of FII/FPI investors increased from 109 to 122 in Mar 2025 qtr.

Nazara Technologies Ltd.

01 Sep 2022

1000.30

-1.21%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Target

Prabhudas Lilladhar

Nazara Technologies Ltd. is trading above all available SMAs

Nazara Technologies Ltd.

01 Aug 2022

1000.30

-1.21%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Prabhudas Lilladhar

Nazara Technologies Ltd. has gained 56.71% in the last 1 Year

Nazara Technologies Ltd.

24 Jun 2022

1000.30

-1.21%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Prabhudas Lilladhar

Nazara Technologies Ltd. has gained 56.71% in the last 1 Year

Nazara Technologies Ltd.

16 May 2022

1000.30

-1.21%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Target

Prabhudas Lilladhar

Nazara Technologies .. has an average target of 1131.00 from 2 brokers.

Nazara Technologies Ltd.

14 Feb 2022

1000.30

-1.21%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Target

Prabhudas Lilladhar

challenging task in near term. While policy enactment has also resulted in elevation of CPT to US$33-34, acquisition of Datawrkz (an ad-tech company) can help optimize CAC and enhance yields, going ahead. Though Kiddopia is facing growth headwinds, E-Sports is expected to grow at 39.4% CAGR over FY22-FY24 backed by consolidation of OML. Further, revenue in RMG segment is also expected to rise by 2.4x over next 2-years post-acquisition of OpenPlay. Overall, we expect revenue revenue/EBITDA CAGR of 32%/28% over FY22-24E and the growth story remains intact despite near term...

Nazara Technologies Ltd. has gained 56.71% in the last 1 Year

Nazara Technologies Ltd.

02 Sep 2021

1000.30

-1.21%

Company Initiation - Game On! - BUY

Buy: Nazara Technologies Ltd.

Prabhudas Lilladhar

Indian Gaming Industry: A huge growth opportunity ................................................4 Key drivers for mobile gaming growth in India...........................................................5 Company Overview............................................................................................................6 A di versified gaming and sports media platform .......................................................6 Investment thesis................................................................................................................8 Gamified early learning offers huge scalability ..........................................................8 Kiddopia is an emerging Ed-Tech play...................................................................8 Gamified early learning holds potential even in developed markets............... 11...

Nazara Technologies .. has an average target of 1131.00 from 2 brokers.

Nazara Technologies Ltd.

17 Mar 2021

1000.30

-1.21%

Nazara Technologies- IPO

IPO Note: Nazara Technologies Ltd.

ICICI Securities Limited

Nazara Technologies is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company owns some of the most recognisable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games. The company derive revenues...

Nazara Technologies Ltd. is trading above all available SMAs

Nazara Technologies Ltd.

17 Mar 2021

1000.30

-1.21%

Nazara Technologies Ltd. IPO Note

IPO Note: Nazara Technologies Ltd.

Ashika Research

ICICI Securities Limited, IIFL Securities Limited, Jefferies India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited...

Nazara Technologies Ltd. has gained 56.71% in the last 1 Year

Nazara Technologies Ltd.

17 Mar 2021

1000.30

-1.21%

IPO Note - Game On! - Subscribe

IPO Note: Nazara Technologies Ltd.

Prabhudas Lilladhar

We recommend SUBSCRIBE on Nazara Technologies as it 1) is a unique gaming play on India's population demographics (Gen Z & millennials constitute ~65% of the population mix) 2) provides an early mover advantage in the evolving E-Sports category (organized 82% of the E-sports events with a share in total prize pool at 73% in 2019) 3) offers a proxy play on emerging...

Nazara Technologies Ltd. has gained 56.71% in the last 1 Year

VOTE: Is Nazara Technologies Ltd. worth buying?

106 Votes:

Buy 71.7%

Sell 18.87%

Hold 9.43%

RESEARCH REPORTS

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Buy SEE REPORTS >

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