NSE: NAZARA | BSE: 543280

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1103.30 -3.70 (-0.33%)

32.20% Gain from 52W Low

819.6K NSE+BSE Volume

NSE 05 Sep, 2025 3:31 PM (IST)

10,218.4

Market Cap

High in industry

0.7

Beta 1Year

Very Low 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.

30 Jul 2023

1103.30

-0.33%

Muted Q1 due to multiple one-offs; set-up for strong recovery from Q2

Buy: Nazara Technologies Ltd.

Target

ICICI Securities Limited

Nazara Technologies’ Q1FY24 revenue was below estimates due to 1) deferment of key eSports launches to H2CY23 and 2) decline in Adtech’s growth due to client rationalisation. However, EBITDA margin expansion (+340 bps QoQ) materialised in Q1FY24 broadly in line with our estimates.

Nazara Technologies .. has an average target of 1212.50 from 2 brokers.

Nazara Technologies Ltd.

10 May 2023

1103.30

-0.33%

Strong quarter; underlying KPIs improving

Buy: Nazara Technologies Ltd.

ICICI Securities Limited

Nazara Technologies’ Q4FY23 revenue was in line, but earnings beat our estimates as eSports EBITDA margin rose sharply (~430bps YoY). Also, Kiddopia’s EBITDA margin expanded ~680bps QoQ led by US$1.4 sequential decline in cost per trial. Number of Kiddopia subscribers grew marginally QoQ.

Nazara Technologies Ltd. has lost -19.47% in the last 1 Month

Nazara Technologies Ltd.

21 Mar 2023

1103.30

-0.33%

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 122 to 129 in Jun 2025 qtr.

Nazara Technologies Ltd.

01 Sep 2022

1103.30

-0.33%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Target

Prabhudas Lilladhar

Nazara Technologies Ltd. is trading below all available SMAs

Nazara Technologies Ltd.

01 Aug 2022

1103.30

-0.33%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Prabhudas Lilladhar

Nazara Technologies Ltd. has lost -19.47% in the last 1 Month

Nazara Technologies Ltd.

24 Jun 2022

1103.30

-0.33%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Prabhudas Lilladhar

Nazara Technologies Ltd. has lost -19.47% in the last 1 Month

Nazara Technologies Ltd.

16 May 2022

1103.30

-0.33%

NAZARA TECHNOLOGIES

Buy: Nazara Technologies Ltd.

Target

Prabhudas Lilladhar

Nazara Technologies .. has an average target of 1212.50 from 2 brokers.

Nazara Technologies Ltd.

14 Feb 2022

1103.30

-0.33%

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 lost -19.47% in the last 1 Month

Nazara Technologies Ltd.

02 Sep 2021

1103.30

-0.33%

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 1212.50 from 2 brokers.

Nazara Technologies Ltd.

17 Mar 2021

1103.30

-0.33%

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 lost -19.47% in the last 1 Month

VOTE: Is Nazara Technologies Ltd. worth buying?

121 Votes:

Buy 71.9%

Sell 19.01%

Hold 9.09%

RESEARCH REPORTS

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