Nazara Technologies stock has been on a bullish trend for 5 days! Prices double in 2 years

News Topical, Digital Desk : Shares of digital entertainment company Nazara Technologies, included in Rekha Jhunjhunwala's portfolio, touched ₹ 1,150 on Monday, the highest level since June 2022. The stock saw a gain of 5% and crossed the previous high of ₹ 1,124.15 of 19 September 2024. At the same time, the stock has been on a bullish trend for 5 days. If we look at the exchange data, it is known that FIIs have bought heavily in a year. One year in March 2024, the share was 9.7 percent. At the same time, the share has increased to 13.04 percent in March 2025.

Great returns- The stock has gained 19% in 1 month, while the BSE Sensex has grown by only 6.6%. It has given a 30% return in 6 months, while the Sensex has given a return of only 4 percent. The all-time high of the stock has been ₹1,677.20 (October 2021). In March 2023, the share price had fallen below Rs 500. At the same time, it is now above Rs 1150. The stock has doubled in two years from that level.

Share of big investors- Data released on the exchange till March 2025 shows that  Rekha Jhunjhunwala holds a 7.06% stake. At the same time, Madhu Kela has a 1.25% stake. Now if we look at the company's financials, it has performed record in Q3FY25. EBITDA: ₹52.4 crore (YoY growth: +39%). Revenue: ₹534.7 crore. Profit was ₹13.7 crore. Gaming revenue grew by 53%, mainly from acquisitions like Fusebox Games and strong titles like Animal Jam. Partnerships with big brands like Big Brother and Bigg Boss will increase user engagement. Nazara has recently acquired popular game IPs like CATS: Crash Arena Turbo Stars and King of Thieves which will generate direct revenue and profit. 

Open offer and promoters ... Axana Estates, Plutus Wealth and Junomoneta Finsol gave an open offer to buy up to 26% stake at a price of ₹990 per share in January 2025. Under this deal, ₹495 crore was invested by Arpit Khandelwal of Plutus Wealth and Mithun Sacheti of CaratLane. After this, Sacheti and Plutus Wealth will become the new promoters of the company.

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