Nazara Technologies Ltd, established in 1999 by Nitish Mittersain, stands out as a prominent and diverse gaming and esports company with a global reach. The company provides an extensive range of products and services, encompassing mobile games, esports tournaments, and gaming infrastructure. With a robust history of consistent growth and profitability, Nazara is strategically positioned to leverage the expanding global gaming market.
In a significant move in 2019, Nazara acquired Sportskeeda, a well-known sports media website, for ₹44 crore, signaling a major foray into the esports domain. This strategic acquisition not only reinforced Nazara’s standing as a key player in the gaming and esports landscape but also broadened its portfolio.
In 2020, Nazara made further strides by introducing two captivating video series: Freehit and SKlive, thereby reinforcing its presence in the sports media realm. Freehit, an interview series featuring sports legends, and SKLive, a daily web interview series, resonated with audiences worldwide, showcasing Nazara’s commitment to compelling storytelling. These initiatives underscore Nazara’s dedication to engaging its audience in innovative ways while solidifying its position in the dynamic world of gaming and esports.
Nazara Technologies is rated as a “buy” by most analysts. The average analyst price target for the stock is Rs 1,000, implying a potential upside of over 20% from current levels.
Investing in Nazara Technologies is a compelling opportunity to its robust growth potential, diversified business model, and impressive financial performance. Positioned to capitalize on the expanding global gaming market, the company is expected to sustain strong financial results in the coming years. With the gaming market projected to reach $300 billion by 2025, Nazara is well-poised for continued success.
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Nazara Technologies Share Price expected growth in upcoming years:
Nazara Technologies is a well-positioned company with a strong track record of growth. The company is expected to continue to benefit from the growing global gaming market, but it also faces some challenges that it will need to address in order to maintain its growth momentum.
Here are some specific analyst estimates for Nazara Technologies’ share price growth in the upcoming years:
| Analyst | Estimated Share Price by 2026 (Rs) |
|---|---|
| Credit Suisse | 1,200 |
| Morgan Stanley | 1,100 |
| Citi | 1,050 |
Nazara Technologies Stock Price Prediction 2024
| Year 2024 | Nazara Technologies Share Price Prediction 2024 ₹710 |
Nazara Technologies Stock Price Prediction 2025
| Year 2025 | Nazara Technologies Share Price Prediction 2025 ₹800 |
Nazara Technologies Stock Price Prediction 2030
| Year 2030 | Nazara Technologies Share Price Prediction 2030 ₹2000 |
Nazara Technologies Stock Price Prediction 2040
| Year 2040 | Nazara Technologies Share Price Prediction 2040 ₹3200 |
Nazara Technologies Stock Price Prediction 2050
| Year 2050 | Nazara Technologies Share Price Prediction 2050 ₹5120 |
Nazara Technologies Current Share Price, Trends, Open And Prev. Close – Read Here
Top Investors in Nazara Technologies
| Investor | Country | Stock % |
|---|---|---|
| Verlinvest | Belgium | 14.12% |
| CDC Group | France | 10.00% |
| Emirates NBD | United Arab Emirates | 9.84% |
| Mauritius Public Sector Global Fund | Mauritius | 7.65% |
| Aditya Birla Group | India | 5.00% |
Nazara Technologies releases his IPO in 2021:
Nazara Technologies was listed on the NSE and BSE on March 11, 2021. The initial public offering (IPO) was oversubscribed by 14 times, raising Rs 511 crore. The IPO price was set at Rs 1,111 per share, and the shares were listed at Rs 1,785 per share on the NSE and Rs 1,800 per share on the BSE.
Official Site Of Nazara Technologies
Some Frequently Asked Questions:
What are the analyst predictions for Nazara Technologies’ share price in the coming years?
Credit Suisse: Predicts a share price of Rs 1,200.
Morgan Stanley: Forecasts a share price of Rs 1,100.
Citi: Estimates a share price of Rs 1,050.
When was Nazara Technologies’ IPO released, and how did it perform?
Nazara Technologies released its IPO on March 11, 2021. It was oversubscribed by 14 times, raising ₹511 crore. The IPO price was set at ₹1,111 per share, and the shares were listed at ₹1,785 per share on the NSE and ₹1,800 per share on the BSE.
