Nazara Technologies shares rise 18% on block deal news
after close1 source ↓written by the desknot a recommendation
- to ₹314 following
- 18%
- of its equity
- 4.9%
- to ₹398 cr
- 23% YoY revenue decline
- to ₹56 cr
- 13-fold
Shares of Nazara Technologies surged 18% to ₹314 following a block deal involving nearly 4.9% of its equity. Nikhil Kamath and Axana Estates are reportedly the buyers, while founder Nitish Mittersain is likely the seller. Despite a 23% YoY revenue decline to ₹398 cr, net profit soared over 13-fold to ₹56 cr.
Not investment advice. For informational purposes only.