Nazara Technologies shares rise 18% on block deal news
pre-market1 source ↓written by the desknot a recommendation
- to ₹314 following
- 18%
- of its equity
- 4.9%
- year-on-year decline
- 23%
- to ₹56 cr
- 13-fold
Nazara Technologies shares surged 18% to ₹314 following a block deal involving 4.9% of its equity. Nikhil Kamath and Axana Estates are reportedly the buyers, with founder Nitish Mittersain as the likely seller. Despite a 23% year-on-year decline in Q4FY26 revenue to ₹398 cr, net profit soared over 13-fold to ₹56 cr, indicating strong investor interest.
Not investment advice. For informational purposes only.