Nazara Technologies Ltd. is the leading Indian diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America. It offers interactive gaming, eSports and gamified early learning ecosystems. Nazara Technologies CMP is 813.60.
The Negative aspects of the company are High Valuation (P.E. = 99.4), Declining cash from operations, MFs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 828. Targets in the stock will be 865 and 900. The long-term target in the stock will be 929. Stop loss in the stock should be maintained at Closing below 751.
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