GHCL Ltd, Nazara Technologies Ltd, Ramkrishna Forgings Ltd and Jammu and Kashmir Bank Ltd are among the other gainers in the BSE’s ‘A’ group today, 02 August 2024.

Zomato Ltd leads gainers in ‘A’ group

Zomato, Selan Expl Tech, Gyscoal Alloys, SJS Enterprises and Nazara Technologies, hit their fresh 52-week highs at 11:20AM.

Stock market update: Stocks that hit 52-week highs on NSE

Nazara Technologies Ltd is quoting at Rs 925, up 2% on the day as on 12:49 IST on the NSE. The stock is up 33.56% in last one year as compared to a 27.98% jump in NIFTY and a 4.79% jump in the Nifty Media index.

Nazara Technologies Ltd gains for third straight session

Nazara Technologies acquires 48.42% stake in Paper Boat Apps for ₹300 crore, aiming to merge Kiddopia for growth.

Nazara acquires 48.42% stake in Paper Boat Apps for ₹300 crore

Nazara Technologies acquires majority stake in Paper Boat Apps, developer of popular children’s learning app ‘Kiddopia’, for Rs 300 crores.

Nazara Technologies acquires additional 48.42% stake in Paper Boat Apps for ₹300 crores

Nazara Technologies is also exploring plans to merge Paper Boat Apps into the company to integrate Kiddopia into its platform, allowing the company to benefit from its healthy cash flow, according to a stock exchange filing. “In terms of additional acquisitions, Nazara is well positioned to acquire gaming studios and we are in advanced conversations with many other studios as well,” Nitish Mittersain, CEO of Nazara Technologies told ET.

Nazara Technologies acquires full ownership of Kiddopia publisher Paper Boat Apps in Rs 300 crore deal

Kiddopia, a subsidiary of Paperboat, will continue to remain a step-down subsidiary.

Nazara Technologies To Fully Acquire Subsidiary Paper Boat Apps

The brokerage believes that the contingent liability on Nazara (parent company) is unlikely to be meaningful, given both HalaPlay and OpenPlay are private limited companies.

Nazara Technologies - Regulatory Challenges Arise In The Real-Money Gaming Segment: ICICI Securities

Nazara Technologies on Wednesday informed that two of its subsidiaries have received show cause notice and intimation for GST liability adding up to nearly Rs 1,120 crore.

Nazara Tech’s two subsidiaries receive Rs 1,120 cr GST demand notice

According to an exchange filing, the Director General of GST Intelligence in Kolkata issued show cause notices to Openplay Technologies and Halaplay Technologies on Tuesday, July 16. The proposed liabilities are Rs 845.72 crore for Openplay Technologies and Rs 274.21 crore for Halaplay Technologies.

Nazara Technologies’ two subsidiaries get Rs 1,120 crore GST demand notice

Nazara Technologies Ltd is quoting at Rs 948.25, up 1.49% on the day as on 12:49 IST on the NSE. The stock is up 30.54% in last one year as compared to a 26.03% jump in NIFTY and a 9.45% jump in the Nifty Media index.

Nazara Technologies Ltd rises for third straight session

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Nazara Technologies is engaged in the business of diversified gaming and sports media platform.

Nazara Technologies Ltd