Nazara Technologies Limited company is in the line of online gaming business whose recently IPO has came and listed on 30th March 2021 in stock exchange. The Offered Price was Rs 1101 and it listed at the premium of 80% nearby Rs 2000 and finally closed at the price of Rs 1592.
Nazara Technologies was also in news due to Rakesh Jhunjhunwala whose stake in the company is of 10%. Due the Bull Tycoon Rakesh Jhunjhunwala Nazara Technologies IPO was oversubscribe and it is also seen as Multibagger stock.
Nazara Technologies is having a Market capitalization of Rs 4848 crores which is basically a small cap company.
If we compare last 2 financial years i.e. March 2020 with March 2019 then we will find there is an increase in Sales, Operating Profit, Profit Before Tax (PBT) and Net Profit comparing to last year March 2019.
So, here is the Buy Call with a target of rs 2000 by the 6 times of time.