Nazara Technologies has been gaining popularity in the stock market recently. If we look at the Nazara Technologies share price as of July 4th, 2024, it is sitting at ₹906.65, showcasing a healthy 2.38% rise for the day on the NSE (NSE Nazara). This positive trend isn’t a one-day wonder – the Nazara tech stock price has been working hard for quite some time.
Introduction to Nazara Technologies
Founded in 1999, Nazara Technologies is an Indian gaming and sports media company. It has its headquarters in Mumbai. This company has all its arms spread in the gaming industry, from developing to publishing some of the most popular mobile games like the World Cricket Championship (WCC) and CarromClash.
Nazara Technologies also owns a Nodwin Gaming esports company in India. Not only that, but they also actively participate in eSports media through Sportskeeda. Moreover, it understands the importance of learning and offers gamified early learning through its product, Kiddopia.
Nazara has risen from a gaming portal to a multi-million dollar, all-encompassing gaming company. From an Indian gaming company, it has expanded its presence abroad and is planning to enter Africa and North America.
A Quick Overview of Nazara Technologies
- Founder: Nitish Mittersain (1999)
- Headquarters: Mumbai, India
- Products: Mobile Games (WCC, CarromClash), eSports (Nodwin Gaming), eSports Media (Sportskeeda), Gamified Early Learning (Kiddopia)
- Market: India and abroad (Africa, North America)
Outperforming the Market
Nazara Technologies share price has risen to a soaring 27.9% in the last year. Even when nifty was down by 0.19% recently. Nazara has clearly outperformed its peers, and its Nifty Media index is up 0.49% today.
Let’s do a quick stock analysis:
- Market Cap: ₹ 6,996 Cr.
- Current Price: ₹ 914
- High / Low: ₹ 990 / 591
- Stock P/E: 103
- Book Value: ₹ 261
- Dividend Yield: 0.00 %
- ROCE: 5.93 %
- ROE: 4.36 %
- Face Value: ₹ 4.00
Month-on-Month Momentum
- Nazara tech stock price has gained a solid 15% in the last month alone.
- The Nifty Media index has only managed a 6.3% increase.
- Nazara is a standout performer in the gaming and media sector.
Strong Trading Activity
- The recent surge in Nazara share price is accompanied by increased trading activity.
- The stock volume on July 4th stood at a healthy 14.45 lakh shares.
- This exceeds the one-month daily average of 11.02 lakh shares.
- Growing investor interest in Nazara Technologies is evident.
Understanding the Numbers
However its P/E Ratio is zero (0), This clearly indicates that the company is not making any profit. This statistic is based on its twelve-month-long (TTM) earnings. In the tech sector, instead of paying dividends, many high-growing companies prefer investing the profit again in order to expand.
Book Value (₹209.43)
Nazara Technologies share price has made a stronghold in the market. But before investing in these stocks you must consider analyzing all the financial perspectives of the company. One of the dimensions that shows the net value of the company after subtracting the liabilities from the assets is Book Value. And Nazara Technologies book value is ₹209.43. This value throws light on the underlying good financial health condition of the company.
Market Update
Looking at the earlier trend, the markets ended the day on a positive note.
- The opening was strong, with Sensex surging to 80,272.30, a gain of 285.5 points or 0.36% higher than the previous close.
- Nifty followed suit, reaching 24,362.95, up 76.45 points or 0.31% higher.
- This positive turn of events could potentially influence Nazara’s share price in the coming days.
Looking Ahead
Nazara Technologies’ strong performance reflects the growing popularity of online gaming and esports in India. With a loyal customer base and a focus on innovation, Nazara share price is well-positioned to capitalize on this booming market. While the future is uncertain, the current trends suggest that Nazara’s share price could continue its upward trajectory.
Disclaimer: This blog is just a point of view. The stock market is highly uncertain. Thus, we suggest that you analyse and do your own research before investing in any stock.
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