As per exchange data, Jhunjhunwala sold 13 lakh shares on the BSE at an average price of Rs 1,225.19 and another 14 lakh shares on the NSE at Rs 1,225.63. The combined deal value stood at approximately Rs 334 crore. The identity of the buyers was not immediately known.
Following this transaction, Jhunjhunwala’s stake in the gaming and sports media company has reduced to zero, according to bulk deal disclosures.
Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months
Earlier, between June 2 and June 6, she had sold 17.38 lakh shares for an estimated Rs 218 crore. Overall, her holding has come down from over 10% in June 2022 to nil.
Live Events
Other prominent investors in Nazara Technologies include Madhusudan Kela and Nikhil Kamath. As of March 2025, Kela holds a 1.3% stake, while Zerodha co-founder Nikhil Kamath owns 3.72% through his firms—Kamath Associates and NKSquared.Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside
Nazara Technologies Q4 earnings
In Q4FY25, Nazara Technologies reported a 95% year-on-year jump in operating revenue to Rs 520.2 crore. Net profit stood at Rs 4 crore, up from Rs 0.18 crore in the same quarter last year. However, total expenses also surged 85% YoY to Rs 527.7 crore, largely due to a threefold increase in advertising costs and a sharp rise in employee benefits.The esports division was the top contributor, posting 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, and the adtech business also reported gains.
For the full year, operating revenue grew 42.6% to Rs 1,623.9 crore. However, net profit declined 31.8% to Rs 50.9 crore. EBITDA for the year reached a record Rs 153.5 crore.
Nazara Technologies share price target
According to Trendlyne, the average target price for Nazara Technologies is Rs 1,093, suggesting a potential downside of nearly 18% from current levels. Of the 11 analysts covering the stock, the majority have a ‘Hold’ rating.
The stock has gained 42% in the last three months and is up 90% over the past two years. Nazara’s current market capitalisation stands at Rs 11,634 crore.
Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
