• Home
  • Business News
  • Nazara Technologies block deal: Rakesh Jhunjhunwala linked entity sells 13 lakh shares worth Rs 159 crore
Image

Nazara Technologies block deal: Rakesh Jhunjhunwala linked entity sells 13 lakh shares worth Rs 159 crore

WhatsApp Group Join Now
Telegram Group Join Now
Instagram Group Join Now


Ace investor Rakesh Jhunjhunwala linked entity on Friday sold 13 lakh shares worth Rs 159 crore of Nazara Technologies via a block deal. The entity called Estate of Late Mr. Rakesh Jhunjhunwala offloaded shares at a price of Rs 1,225.19 a piece which was at a 2% discount over the Thursday closing price of Rs 1,246.80.

Shares of Nazara Technologies ended at Rs 1,325 on the NSE, gaining by Rs 78.20 or 6.27%. The gaming stock hit a fresh 52-week high of Rs 1,341.80 today.

This smallcap company with a market capitalisation of Rs 11,609 operates in three verticals viz. gaming, esports and ad-tech.

Nazara Tech shares have outperformed Nifty, delivering returns of 55% over a 1-year period versus Nifty’s returns of 6% in the same period. IN 2025, so far, the stock has given returns of 31% versus 4% given by the 50-stock index.

Nazara Technologies reported a 90% year-on-year growth in its Q4FY25 consolidated net profit at Rs 16 crore versus Rs 8 crore in the year ago period. The profit is attributable to the equity holders of the company. The gaming company’s revenue from operations surged 95% at Rs 520 crore over Rs 266 crore reported in the corresponding quarter of the last financial year.


The profit after tax (PAT) was down 40% on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue too, fell nearly 3% against Rs 535 crore in the October-December quarter of FY25.Nazara Technologies reported its highest ever annual Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of Rs 153.5 crore in FY25 on revenues of Rs 1,624 crores, with its core gaming business delivering a healthy 19.9% EBITDA margin and overall EBITDA margins of 9.4%.’Estate of Late Mr. Rakesh Jhunjhunwala’ refers to the collection of assets, investments, liabilities, and legal interests that belonged to Rakesh Jhunjhunwala, the legendary Indian investor, after his passing in August 2022. It is managed by his wife Rekha Jhunjhunwala.

Rakesh Jhunjhunwala’s portfolio is a collection of 27 stocks with a net worth of over Rs 64,546.8 crore according to Trendlyne data.

Also Read: LIC’s tiny block deal in Rs 5 crore Modella Woollens. Check deal size
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Releated Posts

ECB’s Lagarde says 2% inflation target in reach

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now The European Central Bank’s inflation target…

ByByAjay jiJun 14, 2025

How to Calculate the Interest Coverage Ratio

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now Why the Interest Coverage Ratio Matters…

ByByAjay jiJun 14, 2025

F&O Talk| Nifty’s narrow range breaks on Iran-Israel tensions; 24,450–24,500 emerges as key support: Sudeep Shah

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now Markets remained under pressure and ended…

ByByAjay jiJun 14, 2025

Dalal Street Week Ahead: Technical indicators signal caution, not panic

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now An attempt to break out of…

ByByAjay jiJun 14, 2025

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top