Buy Nazara Technologies, target price Rs 1080: ICICI Securities

ICICI Securities has buy call on Nazara Technologies with a target price of Rs 1080. The current market price of Nazara Technologies Ltd. is Rs 868.1.

Nazara Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6377.47 Crore) operating in Services sector.

Nazara Technologies Ltd. key Products/Revenue Segments include Other Operating Revenue and Income from Entertainment & Investment Business for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 309.54 Crore, up 16.29 % from last quarter Total Income of Rs 266.17 Crore and up 7.85 % from last year same quarter Total Income of Rs 287.00 Crore. Company reported net profit after tax of Rs 24.18 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 19.01 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.97 per cent, DIIs 9.11 per cent.