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 is Rs 916.05.

Nazara Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 7061.35 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 31-03-2024, the company reported a Consolidated Total Income of Rs 303.90 Crore, down -10.17 % from last quarter Total Income of Rs 338.30 Crore and up 2.15 % from last year same quarter Total Income of Rs 297.50 Crore. Company reported net profit after tax of Rs 2.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 16.43 per cent stake in the company as of 31-Mar-2024, while FIIs owned 9.44 per cent, DIIs 16.8 per cent.