Buy Nazara Technologies, target price Rs 911: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Nazara Technologies with a target price of Rs 911. The current market price of Nazara Technologies is Rs 644.9. Time period given by analyst is one year when Nazara Technologies Ltd. price can reach defined target.

Nazara Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 4216.32 Crore) operating in Services sector.

Nazara Technologies Ltd. key Products/Revenue Segments include Income from Entertainment & Investment Business and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 229.70 Crore, up 24.36 % from last quarter Total Income of Rs 184.70 Crore and up 68.77 % from last year same quarter Total Income of Rs 136.10 Crore. Company reported net profit after tax of Rs 16.50 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 57.6 per cent stake in the company as of 30-Jun-2022, while FIIs owned 30.45 per cent, DIIs 16.47 per cent.