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    543280   INE418L01021

NAZARA TECHNOLOGIES LIMITED

(543280)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-08-11
643.10 INR   -2.35%
08/01NAZARA TECHNOLOGIES : Recording of Analysts/Institutional Investor Meet/Con. Call
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07/31TRANSCRIPT : Nazara Technologies Limited, Q1 2023 Earnings Call, Aug 01, 2022
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07/29Nazara Technologies Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
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Indian shares hit over two-week high on tech, metal boost

06/27/2022 | 01:16am EDT

BENGALURU, June 27 (Reuters) - Indian shares rose on Monday to their highest in more than two weeks, with technology and metal stocks leading the gains, as easing oil prices tempered inflation fears.

The NSE Nifty 50 index rose 1.2% to 15,887.15, as of 0500 GMT, and the S&P BSE Sensex climbed 1.16% to 53,340.36, on track for a third straight session of gains.

Broader Asian peers also advanced after major Wall Street indexes posted sharp gains on Friday, as oil slid on demand worries, easing fears of prolonged inflation and aggressive tightening by the U.S. Federal Reserve.

"With commodities going down sharply, there is expectation that the Fed might not be as aggressive on policy, and that has alleviated recession fears," said Aishvarya Dadheech, a fund manager at Ambit Asset Management in Mumbai.

"But this is just a ray of hope in a tough time which investors are latching on to. Unless there is better clarity on inflation in the coming months, markets will remain on the sidelines."

The Nifty IT index was the best performing sub-index in Mumbai, jumping nearly 3% to its highest since June 10, boosted by a 2.8% rise in heavyweight Infosys.

The Nifty Metal index, which has fallen sharply so far this month, rose as much as 2.8%. Hindalco Industries was the best performer on the Nifty 50, advancing up to 4.9%.

Food delivery firm Zomato slid as much as 5.7%, after rising 3.1% in early trade following a deal to buy local grocery-delivery startup Blinkit for 44.47 billion rupees ($567.94 million).

Welspun Corp jumped 4.8% after the steel products maker said it got orders worth 6 billion rupees.

Gaming platform Nazara Technologies surged 7.1% to its highest in nearly seven weeks after it said it would buy a stake in sports media company Absolute Sports. ($1 = 78.3000 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Amy Caren Daniel and Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.45% 0.70839 Delayed Quote.-1.91%
BRITISH POUND / US DOLLAR (GBP/USD) -0.08% 1.21102 Delayed Quote.-10.34%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.14% 0.78106 Delayed Quote.-1.09%
EURO / US DOLLAR (EUR/USD) -0.07% 1.02428 Delayed Quote.-9.82%
HINDALCO INDUSTRIES LIMITED 0.60% 436.1 End-of-day quote.-8.31%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.01% 0.012561 Delayed Quote.-6.47%
INFOSYS LIMITED -1.60% 1594.1 Delayed Quote.-15.56%
LONDON BRENT OIL -0.51% 97.09 Delayed Quote.27.42%
NAZARA TECHNOLOGIES LIMITED -2.35% 643.1 End-of-day quote.-43.93%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.50% 0.64133 Delayed Quote.-5.60%
NIFTY 50 0.22% 17698.15 Delayed Quote.1.98%
NIFTY IT -1.15% 29885.9 Delayed Quote.-22.78%
SENSEX BSE30 0.22% 59462.78 Real-time Quote.2.08%
WELSPUN CORP LIMITED 1.66% 211.7 End-of-day quote.18.67%
WTI -0.58% 91.11 Delayed Quote.24.73%
ZOMATO LIMITED 6.65% 61.75 Delayed Quote.-55.06%
All news about NAZARA TECHNOLOGIES LIMITED
08/01NAZARA TECHNOLOGIES : Recording of Analysts/Institutional Investor Meet/Con. Call
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07/31TRANSCRIPT : Nazara Technologies Limited, Q1 2023 Earnings Call, Aug 01, 2022
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06/27Nazara Technologies Signs Share Purchase Agreement to Acquire 1% Stake in Arm
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More news
Financials
Sales 2022 6 235 M 78,3 M 78,3 M
Net income 2022 369 M 4,63 M 4,63 M
Net cash 2022 4 207 M 52,8 M 52,8 M
P/E ratio 2022 114x
Yield 2022 -
Capitalization 42 287 M 531 M 531 M
EV / Sales 2022 6,11x
EV / Sales 2023 3,62x
Nbr of Employees 83
Free-Float 35,7%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 643,10 INR
Average target price 826,33 INR
Spread / Average Target 28,5%
EPS Revisions
Managers and Directors
Nitish Vikash Mittersain Director & Co-Managing Director
Vikash Pratapchand Mittersain Chairman & Co-Managing Director
Manish Agarwal Chief Executive Officer
Rakesh Shah Chief Financial Officer
Pravesh Palod Secretary & Compliance Officer
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