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Nazara Technologies: Q2 has all the fireworks, but investors not moved

The gaming company’s operational performance has been consistent over the past few quarters, but the change in the macro landscape is a challenge

November 23, 2022 / 04:55 PM IST
Nazara Technologies: Q2 has all the fireworks, but investors not moved

Representative image (Pexels)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Esports and Datawrkz drove growth in H1FY23 Another disappointing quarter for Gamified learning Tamil Nadu has banned online gaming since October 2022 M&A initiatives to drive inorganic growth Stock down more than 60 percent from all-time highs Gaming company Nazara Technologies posted blockbuster results in Q2FY23, which indicated an accelerating top-line growth with a nearly a two-fold rise in revenue from last year. The company is poised to sustain the earnings momentum due to a number of big-ticket gaming events lined up in the second...

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