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What should investors do, post Nazara Technologies' sizzling debut?

The scarcity of listed tech companies, strong growth outlook, and affiliation with Krafton mean that Nazara is likely to benefit from the buoyed investor sentiment

March 31, 2021 / 09:16 PM IST
What should investors do, post Nazara Technologies' sizzling debut?

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

Recent IPO listings have been quite disappointing for investors. However, the gaming company Nazara Technologies bucked the listing trend seen on exchanges in the past couple of weeks. The stock debuted 80 percent higher at the opening bell, but failed to hold onto its sizzle and ended the day with a gain of 43 percent, compared to the IPO price of Rs 1,101. What should investors do hereon? Nazara Technologies is an India-based gaming and sports media platform, with presence in...

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