The job cuts at the PokerBaazi parent firm comes after the government introduced a new online gaming law that has imposed a blanket ban on real-money games in the country.
Stocks to Watch, 01 September: Stocks like Torrent Power, NCC, PG Electroplast, BHEL, Popular Vehicles, EPACK Durable, Dharan Infra, Adani Power, Aurobindo Pharma, Classic Electrodes (India), Anondita Medicare, and Shivashrit Foods will be in focus on 01 September.
Gaming stocks: Nazara Tech shares have so far fallen over 26% in the past five days.
Nazara owns 46.07% stake in Moonshine Technologies Pvt, which operates the poker platform
Nazara Technologies’ shares fell after Lok Sabha passed a bill to ban pay-to-play online games, putting its Rs 805 crore PokerBaazi investment at risk.
Nazara Technologies’ shares fell after the Cabinet cleared a bill to ban pay-to-play online games, putting its Rs 805 crore PokerBaazi investment at risk.
The Promotion and Regulation of Online Gaming Bill 2025 aims to ban all types of pay-to-play online games, including games of skill as well as games of chance.
Prabhudas Lilladher recommended hold rating on Nazara Technologies with a target price of Rs 1345 in its research report dated August 13, 2025.
Stocks to Watch, 13 August: Stocks like Apollo Hospitals Enterprise, FSN E-Commerce Ventures Nykaa, Honasa Consumer, Suzlon Energy, Jindal Steel and Power, National Securities Depository (NSDL), NMDC, Landmark Cars, and Nazara Technologies will be in focus on August 13.
Nazara's Q1 growth was led by strong performances from its recent gaming acquisitions, Fusebox and Curve Games, as well as existing titles like Animal Jam.
Stan plans to use the funds raised to expand its presence in India and other mobile-first markets, and invest in AI-driven personalisation and creator tools.
Nazara Technologies recently announced that it will give up majority control of Nodwin Gaming to focus more on its core gaming business.
Nazara Technologies said the move to give up control of Nodwin Gaming is in line with its strategy to sharpen focus on core gaming IPs
Net Sales are expected to increase by 94.8 percent Y-o-Y (down 6.3 percent Q-o-Q) to Rs. 487.2 crore, according to Prabhudas Lilladher.
Stocks to Watch, 2 July: Stocks like HDB Financial Services, Hero MotoCorp, Sambhv Steel Tubes, Lupin, JSW Energy, Asian Paints, RITES, Paras Defence and Space Technologies, Maruti Suzuki India, and Hyundai Motor India will be in focus on July 2
Nazara's investment in Stan is part of the company's efforts to build a diversified, community-driven gaming ecosystem.
Stocks to watch, 16 June: Gujarat Themis Biosyn, Godrej Properties, Sun Pharmaceutical Industries, Belrise Industries, Syngene International, Natco Pharma, Vedanta, ITC, Eicher Motors, South Indian Bank, NTPC, Nazara Technologies, Scoda Tubes, Shalby, Jubilant Pharmova, Jubilant Foodworks, and Jubilant Ingrevia will be in focus on June 16.
Nazara Tech share price: This comes days after veteran investor Rekha Jhunjhunwala sold nearly 2 percent stake in the gaming company for Rs 218 crore.
Nazara Tech share price: Rekha Jhunjhunwala's stake in the gaming platform has now reduced to 5.07% from the earlier holding of 7.05% after the stake sale.
Prabhudas Lilladher recommended hold rating on Nazara Technologies with a target price of Rs 1241 in its research report dated May 27, 2025.
Nazara Tech Q4 results: The gaming firm's EBITDA meanwhile improved 74 percent on-year to Rs 51 crore during the quarter under review.
While each of these microcap stocks carries inherent risks, the current technical setup supported by the Heikin Ashi Multi-Time Frame alignment signals a potential for bullish breakouts.
Stocks to Watch, 21 May: Stocks like Gland Pharma, Dixon Technologies, KPR Mills, IRCON International, Nazara Technologies, Edelweiss Financial Services, Protean eGov Technologies, Axiscades Technologies, Accretion Pharmaceuticals, NHPC, United Spirits, Aster DM Healthcare, and Gujarat State Fertilizers & Chemicals will be in focus on May 21.