March 23, 2023 11:29 AM IST

Nazara Tech up 3% on Pro Football Network acquisition

The gaming and sports media platform announced that its subsidiary Absolute Sports (Sportskeeda) signed an agreement to acquire a 73.27 percent stake in Pro Football Network LLC (PFN), a source of coverage and analysis of the US National Football League (NFL) and college football, for Rs 16 crore.

Nazara subsidiary Sportskeeda buys Pro Football Network to bolster its US presence

Pro Football Network's acquisition marks the beginning of Sportskeeda's journey in creating a comprehensive portfolio of sports media brands, said CEO Ajay Pratap Singh.

Nazara tech swings from 3-day losing streak; ICICI starts coverage with 44% upside

The brokerage initiated coverage on Nazara Tech at a target price of Rs 700, implying a 44 percent upside potential driven by strong growth in eSports segment and gradual improvement in Gamified early learning segment.

SVB fallout: Nazara Tech's subsidiaries transfer most of its cash deposits to external bank accounts

Nazara Technologies had earlier disclosed that Kiddopia Inc and Mediawrkz Inc held an cumulative cash balance of $7.75 million at the crisis-hit bank that suddenly collapsed late last week.

SVB fallout: Nazara Tech to further diversify its cash reserves, says CEO

Nazara Technologies disclosed on March 12 that two of its step down subsidiaries operating in the United States - Kiddopia Inc and Mediawrkz Inc - held an cumulative cash balance of $7.75 million in the Silicon Valley Bank (SVB)

Nazara Tech shares crash 7% on links with crisis-hit Silicon Valley Bank

The cash balances held at SVB by the subsidiaries of Nazara Technologies cumulatively account for $7.75 million (approximately Rs 64 crore). SVB is is currently under the receivership of the Federal Deposit Insurance Corporation (FDIC).

Nazara Technologies: Niche businesses with exciting growth prospects

Investments in new growth initiatives took a toll on Nodwin’s operating margins

Buy Nazara Technologies; target of Rs 898: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Nazara Technologies has recommended buy rating on the stock with a target price of Rs 898 in its research report dated January 28, 2023.

Nazara Consolidated December 2022 Net Sales at Rs 314.80 crore, up 69.43% Y-o-Y

Nazara Standalone December 2022 Net Sales at Rs 5.80 crore, down 7.94% Y-o-Y

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

Nazara's Sportskeeda appoints Ajay Pratap Singh as CEO; founder Porush Jain resigns

Nazara Technologies' recently appointed COO Sudhir Kamath will also join Sportskeeda's board as a non-executive director.

Buy Nazara Technologies; target of Rs 1012: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Nazara Technologies has recommended buy rating on the stock with a target price of Rs 1012 in its research report dated October 21, 2022.

We're very focused on scaling up our existing verticals: Nazara founder Nitish Mittersain

The recent Tamil Nadu gambling ban will result in a revenue hit, but the impact will be limited, said Nitish Mittersain

Nazara Technologies to acquire 6.05% in Absolute Sports for Rs 20 crore

Since Absolute Sports is a material subsidiary of Nazara Tech, the acquisition would fall under related party transactions

Nazara Consolidated September 2022 Net Sales at Rs 263.80 crore, up 103.55% Y-o-Y

Nazara Standalone September 2022 Net Sales at Rs 6.30 crore, up 50% Y-o-Y

Nazara Technologies CEO Manish Agarwal to step down

Nazara founder Nitish Mittersain will be taking over as the chief executive officer from December 1

Nazara Technologies Q2 PAT seen up 17.3% YoY to Rs. 11.8 cr: Prabhudas Lilladher

Net Sales are expected to increase by 75 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 226.8 crore, according to Prabhudas Lilladher.

Trade Spotlight | What should you do with KEC International, Navin Fluorine, Nazara Technologies on Tuesday?

KEC International jumped more than 9 percent to Rs 443.3, forming large bullish candle on the daily charts with strong volumes after a month long consolidation. It has seen a gap up opening on Monday and intraday climbed above the high of previous big red candle seen on August 5.

Game on for Nazara: Stock gains for third straight session on Google Play boost

Google’s one-year pilot for fantasy sports and rummy apps boosts Nazara’s share price

Trade Spotlight | What should you do with Nazara Technologies, Max Healthcare Institute, Radico Khaitan on Monday?

Radico Khaitan was also in focus, rising 4.5 percent to Rs 1,066.6 and forming bullish candle on the daily charts with double the average volumes. The candle has also seen a breakout of long downward sloping resistance trendline adjoining January 1 and August 25 this year.

Buy Nazara Technologies; target of Rs 1031: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Nazara Technologies has recommended buy rating on the stock with a target price of Rs 1031 in its research report dated September 01, 2022.

Nazara Tech acquires US firm for $10.4 million, stock rises 2%

The company in a release said it has acquired US children’s interactive entertainment company WildWorks. Nazara will acquire 100 percent of the company and its IP from existing shareholders in an all-cash transaction.

Nazara Technologies buys US gamification platform WildWorks for $10.4 million

WildWorks is a game development studio focused on gamified early learning for 8-12-year-olds.