Latest News
-
Stock Market Live Updates: Nifty Forecast To Lose Each Week; Infosys's ADR Dips 2.6% Over Night -
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable
Nazara Technologies To List On March 30: Will It Also See A Tepid Listing?
The first gaming firm to make its way to the Indian bourses in the grey market commanded a premium of 71% in comparison to the issue price of Rs.1101, indicating a decent listing.
The issue of Nazara Technologies that ran between March 17 and March 19 did not see participation by Rakesh Jhunjhunwala in the OFS who has a 10.82 percent stake in the firm.
Elara Capital that is bullish on the prospects of Nazara Technologies said the company has the first-mover advantage in case of eSports that is seen to witness an increased interest in the near term. At the same time, it said that concerns relating to freemium games including World Cricket Championship (WCC) remain owing to non-availability of monetisation opportunity in the country. Also, the firm does not have its presence in the real money gaming within gaming that offers an immense untapped opportunity.
Hem Securities' Astha Jain who said the issue to be aggressively priced, nevertheless valuations are just right given the huge opportunity the company has, and the growth it may see going ahead. Further she expects a strong listing for the firm and believes it to be a long term bet.
GoodReturns.in
