Nazara has a 'nazar' on old highs and may aim to create new ones
Nazara Technologies Ltd. is the leading Indian diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America. It offers interactive gaming, eSports and gamified early learning ecosystems. Nazara Technologies CMP is 813.60.
The Negative aspects of the company are High Valuation (P.E. = 99.4), Declining cash from operations, MFs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 828. Targets in the stock will be 865 and 900. The long-term target in the stock will be 929. Stop loss in the stock should be maintained at Closing below 751.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
The Negative aspects of the company are High Valuation (P.E. = 99.4), Declining cash from operations, MFs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 828. Targets in the stock will be 865 and 900. The long-term target in the stock will be 929. Stop loss in the stock should be maintained at Closing below 751.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
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