Rekha Jhunjhunwala sells nearly 2% stake in Nazara Technologies
Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, has sold a 1.98% stake in Nazara Technologies through open market transactions, according to a regulatory filing.
ADVERTISEMENT Between 2nd and 6th June 2025, Jhunjhunwala sold a total of 17,38,500 shares of Nazara Technologies on the NSE and BSE. This includes 13,10,552 shares sold from 2nd to 5th June, and another 4,27,948 shares sold on 6th June. Following the transaction, her stake in the company decreased from 7.06% to 5.07%, or 44,45,120 shares.
The sale was executed via open market transactions. The total equity share capital of Nazara Technologies stands at 8.76 crore shares with a face value of Rs 4 per share.
Nazara Technologies is a gaming and sports media company listed on the NSE and BSE.
Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside
The company reported a 95% year-on-year (YoY) rise in operating revenue to Rs 520.2 crore in Q4FY25, even as total expenses surged due to higher marketing and employee costs. Net profit for the quarter stood at Rs 4 crore, up from Rs 0.18 crore in the same period last year.
ADVERTISEMENT Expenses jumped 85% YoY to Rs 527.7 crore, led by a threefold increase in advertising and promotional spending at Rs 151.03 crore. Employee benefit expenses rose 80.7% to Rs 79.9 crore.The esports segment remained the top revenue contributor with a 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, while the adtech division also posted gains.
ADVERTISEMENT For FY25, operating revenue grew 42.6% to Rs 1,623.9 crore, but net profit declined 31.8% to Rs 50.9 crore. The company recorded its highest-ever annual EBITDA at Rs 153.5 crore.
Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4
According to Trendlyne, the average target price for Nazara Technologies is Rs 1,093, indicating a downside of nearly 14% from current levels. Of the 11 analysts tracking the stock, the consensus rating is 'Hold'.
ADVERTISEMENT At 11:13 pm, the stock was trading 0.7% higher at Rs 1,276.5 on the BSE. Nazara Technologies has rallied 37% over the past three months and is up 103% in the last two years. Its current market capitalisation stands at Rs 11,184 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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