NAZARA TECHNOLOGIES Plunges 8%; BSE IT Index Down 0.3%
Thu, 21 Aug 10:8
Image source: Ivcandy/www.istockphoto.comNAZARA TECHNOLOGIES share price has plunged 8% and is presently trading at Rs 1,115.3.
Meanwhile, the BSE IT index is at 34,922.3 (down 0.3%).
Among the top losers in the BSE IT index today are Coforge (down 1.2%) and Mastek (down 1.1%).
HAPPIEST MINDS TECHNOLOGIES (up 6.2%) and INDIAMART INTERMESH (up 1.8%) are among the top gainers today.
Over the last one year, NAZARA TECHNOLOGIES has moved up from Rs 938.6 to Rs 1,115.3, registering a gain of Rs 176.8 (up 18.8%).
On the other hand, the BSE IT index has moved down from 41,900.3 to 34,922.3, registering a loss of 16.7% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 41.3%), Sonata Software (down 40.2%) and Birlasoft (down 38.8%).
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What About the Benchmark Indices?
The BSE Sensex is at 82,121.2 (up 0.3%).
The top gainers among the BSE Sensex today are Bajaj Finserv (up 1.5%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Eternal Ltd.
In the meantime, NSE Nifty is at 25,127.8 (up 0.3%). SBI LIFE INSURANCE and Bajaj Finserv are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 80,424.7 to 82,121.2, registering a gain of 1,696.5 points (up 2.1%).
NAZARA TECHNOLOGIES Financial Update...
NAZARA TECHNOLOGIES net profit grew 149.8% YoY to Rs 607 million for the quarter ended June 2025, compared to a profit of Rs 243 million a year ago. Net sales rose 99.4% to Rs 4,988 million during the period as against Rs 2,501 million in April-June 2024.
For the year ended March 2024, NAZARA TECHNOLOGIES reported 41.1% increase in net profit to Rs 895 million compared to net profit of Rs 634 million during FY23. Revenue of the company grew 4.3% to Rs 11,383 million during FY24.
The current Price to earnings ratio of NAZARA TECHNOLOGIES, based on rolling 12 month earnings, stands at 91.2.
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