Shares of Nazara Technologies and Delta Corp rise as the GST Council plans to review its decision to impose a 28% tax on online gaming. The ministry of electronics and IT will ask for a reevaluation of the tax after the regulatory framework for online gaming rules is developed.
ICICI Securities has flagged 12 counters from the microcap universe of 80 stocks that offer viable investment options with cheaper valuations and scope for expansion in risk tolerance. The brokerage firm s report, however, cautioned investors about the liquidity risks in the microcap space. Stocks picked by ICICI Securities include Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Isgec Heavy Engineering, Fusion Micro Finance, Repco Home Finance and Tatva Chintan. The minimum quality standards include the RoE being upwards of 10% and the earnings yield being greater than the 10-year government bond yield.
Based on research, ICICI Securities analysts have listed four new-age tech stocks as its top picks: Delhivery, IndiaMart, Just Dial and Nazara Technologies
Gaming and sports media platform Nazara Technologies on Wednesday announced that its board has approved a preferential allotment of fresh equity to raise Rs 315.30 crore from marquee institutional investors.