Shares of Nazara Technologies Ltd have risen 67% from their 52-week low in last nine months. Nazara Technologies stock fell to a yearly low of Rs 481.95 on March 20, 2023. It ended 0.91% higher at Rs 804.50 in the previous session, delivering 67.16% gains during the period.
“In the medium to long term, we are aiming to get our gaming margins above 25%. The right range is 25-30% and that is what we will keep striving for. Our e-Sports business remains a strategic business for us, therefore, our focus is not so much on margin expansion but building strategic moats.”
The Nazara Technologies stock has given a return of 42.68 percent over the last six months. The benchmark Nifty50 index has given a return of 6.45 percent over the same duration.
Nazara Technologies plans to launch up to 20 games across mobile, web3, VR and PC over the next 18 months, with a minimum investment of Rs 1 crore per game.