Nazara Tech Surges 16% as Nikhil Kamath Picks Up Stake
Shares of Nazara Technologies Limited jumped sharply on 15 May, touching an intraday high of Rs 314 on NSE, a gain of nearly 16% at the session peak, after reports emerged that Zerodha co-founder Nikhil Kamath had picked up a stake in the Mumbai-based gaming company through block deals. The... The post Nazara Tech Surges 16% as Nikhil Kamath Picks Up Stake appeared first on Equitypandit.
Shares of Nazara Technologies Limited jumped sharply on 15 May, touching an intraday high of Rs 314 on NSE, a gain of nearly 16% at the session peak, after reports emerged that Zerodha co-founder Nikhil Kamath had picked up a stake in the Mumbai-based gaming company through block deals.
The block deals were the trigger. Early in the session, 1.82 crore shares changed hands at Rs 266 per share across two transactions, together worth Rs 486.10 crore. That works out to roughly 4.9% of Nazara’s total equity changing hands in a single morning.
Sources told CNBC-TV18 that Kamath and existing shareholder Axana Estates were the likely buyers, while founder and Joint MD Nitish Mittersain was the likely seller.
Investors reacted positively to reports of Kamath’s entry, and the stock rallied sharply after the deal details surfaced.
It is worth noting that Axana Estates already held a 5.4% stake in the company as of March 2026, so this appears to be an increase in position rather than a fresh entry.
The block deal came a day after Nazara reported its Q4FY26 numbers. Quarterly profit nearly tripled year on year to Rs 46.96 crore from Rs 15.86 crore. EBITDA more than doubled to Rs 74 crore, with margins jumping to 18.6% from just 6.7% a year earlier.
Revenue came in at Rs 397.78 crore for the quarter, lower year on year, largely because NODWIN Gaming was deconsolidated from the books.
On the growth front, Mittersain told CNBC-TV18 earlier this week that Nazara is targeting 15-20% organic growth in FY27, with management expecting margins in the core gaming business to rise to around 25% by year-end from 19.5% in the March quarter.
At 14:41 pm on NSE, shares were trading up by 11.45% at Rs 296.45. The stock has gained about 20% over the past month and 10.41% year to date. Its 52-week range sits between Rs 215.70 and Rs 363.25.
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The post Nazara Tech Surges 16% as Nikhil Kamath Picks Up Stake appeared first on Equitypandit.
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