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Indian gaming and sports-media company Nazara Technologies was a successful IPO in 2021. How is it doing now? What are the future trends of its share price? In this article, we will discuss the main activities of Nazara Technologies, also key factors influencing the financial situation of this company, and other aspects that could ultimately impact investors’ decision of whether to buy or sell its stocks.

Smartphone gaming – illustrative photo. Image credit: Screen Post via Unsplash, free license
Table of Contents
What is Nazara Technologies? (Company profile)
Nazara Technologies is a mobile gaming company based in India. It was founded in 2000 and was a relatively small business at first, offering mobile content and value-added services to telecom operators in India. However, over the years, Nazara Technologies has evolved into a powerhouse in the mobile gaming space, with a presence in more than 60 countries around the world.
One of the key factors that sets Nazara Technologies apart from its competitors is its focus on esports. The company actively promotes esports in India and also hosts several major tournaments in partnership with other leading esports organizations.
Nazara Technologies also invests strongly in the development of new games, including applications that use augmented reality and virtual reality. Now, the enterprise owns a diverse portfolio of digital games and is building its future growth based on its focus on innovations in the gaming industry.

This graph illustrates Nazara Technologies share price trends as of 27 March 2023 (on a year-to-date basis). Image credit: Google
What are the prospects for Nazara Technologies share price?
After hitting a high in November 2021, the stock is currently going down. It had a slight rebound in August 2022. However, it has been on a downward course since then. Compared to its all-time high on October 4, 2021, the share price has dipped 70%.
On a year-to-date basis, Nazara’s stock price is down 18.73 percent. In the last year, it has shed over 37 percent of its total investment value.
There are, however, some promising market developments. Nazara acquired a 55 percent stake in Nodwin in 2018. Since then, Nodwin has diversified and is now a company that drives gaming engagement. It creates content around eSports and offers accessories.
Another acquisition of Nazara, Sportskeeda, is also supposed to grow over the next few years. Nazara has also acquired Wildworks, a game developer catering to kids aged 8-12 years. It is expected to grow in the future and solidify Nazara’s presence in the Gamefied learning segment.
According to expert comments, Nazara Technologies shares are an attractive buy. The company has a very low debt-to-equity ratio and consistent growth of profit, particularly over the last few quarters. Its price-to-earnings ratio, or its current share price relative to its per-share earnings, is the lowest since the initial public offering. Therefore, share price growth in the range of 10-20% could be expected in the nearest few week.
Furthermore, the gaming sector has been growing by 2-3 times over the last 3-4 years. Some estimates say that the market can expand up to 30% by the end of 2023. This would certainly positively influence Nazara’s revenue. If the trend will remain unchanged, the gaming industry is poised to triple or even quadruple over the next 4 years or sooner.
Final thoughts
Nazara Technologies operates in diverse gaming segments, geographies, and revenue streams. A pickup in gaming in India and price increases in Gamified learning mean that Nazara’s future prospects may be optimistic. Also, the global gaming industry does not show any signs of slowing down, which is another good sign for this company.
Written by Giedrius Pakalka and Alius Noreika
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