Nazara Tech’s share may fall by 30%
The government has enacted a new law to rein in online game players and those who run such platforms. The name of this law is online gaming bill 2025, which was passed in the Lok Sabha on Wednesday. Now under this law, if any online gaming platform takes a real money from the people, then direct action will be taken on it. Whether it is played with the mind or luck, everyone will have the same strictness. The bill has such a strict provision that the police or investigating agency can now search and arrest someone’s office or house without a warrant. The government will also get the right to check the system, computer or mobile related to online gaming anywhere in the country.
The most direct hit of this law is on India’s lonely listed gaming company Darsara Tech. As soon as the news of the law passed, the shares of the view of the view in the stock market fell badly on Wednesday. The company’s stock fell nearly 13 per cent to close at ₹ 1,220. This decline was shared around Rs 170 per Rs 170 in a day, which caused a big loss to not only small investors, but also to big veterans. According to a report by money control, this decline may increase further today and in a few days the stock can go down to 30 percent. In such a situation, if you have bought shares of this company, you need to be alert.
Darshan’s ‘hidden’ stake became trouble
If you look at the paper, the view Tech has no direct to do with the real money gaming i.e. the games played with real money. But in the year 2024, Nazara bought around 47.7 percent stake in Moonshine Technology, a gaming app named Pokarbaji. Now this stake has come down to 46.07 percent, the current price of which is around Rs 805 crore. Darsara Tech says that this is just an investment, the company itself does not run real money gaming. But since such stake in the law can also be affected, there is a fear in the market.
The company’s investment is in danger
The firms, who keep an eye on the stock market, say that till now the view was putting on a big bet on poker. This is the reason why this app had an important role in the company’s share price. Prabhudas Liladhar has said that if this gaming business is banned, then the view may have to be considered as right-off. He had earlier described the target of ₹ 1,345, out of which about 35% value was related to poker. If this part is removed then the stock can fall to ₹ 917. Chola Securities expert Dharmesh Kant also said that the value of the company could fall by 25 to 30 percent.
Big investors also shock
Not only the common people, but also two big investors of the country are investing money in the view. Nikhil Kamat, who is the co-founder of Zerodha, has more than 1.5 million shares of view Tech. On Wednesday, the price of these shares fell by about Rs 26 crore. At the same time, the company also has around 11 lakh shares near the well-known investor Madhusudan Banana. The price of his holding has decreased by more than Rs 19 crore. It is clear from the damage to these big names that the effect of this decline is very deep.
Now what should investors do?
After the new government’s new law, a crisis has arisen on the real money gaming industry. The view should not be included directly in this business, but its large stake is in a company that can come under this law. Therefore, the stock market experts recommend that this stock should be taken carefully. Till the clear picture is revealed, it can be prudent to stay away from this stock.