Nazara Technologies Share: The shares of Gaming Sector Giants Nazara Technologies are giving a big blow to investors by falling 24% in two days. The fall of 13% on Wednesday and 11% on Thursday has raised concerns in the market. Know what experts are saying …
Nazara share price: The views have not been less than a bad dream for those investing in the share of technologies. This stock saw heavy selling pressure in this stock for the second consecutive day. On Thursday morning (August 21) NSE, the stock broke up to 11% to a low of 1,085. At 9:45 am, the stock was trading below 10.28% at Rs 1,094. Whereas on Wednesday, it fell 13% on Wednesday. That is, in only two trading sessions, the company’s stock collapsed by about 24%. The stock broke up to 22.5% in just two sessions, which has increased the concern of investors.
Why is Nazara Technologies Share falling?
The main reason for falling this stock is the online gaming regulation bill introduced by the government 2025. In this bill passed by the Lok Sabha on August 20, the online money game was banned. Gaming category e-sports, educational gaming, social and casual gaming and real money gaming have been distributed. Of these, Real Money Gaming has been declared a criminal offense. Darsara has made it clear that no part of her earnings comes from RMG, yet there is a fear in the market as the company’s 46.07% stake is in Moonshine Technologies running Pokerbaazi.
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Nazara Share Price Target
Darsara has invested Rs 805 crore in Moonshine with cash and stock and has also kept convertible shares worth Rs 255 crore. Brokerage firm ICICI Securities gave the stock a redus rating and reduced the target price from Rs 1,500 to Rs 1,100. ICICI says that the value of Moonshine can be reduced from Rs 400 to zero from RMG ban.
View share technical analysis
The company’s stock broke support of Rs 1,220 and can now try to stable in the range of Rs 1,100–980. This is like a warning for traders. According to experts, there may also be opportunities for long -term investors, as a zone of Rs 1,000–980 is considered a strong demand area.
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Disclaimer: This article is only for information. Do not consider the information given here as an investment advice. Investment in the stock market is subject to risks. Be sure to consult your financial advisor before investment.