Nazara Technologies’ shares rally over 12%, snap four-day losing streak

At around 2:30 pm, the stock was trading 9.64% higher at ₹249.70 per equity share.

The scrip has gained nearly 2% in the past week but lost approximately 4% over the month. On a year-to-date basis, it has fallen by over 1%.

While the share reached a 52-week high of ₹363.25 apiece on August 13, 2025, it touched a year’s low of ₹219.06 on January 14, 2025.

On the BSE, the stock was trading 9.54% higher at ₹249.10 per equity share at the time of writing.

Promoter shareholding

According to data on the BSE, the promoter and promoter group held a 35.46% stake in Nazara Tech in the quarter ended September 30, 2025, marking a jump from 8.31% in the June quarter of FY26.

Q2 Result

The company posted a consolidated net loss of ₹33.93 crore during the second quarter of FY26, compared to a profit of ₹16.24 crore in the year-ago period.

The firm said that the loss was caused by a one-time impairment of ₹914.70 crore on its investment in associate company Moonshine Technologies, which operates PokerBaazi, due to the prohibition on offering online money games following the enactment of the Promotion and Regulation of Online Gaming Act, 2025.

“Nazara’s stake in Nodwin Gaming reduced below 50%, resulting in the de-subsidiarization of the business. Consequently, Nazara measured its retained stake in Nodwin Gaming at fair value, leading to a one-time gain,” Nazara Tech had said in a regulatory filing.

Its revenue from operations advanced by 65.06% annually to ₹526.46 crore during the quarter under review, as against ₹318.94 crore in the September quarter of FY25.

Its EBITDA increased by 146.4% YoY to ₹62 crore in Q2FY26, from ₹25.2 crore in the corresponding period of the previous fiscal year. Its margin expanded by 390 basis points (bps) annually to 11.8% from 7.9%.

Nazara Technologies has a total market capitalisation of ₹9,243.10 crore, as of December 23, 2025, according to data on the NSE.