Rekha Jhunjhunwala sells 3.6% Nazara Technologies stake, stock rises over 3%

Shares of Nazara Technologies were trading at a day’s high of ₹1,270 apiece, surging 3.36% on the National Stock Exchange (NSE), after data showed that veteran investor Rekha Jhunjhunwala sold a 3.6% stake in the gaming company.

Jhunjhunwala sold 12,36,500 shares, divesting about 1.4% stake in the gaming and esports firm, on June 9 and 10, 2025, according to a regulatory filing.

She had previously sold 17.39 lakh (or 17,38,500) shares, a stake of 1.98%, between June 2 and June 6. The data shows a sale of 13.11 lakh shares from June 2 to June 5 and an additional sale of 4.28 lakh shares on June 6.

This sale has now halved Rekha Jhunjhunwala’s stake in Nazara Technologies to 3.66% from the previous 7.06% (61.84 lakh shares).

Rekha Jhunjunwala sold the shares as an executor to the estate of the late Rakesh Jhunjunwala, who was an early investor in Nazara Technologies.

Nazara Technologies Q4 results

Nazara Technologies reported a significant surge in its consolidated net profit to ₹4 crore in the March FY25 quarter, compared to ₹0.18 crore in the corresponding period last fiscal year. However, on a sequential basis, the profit shrank 54.8% from ₹8.85 crore in the Q3FY25.

The company’s revenue from operations stood at ₹520.2 crore in the quarter under review, jumping 95.04% YoY from ₹266.1 crore in Q4FY25.

Nazara Technologies' stock performance

The shares of Nazara Technologies fell 4.4% over the past week and 1.4% since the beginning of June. However, the stock has surged 34.7% over the last two months and 25.97% year-to-date.

It reached a 52-week peak of ₹1,326.50 on May 23, 2025, and a low of ₹787.90 on June 11, 2024. The share closed in the red at ₹1,273.9, down 0.62% on Wednesday.

Nazara Technologies has a total market capitalisation of ₹11,183.34 crore, as of June 11, 2025, on the NSE.