Manish Agarwal Portfolio After hitting a 52-week low in June 2022, Nazara Technologies shares have been trending upwards and the stock has almost recovered. up to 475 each level 775 per share level in these three months with a gain of about 65 percent in this time. This stock in Manish Aggarwal’s portfolio has risen almost in the last one month. from 640 775 per level, climbing over 20 percent in this period.
According to Share Market If experts are to be believed, this stock of Manish Aggarwal is in bullish momentum and the stock has recently given a ‘swing high breakout’. Stock is currently facing hurdles 830 each level and once it remains above this level based on the close, it may go up 900 and then 950 each level in the medium term. He added that the company has managed to beat the market estimates in Q1FY23 and is now ready to reward the recent acquisitions made by the companies. He added that the Central Bank of India’s cooling of its harsh stance on interest rate hike will also help the company as the acquisition rate is going to be cheaper in view of the change in RBI’s stance from ‘hawkish’ to ‘mild hawkish’. . ,
Nazra Technologies Share Price Outlook
Speaking on the share price outlook of Nazara Technologies, Ravi Singhal, CEO, GCL Securities said, “Nazara Technologies has surpassed Dalal Street estimates in Q1FY23 results and the market is now rewarding this tech company for its recent acquisition. Now, the Reserve Bank of India changed its stance from hawkish to mild hawkish, which means that the company’s merger and acquisition plans in the pipeline are going to be cheaper and it will help the company increase its command in the online gaming and hospitality market. Will help too.
Sumeet Bagadiya, Executive Director, Choice Broking, recommends ‘Dips on Dips’ strategy in Nazara Technologies shares saying, “Nazara Technologies share price has given an upside swing high breakout. 720 level and the stock is now getting strong support 720 per share level. On the upside, this tech stock is facing hurdles at the 200 DMA 830 levels. Once the stock manages to break this resistance, Nazara Technologies shares are expected to move to 900 more 950 per share level respectively.” He advised investors to buy at current levels and keep depositing till the stock trades above. 720 levels. He also advised investors to maintain strict stop loss on 720 levels.
Manish Aggarwal’s stake in Nazara Technologies
As per the shareholding pattern of Nazara Technologies for the quarter April to June 2022, Manish Agarwal holds 7,55,386 shares, which is 1.15 per cent of the total paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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