Rakesh Jhunjhunwala Portfolio Shares of Nazra Technologies are one of the stocks in Rakesh Jhunjhunwala that is down more than 10 per cent from its 52-week high. Despite the selling pressure last week, the Big Bull-owned stock has delivered 8.50 per cent returns and market experts are viewing the recent decline as a buying opportunity for medium- to long-term investors. He said the company is nearly debt-free and can appreciate ₹2100 each surpassed its current 52-week high ₹2024.90 per stock level.
Speaking on the Rakesh Jhunjhunwala Stock Outlook; Rahul Sharma, Co-Founder, Equity99 said, “Nazara Technologies has reduced its debt and is now almost debt free. Its PAT (Profit After Tax) has grown at a CAGR of 50 per cent in the last 3 years. FY21 The company’s liabilities days were reduced from 100 days to 55 days during the period and the company reported the highest ever cash equivalent balance ₹372 crore, which shows great liquidity. The company counts reputed funds and individual investors including IIFL, Rakesh Jhunjhunwala and Utpal Sheth as its investors. Also, FIIs increased their stake from 6.02 per cent to 8.96 per cent in the June 2021 quarter.”
echoing the thoughts of Rahul Sharma; Santosh Meena, Head of Research, Swastika Investmart Ltd said, “Nazara Technology is the first of its kind listed company in India, having IP and asset rights in grassroots, regional, national and international e-sports and online gaming. The business is expected to grow strongly and is extremely popular among millennials.The company adopts the strategy of acquiring good business and merging them with its own company and also gives a seat to the management of the target company on the board. The company’s focus on inorganic growth and favorable macro-economic and demographic drivers will help the company grow at a significant pace. prices.” He added that Nazara Technologies is the only listed gaming company in India with a scalable business model. The company does not have any listed players, so the near future will see attractive buying from institutional investors.
When asked about Rakesh Jhunjhunwala’s investment strategy with respect to this stock; Rahul Sharma of Equity99 said, “This counter can be bought for medium to long term target ₹Maintaining a tight stop loss at 2100 ₹1630.”
Rakesh Jhunjhunwala’s stake in Nazra Technologies
As per the shareholding pattern of this tech company for the quarter April to June 2021, Big Bull holds 32,94,310 shares of this company, which is approximately 10.82 per cent of the total shares 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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