Breakout in this share of Rakesh Jhunjhunwala, jumped up to 3% in one stroke – this rakesh jhunjhunwala stock witnesses a breakout; jumps over 3%!

New Delhi; Late veteran investor Rakesh Jhunjhunwala, who is called the Big Bull of the stock market, has created wealth worth crores by investing in the right stocks at the right time. Shares of Nazara Technologies Limited, a Gemind company included in his portfolio, have seen tremendous growth today. Shares of Nazara Technologies jumped up to 3.74% today. After this rally, shares of Nazara reached Rs 703.95 on BSE today. The intraday high and low stood at Rs 713.70 per scrip and Rs 675.05 per scrip. The scrip witnessed a huge jump of over 1.02 times in the volume. Today the firm has a market cap of Rs 4,664.28 crore on BSE.Nazara Technologies is India’s largest gaming and sports media platform. Along with India, it has presence in emerging and developed global markets including Africa and North America. Nazara Technologies creates interactive gaming, eSports and gamified learning environments.

Important Highlights of Q4FY23 (Consolidated)

Total sales in Q4FY23 were Rs 289.30 crore, representing a 65.21% YoY basis growth as compared to Q4FY22.
Operating profit for Q4FY23 grew 110.85% year-on-year over Q4FY22 at Rs 27.20 crore.
9.40 crore net profit for Q4FY23 is 91.83% higher than that of Q4FY22.

Important Highlights of FY23 ((Consolidated)

Total income in this fiscal was Rs 1,091 crore, up 75.40% year-on-year from FY22 as compared to FY2021.
EBITDA (Operating Profit) stood at Rs 101 crore, up 17.44% over FY22.
Profit after tax was Rs 61 crore, up 19.60% from FY22.

Late investor Rakesh Jhunjhunwala had bought 10.42% stake in Nazara Technologies. FII/FPI holding fell to 8.58% from 10.15% in the March 2023 quarter. The stock is showing strong buying sentiment. Because it has returned more than 37% in the last year. Investors should keep an eye on this small-cap digital entertainment stock.

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