Shares of Nazara Technologies rose again in the Wednesday market, extending their gains again for the fourth day. The stock is currently trading at ₹634.75 on the Bombay Stock Exchange (BSE) and is trading at ₹634.50 on National Stock Exchange (NSE), up by around 3.6% today.
The net profit of Nazara Technologies rose 76% to ₹18 crores in the quarter that ended December 2022 as against ₹10 crores during the previous quarter that ended December 2021. Sales rose 69.4% to ₹314.8 crore in the quarter that ended December 2022 as against ₹186 crore during the previous quarter that ended December 2021.
“In this quarter, it is heartening to see our flagship product for young children ‘Kiddopia’ come back onto a growth path as well as our recent acquisition Datawrkz deliver strong organic growth of around 55 percent YoY,” said Nitish Mittersain, Founder, CEO & Jt MD of Nazara Tech.
At today’s high price of ₹651, the stock has gained 11.3% in four days. Nazara Tech has gained 34.5% from its low of ₹484, hit on 22nd June last year.
