Shares of Nazara Applied sciences Restricted jumped sharply on 15 Could, touching an intraday excessive of Rs 314 on NSE, a acquire of practically 16% on the session peak, after reviews emerged that Zerodha co-founder Nikhil Kamath had picked up a stake within the Mumbai-based gaming firm by way of block offers.
The block offers had been the set off. Early within the session, 1.82 crore shares modified fingers at Rs 266 per share throughout two transactions, collectively value Rs 486.10 crore. That works out to roughly 4.9% of Nazara’s complete fairness altering fingers in a single morning.
Sources informed CNBC-TV18 that Kamath and current shareholder Axana Estates had been the probably consumers, whereas founder and Joint MD Nitish Mittersain was the probably vendor.
Buyers reacted positively to reviews of Kamath’s entry, and the inventory rallied sharply after the deal particulars surfaced.
It’s value noting that Axana Estates already held a 5.4% stake within the firm as of March 2026, so this seems to be a rise in place somewhat than a contemporary entry.
The block deal got here a day after Nazara reported its Q4FY26 numbers. Quarterly revenue practically tripled yr on yr to Rs 46.96 crore from Rs 15.86 crore. EBITDA greater than doubled to Rs 74 crore, with margins leaping to 18.6% from simply 6.7% a yr earlier.
Income got here in at Rs 397.78 crore for the quarter, decrease yr on yr, largely as a result of NODWIN Gaming was deconsolidated from the books.
On the expansion entrance, Mittersain informed CNBC-TV18 earlier this week that Nazara is concentrating on 15-20% natural progress in FY27, with administration anticipating margins within the core gaming enterprise to rise to round 25% by year-end from 19.5% within the March quarter.
At 14:41 pm on NSE, shares had been buying and selling up by 11.45% at Rs 296.45. The inventory has gained about 20% over the previous month and 10.41% yr up to now. Its 52-week vary sits between Rs 215.70 and Rs 363.25.
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