By S. JHA
Ahead of Board meeting, shares of Nazara Technologies are trading firm with sharp gains
Mumbai, July 31, 2026 — Shares of Nazara Technologies Ltd rallied 7.7% in trade on Friday, July 31, extending a run of investor interest in India’s only publicly listed gaming and sports-media company. According to live pricing tracked on Rediff Money, the counter’s move puts it firmly among the day’s notable gainers on both the NSE and BSE.
The rally comes on the back of a concrete corporate action rather than pure sentiment. According to data compiled by Screener, Nazara allotted 1.33 crore shares on July 30 following the conversion of previously issued warrants, raising ₹259.95 crore for the company. The allotment followed the board’s earlier approval of 1.82 crore convertible warrants priced at ₹260 apiece — a preferential issue structure through which the company had already raised ₹118.5 crore against a 25% upfront subscription, as reported by Tickertape.
Fresh capital from warrant conversions typically signals that anchor or promoter-linked investors are following through on their commitment rather than letting warrants lapse — a detail the market tends to read as a vote of confidence, particularly for a small-cap stock that has seen sharp swings over the past year.
The bigger catalyst: Q1 FY27 results due Monday
Screener’s company filings show Nazara’s board has scheduled a meeting for August 3, 2026, to approve the company’s unaudited standalone and consolidated results for Q1 FY27. With the stock rallying just ahead of that print, traders are likely positioning for the update, especially after a strong FY26 close: Nazara’s Q4 FY26 net profit rose sharply year-on-year even as revenue dipped on the deconsolidation of Nodwin Gaming, according to Tickertape — with EBITDA margins expanding meaningfully on the back of the core gaming business.
Recent stock history adds context
Nazara has been one of the more volatile counters on the Nifty Media index over the past year. It surged nearly 18% in a single session in mid-May after large block deals reportedly involving Zerodha co-founder Nikhil Kamath and existing shareholder Axana Estates changed hands, according to reporting picked up by BusinessToday — a transaction in which company founder Nitish Mittersain was believed to be the seller. The stock had also been under pressure earlier in the year after India’s Online Gaming Bill roiled real-money-gaming-linked names, even though Nazara maintained it had no direct RMG exposure.
What analysts are watching
Brokerage commentary following Nazara’s international expansion — including its BT Games and Bluetile/BestPlay acquisitions — has generally stayed constructive on the stock’s growth trajectory, with at least one brokerage maintaining a “Buy” rating and citing expected revenue CAGR in the mid-40% range through FY28 on the back of the deal pipeline, according to brokerage notes cited by BusinessToday.
Key numbers at a glance
– Move today: +7.7% (per Rediff Money live data)
– Warrant conversion: 1.33 crore shares allotted July 30, raising ₹259.95 crore
– Next trigger: Q1 FY27 results, board meeting scheduled August 3, 2026
– 52-week range: ₹215.7 – ₹363.25
– Market cap: Above ₹11,400 crore as of this week’s trading
FAQs.
Q: Why did Nazara Technologies shares rise today?
A: The stock rose 7.7% amid positive sentiment following a recent warrant conversion that raised ₹259.95 crore, and ahead of its Q1 FY27 results due August 3, 2026.
Q: What is Nazara Technologies’ 52-week high and low?
A: The stock’s 52-week high is ₹363.25 and its 52-week low is ₹215.7.
Q: When are Nazara Technologies’ next quarterly results?
A: The board is scheduled to meet on August 3, 2026 to approve Q1 FY27 standalone and consolidated results.
Q: Who are Nazara Technologies’ major shareholders?
A: Promoter-linked entity Axana Estates LLP and Zerodha co-founder Nikhil Kamath (through Kamath Associates and NKSquared) are among the notable shareholders, alongside founder Nitish Mittersain.
(The article is only for informational purposes. This is not an investment advice.)
SML Mahindra Hits 20% Upper Circuit: Inside the Numbers Behind the Rally
Follow The Raisina Hills on WhatsApp, Instagram, YouTube, Facebook, and LinkedIn
