Subscribe to Nazara Technologies: Angel Broking


Angel Broking has intention out with its document on Nazara Technologies. The study firm has instructed to ''Subscribe'' the IPO in its study document as on March 16, 2021.

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March 17, 2021 / 08: 09 PM IST

Angel Broking IPO document on Nazara Technologies

Nazara Technologies Ltd. is the main India based mostly various gaming and sports activities media platform with presence in India and across rising and developed worldwide markets such as Africa and North The united states, and choices across the interactive gaming, eSports and gamified early learning techniques including World Cricket Championship (WCC) and CarromClash in cellular games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, Halaplay and Qunami in skill-based mostly, fantasy and trivialities games.

Valuation and Outlook

At latest levels the stock is procuring and selling at EV/Sales of 11.6xFY20 revenues and we suggest a "SUBSCRIBE" rating to the IPO given valid deliver doubtless for the firm.

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