Nazara Technologies is present in the fast growing segment of interactive gaming, eSports and gamified early learning solutions. After registering a degrowth of 1.4% in FY2019 the company has posted strong revenue growth of 45.9% in FY2020 to Rs. 247.5 Cr. The company has already posted a revenue of Rs. 200 Cr. in H1FY2021. The company has been reporting losses as they have increased their spending significantly on advertising & promotion from FY2020 onwards which will help drive strong topline growth for the company. At current levels the stock is trading at EV/Sales of 11.6XFY20 revenues and we recommend a "SUBSCRIBE" rating to the IPO given strong growth potential for the company.
*Open a Demat and Trading account in 5 Minutes with Angel Broking*
http://tinyurl.com/y8zhsns6
#Free Demat Account
#No Hidden Charges
#Expert Advisory
#Upto 40× Margin Exposure
#Angel Broking
Call now-9321671884
✔ Get Equity, Commodity, Currently and Derivative Trading under one account.
✔ You can also invest in Mutual Fund, Bonds, ETF and IPO under one account.
✔Manage your all investment at touch of your Finger with our Angel Broking App.
No comments:
Post a Comment