Nazara Technologies has been making waves in the Indian stock market with its consistent growth and promising future prospects. With the company’s recent success and strong financials, investors are curious about the Nazara share price target for the years to come.
Is Nazara a good auto stock to buy? What can we expect from the company’s performance in the coming years? These are some of the questions that this article aims to answer.
The net sales of Nazara Consolidated for December 2022 amounted to Rs 314.80 crore, showing an increase of 69.43% compared to the previous year. Let’s delve into the analysis and predictions of Nazara’s share price target for the years 2023 to 2030.
Stock history of Nazara Technologies
Nazara Technologies’ stock history started in March 2021 when the company made its initial public offering (IPO). The IPO was oversubscribed by over 175 times, indicating strong investor interest in the company’s prospects. Since then, the stock has been on an upward trajectory, with occasional dips due to market volatility.
As of February 2023, Nazara Technologies’ stock is trading at around Rs. 570.80. The company’s strong financials and promising future prospects have contributed to its strong stock performance. Nazara Technologies has been expanding its presence in India and other emerging markets, which has helped the company gain a competitive edge over its peers.
Overall, Nazara Technologies’ stock history has been impressive, with strong investor interest and consistent growth. The company’s focus on mobile gaming and its expansion plans have positioned it well for future growth, making it an attractive investment option for investors looking to invest in the gaming industry.
Latest news about Nazara Technologies
➤ Nazara Tech’s strong third quarter performance enables it to take a jump forward.
➤ The net sales of Nazara (NSE: NAZARA) Consolidated for December 2022 amounted to Rs 314.80 crore, showing an increase of 69.43% compared to the previous year.
How to buy Nazara Technologies shares?
You can buy Nazara Technologies shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Nazara Technologies: 2023 to 2030
Share Price Target 2023 of Nazara Technologies
| When | Maximum Price | Minimum Price |
| February 2023 | ₹570.80 | ₹439.08 |
| March 2023 | ₹428.10 | ₹329.31 |
| April 2023 | ₹470.91 | ₹362.24 |
| May 2023 | ₹392.43 | ₹301.87 |
| June 2023 | ₹470.91 | ₹362.24 |
| July 2023 | ₹565.09 | ₹434.69 |
| August 2023 | ₹621.60 | ₹478.15 |
| September 2023 | ₹652.68 | ₹502.06 |
| October 2023 | ₹621.60 | ₹478.15 |
| November 2023 | ₹683.76 | ₹525.97 |
| December 2023 | ₹765.81 | ₹589.09 |
The table above shows the predicted share prices of Nazara Technologies for the year 2023. The table displays a bullish trend for the company, with an overall uptrend in the share price. The maximum price predicted for the year is Rs. 765.81, while the minimum price predicted is Rs. 301.87. This represents a growth percentage of over 100% from the current market price, which is a significant increase for investors.
The predicted share prices for each month show some fluctuations, but overall, there is a positive trend for the company’s stock. Investors who are looking to invest in Nazara Technologies can use these predictions to make informed decisions about their investment.
Overall, the predicted share prices for Nazara Technologies in 2023 show a positive outlook for the company, making it an attractive option for investors looking to invest in the gaming industry.
Share Price Target 2024 of Nazara Technologies
| When | Maximum Price | Minimum Price |
| January 2024 | ₹806.12 | ₹620.09 |
| February 2024 | ₹905.75 | ₹754.79 |
| March 2024 | ₹953.42 | ₹775.14 |
| April 2024 | ₹866.75 | ₹666.73 |
| May 2024 | ₹722.29 | ₹555.61 |
| June 2024 | ₹866.75 | ₹666.73 |
| July 2024 | ₹736.74 | ₹571.11 |
| August 2024 | ₹810.41 | ₹643.18 |
| September 2024 | ₹850.93 | ₹654.56 |
| October 2024 | ₹1,001.09 | ₹770.07 |
| November 2024 | ₹1,051.15 | ₹808.58 |
| December 2024 | ₹1,072.17 | ₹824.75 |
Looking at the anticipated share prices for Nazara Technologies in 2024, the company’s stock continues to show a bullish trend with an overall uptrend in the share price. The maximum price predicted for the year is Rs. 1,072.17, while the minimum price predicted is Rs. 555.61. This represents a growth percentage of over 200% from the current market price, which is a significant increase for investors.
The predicted maximum and minimum prices for each month show that the company’s stock is expected to continue its upward trajectory with some fluctuations.
Share Price Target 2025 of Nazara Technologies
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,093.61 | ₹841.24 |
| February 2025 | ₹1,151.17 | ₹885.52 |
| March 2025 | ₹1,208.73 | ₹929.79 |
| April 2025 | ₹1,079.22 | ₹830.17 |
| May 2025 | ₹981.11 | ₹754.70 |
| June 2025 | ₹1,079.22 | ₹830.17 |
| July 2025 | ₹1,027.83 | ₹790.64 |
| August 2025 | ₹1,070.66 | ₹823.58 |
| September 2025 | ₹1,124.19 | ₹864.76 |
| October 2025 | ₹1,191.64 | ₹916.65 |
| November 2025 | ₹1,275.06 | ₹980.81 |
| December 2025 | ₹1,300.56 | ₹1,000.43 |
According to the anticipated share prices for Nazara Technologies in 2025, the company’s stock is expected to continue on its upward trajectory, with the maximum share price target for the year being Rs. 1,300.56 and the minimum share price target being Rs. 754.70.
This indicates a significant increase from the current market price and a growth percentage of over 300%, which makes Nazara Technologies a lucrative option for investors. Looking at the predicted share prices for each month, there is a bullish trend in the overall share price of the company.
However, the overall trend remains positive, indicating that the company’s stock is expected to continue to grow in the coming years.
Nazara Technologies Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹910.39 | ₹637.27 |
| 2027 | ₹773.83 | ₹541.68 |
| 2028 | ₹1,392.90 | ₹975.03 |
| 2029 | ₹2,861.23 | ₹2,002.86 |
| 2030 | ₹3,186.37 | ₹2,230.46 |
As per the table, Nazara Technologies’ share price target for 2026 to 2030 is quite promising. The maximum price target for 2026 is ₹910.39, and the minimum price target is ₹637.27. The year 2027 projects a slightly lower maximum price of ₹773.83, and a minimum price of ₹541.68.
However, the year 2028 looks extremely bullish, with a maximum price target of ₹1,392.90 and a minimum price target of ₹975.03. The growth potential of Nazara Technologies seems to be growing even further in the years 2029 and 2030, with a maximum price target of ₹2,861.23 and ₹3,186.37, respectively.
These targets suggest that Nazara Technologies is likely to continue its uptrend and emerge as one of the most profitable auto stocks to buy in the Indian stock market.
Financial Condition of Nazara Technologies: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 172.04 | 169.70 | 247.51 | 454.20 | 621.70 |
| Expenses | 123.40 | 154.30 | 254.98 | 415.40 | 535.70 |
| Operating Profit | 48.64 | 15.40 | -7.47 | 38.80 | 86.00 |
| Other Income | -25.81 | 16.40 | 15.46 | 14.20 | 24.10 |
| Depreciation | 8.22 | 19.54 | 26.32 | 35.50 | 39.00 |
| Interest | 1.83 | 1.38 | 1.24 | 0.90 | 1.20 |
| Profit before tax | 12.78 | 10.88 | -19.57 | 16.60 | 69.90 |
| Tax | 11.77 | 4.16 | 7.19 | 3.00 | 19.20 |
| Net profit | 2.67 | 17.51 | -2.13 | 9.20 | 28.40 |
| EPS | 0.50 | 3.19 | -0.38 | 1.51 | 4.36 |
| Price to earning | 485.31 | 188.06 | |||
| Price | – | – | – | 733.15 | 819.15 |
| RATIOS: | |||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| OPM | 28.27% | 9.07% | 0.00% | 8.54% | 13.83% |
Nazara Technologies has shown impressive growth over the last five years, with consistent revenue and profit growth. The company’s net sales have increased by approximately 262.3% from Rs 172.04 crore in March 2018 to Rs 621.70 crore in March 2022, which is a remarkable achievement.
Although the expenses have also gone up from Rs 123.40 crore in March 2018 to Rs 535.70 crore in March 2022, the operating profit has seen an overall increase of 77.8% from Rs 48.64 crore in March 2018 to Rs 86.00 crore in March 2022.
The net profit has increased by a whopping 959.2% from Rs 2.67 crore in March 2018 to Rs 28.40 crore in March 2022. The company’s earnings per share (EPS) have also increased from Rs 0.50 in March 2018 to Rs 4.36 in March 2022.
The maximum and minimum price to earnings ratio in the last five years were 485.31 and 188.06, respectively, and the stock price has increased significantly from Rs 733.15 in March 2021 to Rs 819.15 in March 2022.
Overall, Nazara Technologies has demonstrated remarkable growth and stability in its profit and loss statement, which is a positive sign for potential investors.
Nazara Technologies share price target by Experts
Nazara Technologies share price target by Prabhudas Lilladher
Prabhudas Lilladher is optimistic about Nazara Technologies, having given a “buy” rating on the stock and setting a target price of Rs 1012.
FAQS
Will the share price of Nazara Technologies increase in 2023?
It is anticipated that Nazara Technologies per share price will increase to ₹765.81 by the end of 2023.
Is Nazara Technologies free from all debts?
Yes, Nazara Tech is virtually free from all debts.
Write the share price target 2023 of Nazara Technologies.
The share price target of Nazara Technologies for 2025 might be around ₹1,300.56.
Can Nazara Tech reach 700 INR in 2023?
Yes, based on our analysis, Nazara can reach 700 INR by December 2023.
Write the share price target 2030 of Nazara Technologies.
The per share price of Nazara Technologies might reach around ₹3,186.37 by the end of 2030.
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Conclusion
In conclusion, Nazara Technologies has shown a significant growth in its revenue and profit over the last five years. The company has achieved a remarkable revenue growth rate of around 36.11% between March 2018 and March 2022. The profit after tax (PAT) has also shown impressive growth, with a CAGR of 87.08% during the same period. The maximum and minimum share price targets between 2023 and 2030 also indicate a positive trend in the company’s stock value, with a projected growth rate of around 25% per annum.
Considering these factors, Nazara Technologies appears to be a good stock to buy. However, it is important to conduct thorough research and analysis before making any investment decisions. Market conditions can be volatile and unpredictable, and it is always advisable to consult with a financial advisor before making any investment decisions. Overall, Nazara Technologies has a promising future and could be a good long-term investment for those who are willing to take on a certain level of risk.
