Nazara Technologies - Creating A Margin-Accretive Global Delivery Platform: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We maintain our Buy rating on Nazara Technologies Ltd. with a target price of Rs 1,080. Our target multiple stands at 37 times FY26E enterprise value/Ebitda (excluding-minority)..Key risks: Increased competition/slowdown in U.S. markets; andinability to identify and integrate acquisitions in manner that creates value for minority shareholders..On July 03, 2024, we hosted Nodwin’s management for an interaction with investors. Nodwin has increased its stake in Freaks 4U gaming, from 13.51% to 57%. They plan to eventually acquire 100% of the company through a share swap deal. According to management, Freaks 4U gaming’s strength in the PC gaming market is complementary to Nodwin’s capability in mobile gaming; and Nodwin’s frugal execution should help them turn profitable by FY25E. Management outlined their vision of increasing ‘timeshare of mindshare’ of gamers by expanding their ‘house of brands’ approach towards gaming IPs and highlighted that acquisitions are necessary when ‘buy’ is more economical than ‘build’..Click on the attachment to read the full report:.HDFC Bank To Trail Private Peers After 'Slightly Disappointing' Q1 Update, Say Analysts.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Nazara Technologies - Creating A Margin-Accretive Global Delivery Platform: ICICI Securities

Nodwin is focused on growing its IPs organically and improving its footprint in emerging markets such as Central Asia, South Asia, Central Africa, etc.

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Nazara Technologies - Creating A Margin-Accretive Global Delivery Platform: ICICI Securities

Nodwin is focused on growing its IPs organically and improving its footprint in emerging markets such as Central Asia, South Asia, Central Africa, etc.

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