Nazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, particularly for Animal Jam, resulted in revenue growth but compressed margins. The company focuses on acquisitions like Kiddopia to fuel future growth and aims to achieve Rs 300 crore EBITDA by FY27.
Midcap, smallcap valuations still overpriced despite recent correction: Shibani Sircar Kurian
The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps,