Nazara Technologies’ stock surged despite a weak Q2 performance, driven by strategic acquisitions aimed at boosting revenue and margins. The company, focusing on esports and skill-based gaming, has seen promoter and institutional investor holdings decrease. Analysts remain optimistic about Nazara’s growth prospects, citing potential profitability improvements from recent acquisitions.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.