Archive · 30 Dec 2025
Nazara Tech Buy Rating with ₹390 Target
Nazara Tech is a company that makes games and other digital entertainment.
A broker has given it a 'buy' rating, meaning they think it's a good time to invest.
They set a target price of ₹390, which is higher than where the stock is now.
The company has been cleaning up its portfolio by removing some parts that weren't doing well.
This should help them make better profits.
They plan to grow by making more games and using artificial intelligence to improve their products.
Most of their money comes from outside India.
The broker thinks the company will grow a lot in the next few years.
But there are some risks, like changes in rules that could affect their business.
Nazara Tech receives a 'buy' rating with a target price of ₹390.
Portfolio reset aims to improve earnings quality and visibility.
Core gaming expected to drive growth with EBITDA margins of 20–25%.
AI-enabled, immersive experiences and global IP acquisitions are key strategies.
Revenue forecasted to grow at 27.9% CAGR over FY25–FY28, with EBITDA at 48.4% CAGR.
- Who
- Nazara Tech
- What
- Broker's buy rating with a target price of ₹390
- When
- Published on December 30, 2025
- Where
- Not specified
- Why
- Based on portfolio reset, core gaming growth, and AI-enabled experiences
- Current Market Price (CMP)
- ₹264.35
- Target Price
- ₹390
- Revenue Growth Forecast (FY25–FY28)
- 27.9% CAGR
- EBITDA Growth Forecast (FY25–FY28)
- 48.4% CAGR
- Core Gaming EBITDA Margins
- 20–25%
- Revenue Source
- Over 90% overseas
- Key Risks
- Execution challenges in IP-led M&A, Gaming IP volatility, Regulatory or platform-policy changes