01 Oct 2025 | 3 Mins Read
Nazara Tech shares soar 10% before analyst warns of impending 35% crash
Flipitmoney
Nazara Technologies Ltd. shares surged 10% on October 1, despite CLSA projecting a 35% downward revision due to the Centre's new online gaming law. CLSA reiterated its "underperform" rating citing expensive valuations of 48 times estimated P/E for 2027. Nazara Tech's stake in PokerBaazi and Nodwin has declined.