Nazara Technologies shares jump 18% as block deal covers nearly 5% equity and profits surge

Published on 15 May 2026

Founder Nitish Mittersain reportedly sells nearly 5%

Nazara Technologies shares surged up to 18% to Rs 314 on Friday after a block deal reportedly covering nearly 4.9% of the company’s equity. The CNBC-TV18 report points to Nikhil Kamath of Zerodha and Axana Estates as likely buyers, with founder Nitish Mittersain believed to be the seller. Despite Q4FY26 revenue falling 23% YoY to Rs 398 crore, net profit jumped more than 13-fold to Rs 56 crore. Management also highlighted AI investments.

Shares rose as much as 18% to a BSE day high of Rs 314
Block deal reportedly involved nearly 4.9% of Nazara equity
Reported buyers include Nikhil Kamath and Axana Estates; Nitish Mittersain likely sells
Q4FY26 revenue fell 23% YoY to Rs 398 crore
Net profit soared over 13-fold to Rs 56 crore in the quarter
Gaming revenue jumped 78% to Rs 278 crore, the biggest segment

#earnings #nazara technologies #block deal #stock market #ai

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Nazara Technologies shares jump 18% as block deal covers nearly 5% equity and profits surge

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