Rakesh Jhunjhunwala portfolio included Nazara Technologies even when the company was not listed. So, when Nazara Technologies IPO opened for subscription in March 2021, it received huge response from the bidders that helped the public issue list (on 30th march 2021) at around 79 per cent premium against the issue price of Rs1,101. But, it immediately triggered profit-booking that led to Nazara Technologies share price coming down at around Rs1600 mark. Nazara Technologies share price today is Rs1,742.80 at NSE (Tuesday close price), which is still around 60 per cent higher from its issue price of Rs1,101. So, in short, this Rakesh Jhunjhunwwala holding company stock has delivered around 60 per cent return to the investors, who were allotted Nazara Technologies IPO and they are still holding the tech counter for further gains.

According to the Nazara Technologies share price history, in the last three months, the stock has made it all-time high of Rs2,024.90 while its all-time low in this period is Rs1432. According to stock market experts, the stock is showcasing fresh upside potential after some profit-booking. They advised investors to take long-term position following Rakesh Jhunjhunwala tips of 'buy, hold and forget.'

Highlighting the fundamentals that may help rally in Nazara Technologies shares Arijit Malakar, Head of Research at Ashika Stock Broking said, "Nazara Technology is the leading player with presence in India, Africa, and North America. Nazara, the largest player in the industry, has a 3.5 per cent market share. Nazara Technology revenue during FY21 was Rs468.5 crore as compared to Rs262.9 crore in FY20. Higher revenue helped the company post a profit of Rs13.64 crore, compared to a loss of Rs26.78 crore in the previous year. Gaming industry in FY21 has 433 million users with revenue of Rs13,600 crore. The size is expected to increase to 657 million users and a revenue of Rs29,000 crore by FY25, thus will grow at a CAGR of around 21 per cent."

Arijit Malakar of Ashika Stock Broking went on to add that Nazara technology is well placed to cash in the emerging opportunity going ahead. He said that COVID-19 related shutdown was the best time for the gaming industry when the number of users shot up sharply, benefitting the gaming companies to clock healthy revenue growth.

On his suggestion to the stock market investors in regard to Nazara Technologies shares Ravi Singhal, Vice Chairman at GCL Securities said, "One can buy Nazara Technologies shares at Rs1670 for immediate target of Rs2000 to Rs2100 maintaining stop loss at Rs1570." he said that if someone holds the counter for 12-18 months, the counter may go up to Rs3,000 to Rs3,500 per stock mark.

Rakesh Jhunjhunwala holding in Nazara Technologies

As per Nazara Technologies shareholding pattern for March 2021 quarter available with the BSE, Rakesh Jhunjhunwala share holding in the tech company is 10.82 per cent of the net company shares.