Update | March 11, 2026, 18: 55 IST

Shares of Nazara Technologies ended Wednesday’s trading session up 0.06% at ₹245.65 apiece on the BSE. Its market capitalisation stood at ₹9,100.47 Cr ($988.4 Mn) at the end of the day.

Original Story | March 11, 2026, 12:00 IST

Shares of Nazara Technologies surged nearly 4% in the early trade today, hitting an intraday high of ₹254.90 on the BSE, after Morgan Stanley Asia Singapore Pte acquired the gaming company’s shares worth about ₹69.2 Cr through a block deal.

According to NSE data, Morgan Stanley purchased 28.85 Lakh shares of Nazara at ₹239.80 apiece. The shares were offloaded by Think India Opportunities Master Fund LP, which sold an equivalent quantity at the same price. As of December 31, 2025, Think India held 93.27 Lakh shares, representing a 2.52% stake in Nazara. 

The stock gave up some of the gains later in the session and was trading at ₹248.55, up 1.24%, at 11:20 IST. 

The block deal comes at a time when Nazara’s shares have been under pressure. Over the past year, the stock has fallen 8.13%, compared to a 4.63% decline in the benchmark BSE Sensex.

The company has been stepping up investments to strengthen its gaming and content pipeline. It recently announced an investment in nCore Games, the studio behind the Indian gaming franchise FAU-G. Its board also approved a primary capital infusion of up to ₹15 Cr into Rusk Media, a mobile-first entertainment platform focused on Gen-Z and Gen-Alpha audiences.

Nazara is India’s only listed gaming company and operates across multiple verticals, including mobile gaming, esports, adtech and children’s digital learning. Its portfolio includes titles and platforms such as Kiddopia, Animal Jam and World Cricket Championship, along with sports media platform Sportskeeda. The company also runs digital advertising technology firm Datawrkz.

Apart from its digital gaming business, Nazara has also been expanding its offline gaming footprint through brands such as Smaaash Entertainment and Funky Monkeys, with the company currently opening one to two new centres every month.

On the financial front, Nazara returned to profitability in the quarter ended December 31, 2025, after reporting a loss in the previous quarter. The company posted a net profit of ₹8.8 Cr, lower than the ₹13.7 Cr it reported in the same quarter last year, but a recovery from the ₹33.9 Cr loss recorded in the September quarter.

Its operating revenue declined 24% YoY and 23% sequentially to ₹406 Cr in Q3 FY26. Including other income of ₹11.3 Cr, total income stood at ₹417.3 Cr, while total expenses fell 24% YoY to ₹402.2 Cr.

The company acquired a majority stake in Funky Monkeys Play Centers for ₹43.7 Cr last year. Around the same time, it also bought insolvency-hit Smaaash Entertainment for ₹126 Cr, strengthening its presence in the offline gaming segment.