Nazara Technologies - Game On: Prabhudas Lilladher Initiates Coverage
An attendee plays a video game in Los Angeles. (Photographer: Patrick T. Fallon/Bloomberg)

Nazara Technologies - Game On: Prabhudas Lilladher Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We initiate coverage on Nazara Technologies Ltd. with a positive view as it-

  1. is a unique play on rising gaming culture, given Gen Z and millennials constitute ~65% of India’s population demographics,

  2. has an early mover advantage in evolving Esports category (organised 82% unique Esports events with 73% share in total prize pool as of 2019),that is likely to disrupt traditional sports landscape in next four to five years and

  3. offers a direct play on emerging Ed-Tech market via Kiddopia.

Nazara Technologies has created an enviable business model via selective acquisitions (buys stake in gaming companies and lets erstwhile promoters run the show) to ride on the expected gaming sector boom in India.

Click on the attachment to read the full report:

Prabhudas Lilladher Nazara Technologies Initiating Coverage.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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