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Nazara Technologies moves up on signing MoU with Government of Telangana

05 Sep 2024 Evaluate

Nazara Technologies is currently trading at Rs. 949.55, up by 2.80 points or 0.30% from its previous closing of Rs. 946.75 on the BSE.

The scrip opened at Rs. 987.95 and has touched a high and low of Rs. 987.95 and Rs. 943.00 respectively. So far 46584 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1035.00 on 02-Aug-2024 and a 52 week low of Rs. 590.85 on 27-May-2024.

Last one week high and low of the scrip stood at Rs. 987.95 and Rs. 905.10 respectively. The current market cap of the company is Rs. 7265.33 crore.

The promoters holding in the company stood at 10.05%, while Institutions and Non-Institutions held 22.81% and 67.13% respectively.

Nazara Technologies has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana. Through this strategic partnership, Nazara aims to establish a pioneering AI Center of Excellence (AI CoE) focusing on gaming and digital entertainment, positioning Nazara as a leader in AI-driven gaming and digital entertainment space and Telangana as a global hub for AI innovation.

The Nazara AI CoE will drive research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging cutting-edge technologies like AI, VR/AR, blockchain, and Web 3.0. By fostering policy development, supporting startups, enhancing skills, and engaging global expertise, the Nazara AI Center of Excellence aims to empower a dynamic and inclusive community. 

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

Nazara Technologies Share Price

273.80 12.85 (4.92%)
17-Apr-2026 16:59 View Price Chart
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