Nazara Technologies shares soar 18% amid reports of Nikhil Kamath upping stake in block deal
- Posted on May 15, 2026
- By Business News Today
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- 1 min read
Nazara Technologies shares soar 18% amid reports of Nikhil Kamath upping stake in block deal
Nazara Technologies shares surged 18% following a significant block deal involving nearly 4.9% of the company's equity. Nikhil Kamath and Axana Estates are reportedly buyers, with founder Nitish Mittersain as the likely seller. The company reported a Q4FY26 revenue of Rs 398 crore, a 23% decrease year-on-year, but saw net profit jump over 13-fold to Rs 56 crore.
