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Rakesh Jhunjhunwala-Backed Nazara Technologies Stock Rallies On Yes Securities Boost

Yes Securities suggests 'reduce' rating for the online gaming stock on 'uncertain' long term.

Rishabh Bhatnagar

An attendee holds a mobile device while playing a video game. (Photographer: Patrick T. Fallon/Bloomberg)

Yes Securities expects Nazara Technologies Ltd.’s stock to rise 20-50% from current levels in the next three years on account of the general gaming market frenzy, bright prospects of this industry in India, and growing interest in platform businesses.

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Rishabh Bhatnagar
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