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Nazara Technologies receives buy rating with target price of Rs 1182

Nazara Technologies reported a subdued operational performance with an EBITDA margin of 7.9%, impacted by higher employee costs and challenges in key segments. Despite recent pressures, a projected top-line CAGR of 19.6% over the next two years is anticipated due to strategic acquisitions and partnerships. The stock is rated as a BUY with a target price of Rs 1,182, reflecting an improving margin outlook.
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07:54 19.11.2024
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