Brokerage downgrades this Jhunjhunwala stock on regulatory uncertainty
Nazara has multiple (sub-scale) growth segments but lacks a strong core to drive synergies and put the flywheel in motion, making the long-term compounding growth narrative unclear, added the brokerage.The stock has risen over 15 per cent in the past 1 month after the WildWorks acquisition and Google’s decision to allow Rummy and Fantasy Sports apps on Play Store.
