Nazara Tech shares plunge 28% in 4 days, breach brokerage target. What’s ahead?
Published on: Aug. 25, 2025, 1:13 p.m. | Source: The Economic Times
Nazara Technologies' shares plummeted, dropping 12% on Monday, following the Union Cabinet's approval of the Online Gaming Bill, 2025. The bill proposes strict regulations, potentially banning real-money gaming, impacting Nazara's stake in Moonshine Technology (PokerBaazi). ICICI Securities downgraded the stock to 'Reduce,' further fueling investor concerns.
