Nazara Tech shares plunge 28% in 4 days, breach brokerage target. What’s ahead?
Shares of Nazara Technologies extended their losing streak on Monday, plunging 12% in today’s session alone to hit an intraday low of Rs 1,014.75 on the BSE, marking a total decline of 27.6% across four trading sessions.
Here’s a look at the timeline:
What sparked the decline?
The sharp correction was triggered after the Union Cabinet approved the Promotion and Regulation of Online Gaming Bill, 2025, which proposes strict regulations on digital gaming platforms, including a potential ban on real-money gaming (RMG).
Here’s a look at the timeline:
What sparked the decline?
The first leg of the sell-off began on August 20, when the Cabinet cleared the bill aimed at regulating online gaming platforms. The proposed legislation seeks to address concerns around mental health issues, money…
