Nazara Technologies saw its stock price rise by 12.69% to ₹300.10 on Friday, driven by block deals that transferred more than 4% of the company's equity. Reports suggest that Nikhil Kamath, co-founder of Zerodha, and Axana Estates LLP were key buyers in these transactions, while Nitish Mittersain, the company's founder, was likely the seller. As of the end of March 2026, Mittersain held a 2.18% stake in Nazara, while Axana Estates owned 5.4%. Kamath, through Kamath Associates, held a 1.62% stake, with his investment firm NKSquared holding an additional 1.89%. Nazara Technologies is notable for being India's only publicly listed gaming company, with a broad portfolio including Kiddopia, Animal Jam, and Sportskeeda. The company reported a 305% jump in profit after tax from continued operations, reaching ₹56 crore in Q4 FY26, despite a 24% decline in net sales to ₹398 crore compared to Q4 FY25. The decline was attributed to the deconsolidation of Nodwin from August 2025, but adjusted figures show an 8% year-on-year revenue growth.