The shares of Nazara Technologies have dropped 11.18% to ?1,085 apiece during intraday trade, before recovering to trade 7.76% lower at ?1,126.85.
The company’s market capitalisation has also dropped to ?10,436.46 crore ($1.2 billion), marking its sharpest single-day drop since May 9.
The impact comes a day after the Lok Sabha passed the Promotion and Regulation of Online Gaming Bill, 2025, which seeks to ban the offering, operation, facilitation, advertisement, promotion, and participation in online money games.
On Tuesday, Nazara’s stock had plunged nearly 19% to ?1,401.35 intraday before settling at ?1,221.65.
Nazara has said in a statement: “As per its latest reported financials, the contribution to revenues and EBITDA by RMG business is NIL.”
Nazara Technologies Limited has posted a growth in Q1FY26 with revenues of Rs 498.8 crore (+99% YoY) and EBITDA of Rs 47.4 crore (+90% YoY).
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