Casino operator's stock hits Rs 68 low after apex court backs over Rs 1 lakh crore in retrospective tax demands on online gaming, with sector-wide exposure pegged at Rs 2.5 lakh crore. Q4 net profit collapsed 90% YoY to Rs 16.45 cr on revenue of Rs 161.25 cr (-11.72%). Nazara, OnMobile also in firing line.

Business Today · Latest · 5/29/2026, 4:48:41 AM

Choice Institutional Equities initiated post-Q4FY26 calls on new-age tech: Add on Meesho (TP Rs 210) and Indiamart (Rs 2,340); Buy on Nazara (Rs 400), OFSS (Rs 10,890) and Intellect Design (Rs 1,250, 74% upside). Thesis: AI-led platformisation accelerating monetisation across e-commerce, gaming and SaaS.

Business Today · Latest · 5/26/2026, 6:11:07 AM