The Indian Gaming Stocks on the Rise
Earlier this year, the United Kingdom elected Keir Starmer and the Labour party into government. Recently the people of the United States have re-elected Donald Trump as their 47th President, following an interlude of Joe Biden and the Democratic Party.
Both of these elections have received wall-to-wall coverage around the globe, which, in the case of the United States – the world’s largest economy – is perhaps justified. The United Kingdom, however, along with a number of European countries, always receives a level of coverage and interest above and beyond the economic stature of the respective countries.
The losers of this are the countries that actually drive world trade such as China, Japan and India. The latter of which had a GDP of $3.55 trillion last year and an annual growth rate of 7.6%, making it the fastest growing economy in the Global Top 20.
In honour of that we’re taking our eyes of the FTSE 100 and relocating our attention from Europe to India. In particular the top Indian gaming stocks which are mirroring their country’s phenomenal growth rate and offering superb returns to investors. Read on to find out what they are…
Nazara Technologies
Founded in 1999 by Nitish Mittersain, Nazara Technologies are an Indian technology company located in Mumbai. Ostensibly, the company focuses on mobile games, eSports and sports media – areas in which they are absolutely excelling.
Recently, however, they acquired a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi – a leading online poker gaming platform in India. Why is this important? Because Indian online gambling is predicted to explode in the coming years.
So, if you were looking for an example of a well-run company with a track record of success poised to make big moves, you couldn’t find a better option than Nazara Technologies. Not only will they continue to make moves in their traditional areas of interest, but they will be using that expertise, no doubt; as we’ve seen in the past, an online casino based in India can attract a huge number of players if the product is good and Nazara Technologies will definitely have this in consideration.
Zensar Technologies
Formerly known as International Computers Limited India, Zensar Technologies is an IT company based in Pune. Although not directly involved in game manufacturing or production, Zensar could have a huge role in shaping the future of the gaming industry.
That’s because it is a huge player in digital transformation, focusing on groundbreaking work surrounding AI and machine learning that could have huge ramifications for the games of the future.
If you believe that the future of the gaming industry is based on the integration of AI then you can’t look past Zensar as an investment opportunity.
PVR INOX limited
Born out of Priya Village Roadshow Ltd this is a company that most Indians would associate with the silver screen. For the better part of two decades, the company has cashed in on India’s love of blockbuster movies.
Now, however, they are pivoting to include it under their umbrella of operations gaming. Whilst this might seem like a left-field move, the company already offers several entertainment centres packed to the rafters with video games.
In addition to that they have signed deals with eSports organisations to host and premiere events. In terms of an investment, this is perhaps the longest term and highest risk of the lot as there is a possibility that INOX’s venture into gaming is either cut short or unsuccessful.
However, if they are in it for the long haul, they have every opportunity to do well in India.
Is India Worth Investing in?
Yes. Without a shadow of a doubt. Whilst the politics of Shri Narendra Modi undoubtedly leave a sour taste in the mouth fpr sp,e, the Prime Minister’s handling of the Indian economy has been commendable.
The 7.6% GDP growth mentioned at the beginning of this article shows no signs of slowing. In addition, the Indian gaming market—incorporating online gambling—is on an upward trend, so if you’re thinking of investing in the country, now would be the time to do so.
As with every investment, though, do your own research. Don’t just take our word for it that the companies mentioned above are good opportunities, find out for yourself.
