Best Gaming Stocks in India
10 mins read

Best Gaming Stocks in India

You might remember playing games with your friends on TV, but with the evolution of time, things have changed drastically. Now, the evolution of innovative technologies and the rapidly changing industry have led to the transformation of the world of gaming. Nowadays, one can play games on their mobile phones or laptops with multiple players across the world. This drastic change has been due to new-age companies working consistently to develop innovative games.

In this blog, we will give you an overview of the top gaming companies in India and will explain to you how this industry is expected to perform in the future.

What are Gaming Stocks?

The gaming stock companies are engaged in various kinds of services and platforms related to games, including video games, Esports, online games, casino betting games, etc. India has seen significant growth in the gaming industry in the past few years; hence, companies in this sector have immense potential to perform in the long run. Investing in this sector can provide exposure to the industry, which is growing rapidly, and can create wealth for investors in the long run.

List of Gaming Stocks Market Information of Gaming Stocks 

The list of gaming stocks is given below:

  1. OnMobile Global Limited
  2. Reliance Industries Limited
  3. Nazara Technologies Limited
  4. Delta Corporation Limited

Market Information of Gaming Stocks 

CompanyCurrent Market Price (INR)Market Capitalization (in โ‚น crores)52-Week High (in โ‚น)52-Week Low (in โ‚น)
Reliance Industries Limited1,28217,34,4441,6091,202
Nazara Technologies Limited9648,2431,124591
Delta Corp Limited1012,70315596.8
OnMobile Global Limited68.272411358.1
(Data as of 7 February 2025)

Read Also: List of Stock Exchanges in India

Overview of Top Gaming Stocks in India

An overview of the top gaming stocks in India are:

1. Reliance Industries Limited

The company was founded in 1966 and renamed itself Reliance Industries Limited in 1973 to reflect its diversified businesses. The companyโ€™s subsidiary, Jio, has developed a platform known as Jio Games, which offers cloud gaming, mobile games, esports tournaments, etc. The benefit of this platform is that users do not need to download games; instead, they can play them online. Jio Games has partnerships with NVIDIAโ€™s GeForce to enhance game streaming services in India. The company also hosted various esports tournaments in India, including games like PUBG, Free Fire, Call of Duty, etc. The companyโ€™s headquarters is situated in Mumbai.

1Y Return (%)3Y Return (%)5Y Return (%)
-14.11%4.74%77.39%
(Data as of 10 February 2025)

2. Nazara Technologies Limited

Nazara Technologies Limited company was founded in 1999 by Mr. Vikash Mittersain and Mr. Nitish Mittersain. Initially, it was an online gaming portal, but in the early 2000s, it shifted its focus to providing mobile entertainment services like comic strips and mobile games. The company became the licensed distributor of EA mobile games in the Middle East, Asia and Africa. Later, in 2017, it acquired Nextwave Multimedia, a leading developer of cricket simulation games, and in 2019, it acquired Sportskeeda, a leading sport and esports media platform. To acquire Openplay, a real money gaming company, it raises funds through IPO and gets itself listed on the Indian Stock Exchange in 2021. The company’s headquarters is situated in Mumbai.

1Y Return (%)3Y Return (%)5Y Return (%)
10.85%-5.05%-4.52%
(Data as of 10 February 2025)

3. Delta Corp Limited

The company was incorporated in 1990 as a textile and real estate company and was named Arrow Webtex Limited. Later, in 2008, the company entered the gaming industry by acquiring an offshore casino, Casino Royale, in Goa, and in the same year, it changed its name to Delta Corp Limited. Adda52, Indiaโ€™s leading online poker platform, was acquired by Delta Corp. The company faced trouble during the COVID-19 period; however, once the restrictions were lifted on casinos and tourism, it showed a strong recovery. The companyโ€™s headquarters is situated in Mumbai.

1Y Return (%)3Y Return (%)5Y Return (%)
-30.12%-65.39%-41.43%
(Data as of 10 February 2025)

4. OnMobile Global Limited

The company was founded in 2000 as a joint venture with Infosys to focus on telecom-related services. The company expanded its operation and included services like ringtones, caller tunes, etc., as well as partnerships with various telecom operators across the globe. To raise funds, the company launched its IPO in 2008 and got itself listed on the NSE and BSE. The company changed its focus from mobile services to gaming and AI services in 2016 and launched ONMO, which is a cloud gaming platform. It is a platform that offers a real-time gaming experience and e-sports. The companyโ€™s headquarters is situated in Karnataka.

1Y Return (%)3Y Return (%)5Y Return (%)
-33.39%-58.15%122.04%
(Data as of 10 February 2025)


Key Performing Indicators (KPIs)

CompanyOperating Profit Margin (%)Net Profit Margin (%)Return on Equity (%)ROCE (%)Current Ratio
Reliance Industries Limited14.148.728.779.381.18
Nazara Technologies Limited9.866.742.834.714.97
Delta Corp Limited30.9626.339.7010.973.55
OnMobile Global Limited6.052.982.344.681.22
(All of the above data is from the year ended March 2024)

Benefit of Investing in Gaming Stocks

The major benefits of investing in gaming stocks are as follows:

  • Growth: The major benefit of investing in gaming stock is the growth potential of the sector. The gaming market is expanding globally due to technical advancements and the accessibility of internet services. Mobile gaming, cloud gaming, etc., can contribute significantly to this sector.
  • Revenue Model: The companies engaged in the gaming sector have multiple revenue sources, such as in-game purchases, subscriptions, advertisements, etc.
  • Global Sector: The gaming sector is expanding not only in the Asian region but also in other parts of the globe, such as North America, Europe, etc., which show immense potential in the gaming industry.
  • Diversification: One can invest some part of their portfolio in gaming sector companies to reduce the sector-specific risk.

Risk of Investing in Gaming Stocks

The risks related to investing in gaming stocks are as follows:

  • Competition: The gaming industry is highly competitive as various established players, such as Tencent, Sony, etc., can give competition to other companies in this sector.
  • Obsolete Technology: Due to rapid technological changes, the platform on which the games are played, the hardware and software, etc., need regular updates. Hence, if any company lags in updating its technological capacities, it will fall behind.
  • Development Cost: The cost of the development of games is very high; hence, it requires significant investment, and if the game fails to perform well, then the firm may incur heavy losses.
  • Economic Downturn: In case of any economic downturn, the consumer will spend more on the necessities than on discretionary items such as video games, which eventually leads to a fall in the companyโ€™s revenues.

Future of Gaming Stocks in India

The Indian gaming industry has evolved over some time and converted into a billion-dollar market. As per a recent report, India is one of the largest gaming markets in the world and has a user base of 568 million gamers and over 9.5 billion gaming app downloads in 2023. Between 2020 and 2023, this industry grew at a rate of 28%. With the support of the government and rapid innovation, the demand will soar in the future, and the Indian gaming sector will reach USD 5 billion in revenue by 2025. Hence, the future of the Indian gaming industry is very promising. 

Read Also: List Of Best Healthcare Stocks in India 2025

Conclusion

On a concluding note, the companies engaged in the Indian gaming sector have immense potential to perform in the future. There are a few listed companies in this sector, some of them with core operations in the gaming industry, whereas others are operating through their subsidiary companies. Investment in these stocks comes with numerous risks, such as regulatory compliance and market competition. Therefore, investors are required to conduct thorough research and consult their investment advisor before making any investment decision.

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Frequently Asked Questions (FAQs)

  1. What are some of the best gaming shares in India?

    In India, there are various companies engaged in the gaming sector, such as Delta Corp, Reliance Industries Limited(Jio Games), Nazara Technologies, etc.

  2. Who is the regulator of the online gaming industry?

    The Ministry of Electronics and Information Technology regulates the online gaming sector in India. It creates the policies that regulate the online gaming industry.

  3. How can I invest in gaming stocks?

    To invest in gaming stocks, you must open a demat and trading account. Pocketful also offers you a lifetime free demat account, which can be opened online.

  4. Should I invest in gaming stocks?

    The gaming industry is developing very rapidly, and with the evolution of technology, the gaming sector will perform well in the near future. Hence, one can invest in gaming stocks as this industry is expected to reach $5 billion in revenue by 2025.

  5. Which is the best gaming stock in India?

    Nazara Technology is considered one of the best gaming stocks in India because it has a diversified product portfolio that includes e-sport, mobile gaming, etc. However, you should carefully analyze the companyโ€™s financial statements or consult a financial advisor before investing.

Disclaimer