Nazara Crash: Nikhil Kamath & Madhusudan Kela Lose ₹100 Cr, Rekha Jhunjhunwala’s Exit Raises Debate

Nikhil Kamath and Madhusudan Kela Face Heavy Losses in Nazara Shares

Click Here Quick takeaway — Ace investors lost nearly ₹100 crore in Nazara as stock fell 26.6%. Rekha Jhunjhunwala exited early, sparking insider trading debate.

Market volatility has taken a toll on well-known investors Nikhil Kamath and Madhusudan Kela, who together suffered a mark-to-market loss of around ₹100 crore in just four trading sessions due to the sharp fall in Nazara Technologies.

Breakdown of losses

• Nikhil Kamath’s stake value declined by ₹58.30 crore.
• Madhusudan Kela’s holding fell by ₹42.38 crore.
• They hold 15.04 lakh and 10.96 lakh shares respectively in Nazara Technologies.

Stock performance

Nazara Technologies stock has tumbled 26.6% in recent sessions, hitting fresh lows and eroding significant investor wealth. The sudden fall shows how even marquee investors are not immune to sharp market corrections.

Rekha Jhunjhunwala’s timely exit

Interestingly, veteran investor Rekha Jhunjhunwala exited her Nazara stake before the recent crash. Her timely selling helped her avoid the heavy drawdown that others are now facing. This sparked market discussions and sharp criticism from Ms Moira, who accused her of having insider trading advantage. While such allegations remain unproven, the episode highlights the risks of information asymmetry in the markets.

Lessons for Retail Traders

• Do not blindly follow celebrity investors — they may exit quietly before the fall.
• Diversify your portfolio to reduce the impact of single-stock volatility.
• Rely on fundamentals and valuations instead of market rumours.
• Set stop-loss levels and follow them strictly to limit downside risk.
• Remember: Even top investors face losses — risk management is key.

Takeaway: The Nazara episode shows how star investors can face heavy losses while some manage timely exits. For retail investors, discipline, risk control and independent analysis matter more than following big names.

Disclaimer: For educational purposes only. Always consult SEBI registered advisor for guidance.

Written by Indian-Share-Tips.com and we are SEBI registered advisory services.