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Happiest Minds Technologies Ltd (HAPPSTMNDS)

₹819.50.53%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Happiest Minds Technologies Ltd share Performance

  • ₹813.05
    ₹824.9
    ₹819.5
    downward going graph

    0.79%

    Low

    Day's Volatility:1.45%

    High

    0.66%

    downward going graph
  • ₹741
    ₹1,023
    ₹819.5
    downward going graph

    9.58%

    Low

    52 Weeks Volatility:34.41%

    High

    24.83%

    downward going graph
1 Month Return+ 0.77 %
3 Month Return-2.77 %
1 Year Return-6.16 %
Previous Close₹815.15
Open₹819.00
Volume2.30L
Upper Circuit-
Lower Circuit-
Market Cap₹12,412.68Cr

Analyst Rating

based on 5 analysts

BUY
80.00%
Buy
20.00%
Hold
0.00%
Sell

Based on 5 analysts offering long term price targets for Happiest Minds Technologies Ltd. An average target of ₹889.4

Source: S&P Global Market Intelligence

Company Information

Happiest Minds Technologies Ltd is a leading IT services company incorporated in August 2011. The company provides a wide range of services including Digital Transformation, Product Engineering, Infrastructure Management, Security, Cloud, Analytics and Mobility.

Happiest Minds Technologies offers products and services that span across multiple industry verticals such as Banking & Financial Services, Retail, Manufacturing, Automotive, Healthcare, Media & Entertainment, Hi-Tech & Telecom, and Travel & Hospitality. Some of its popular products include Digital Platforms, Mobile Solutions, Cloud Solutions, and Enterprise Solutions.

The company's popular brands include Happiest Minds, Happiest Minds Cloud Services, Happiest Minds IoT, and Happiest Minds Security. It also offers a wide range of services such as Consulting, System Integration, Application Development & Maintenance, and Infrastructure Management.

Share Price: ₹819.50 per share as on 17 May, 2024 04:01 PM
Market Capitalisation: ₹12,412.68Cr as of today
Revenue: ₹417.29Cr as on March 2024 (Q1 24)
Net Profit: ₹71.98Cr as on March 2024 (Q1 24)
Listing date: 17 Sep, 2020
Chairperson Name: Joseph Anantharaju
OrganisationHappiest Minds Technologies Ltd
HeadquartersBengaluru
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Happiest Minds Technologies Ltd

  • Happiest Minds Reports 25% YoY Growth in Net Profit - 17 May, 2024

    During Q4 FY24, Happiest Minds reported a 25% YoY growth in net profit at ₹72 crore. Total revenue for the quarter grew by 14.5% YoY to ₹442.50 crore. The company has announced a strategic partnership with Salesforce consulting firm Solvio. However, shares of the company have declined by nearly 9.70% since the beginning of the year.

  • Happiest Minds Forms Partnership with Solvio for Salesforce Consulting - 16 May, 2024

    Happiest Minds Technologies has announced a strategic partnership with Solvio, a leading Salesforce consulting firm, aimed at delivering practical solutions globally and increasing operational efficiencies. The collaboration will help customers strengthen their brand preferences and amplify business growth. Following the announcement, Happiest Minds' stock rose by 1.23% on the NSE.

  • Happiest Minds Technologies Downgraded to ACCUMULATE - 15 May, 2024

    Happiest Minds Technologies reported Q4FY24 revenue of INR 4,173 Mn (+1.8% QoQ), missing estimates due to lower growth in EduTech and manufacturing verticals. EBIT missed estimates despite posting an EBIT of INR 683 Mn (+3.4% QoQ). Adj. profit of INR 590 Mn (-0.8% QoQ) also missed estimates due to higher-than-expected taxes amid gains on exceptional items. The company's rating has been downgraded to ACCUMULATE from BUY.

  • Happiest Minds Technologies Shows Promising Financial Trajectory - 13 May, 2024

    Despite a recent dividend cut, Happiest Minds Technologies reported robust YoY earnings growth with net income rising to INR 2.48 billion from INR 2.31 billion and sales increasing to INR 16.25 billion from INR 14.29 billion last fiscal year. The firm's focus on innovative AI solutions and strategic partnerships underscores its commitment to maintaining a competitive edge in the tech sector.

  • Happiest Minds to Acquire Aureus Tech Systems for $8.5 Million - 10 May, 2024

    Happiest Minds Technologies is set to acquire US-based digital product engineering company, Aureus Tech Systems, for $8.5 million by June 2024. The acquisition will strengthen Happiest Minds' domain capabilities in insurance, healthcare and life sciences, as well as its product and digital engineering services business.

  • Happiest Minds Acquires Aureus Tech Systems for $8.5 Million - 09 May, 2024

    Happiest Minds Technologies subsidiary, Happiest Minds, is set to acquire a 100% stake in US-based digital product engineering firm Aureus Tech Systems for $8.5 million, bolstering its domain expertise in the insurance, reinsurance, healthcare, and life sciences verticals.

  • Happiest Minds Reports Strong Q4 Results and Plans for Growth - 08 May, 2024

    Happiest Minds Technologies reports strong Q4 results with a YoY increase in revenue and profit, beating expectations. The company plans for decent organic growth and cross-selling across its three business units, aiming for an estimated growth of about 35-40% for next year. Happiest Minds is on course towards accomplishing $1 billion in revenues by FY31. Analysts recommend buying shares.

  • Happiest Minds Reports Strong Financial Performance - 07 May, 2024

    IT firm Happiest Minds Technologies reported strong financial performance with an increase in consolidated net profit, annual profits, and revenue. The company recommended a final dividend of Rs 3.25 per equity share of Rs 2 each for FY23-24. Happiest Minds also acquired PureSoftware Technologies and is focusing on their newly launched GenAI business unit.

  • Happiest Minds Acquires PureSoftware Technologies - 26 Apr, 2024

    Happiest Minds Technologies is set to acquire PureSoftware Technologies for $94.5 million, strengthening its domain capabilities in banking, financial services, insurance, healthcare, and life sciences verticals.

  • Happiest Minds Acquires PureSoftware Technologies - 25 Apr, 2024

    Happiest Minds Technologies has acquired Noida-based PureSoftware Technologies for $94.5 million (Rs 779 crore), strengthening its domain capabilities in banking, financial services, insurance (BFSI) and healthcare and life sciences verticals.

  • Happiest Minds CEO Expects Focus on Employment Generation and Infrastructure - 24 Apr, 2024

    Venkatraman Narayanan, the managing director and CEO of Happiest Minds Technologies Ltd, believes that after elections, the government should focus on employment generation, improving infrastructure, education, health, and ease of doing business.

  • Happiest Minds Acquires Edtech Firm, Shares Fall - 19 Apr, 2024

    Happiest Minds Technologies is set to acquire 100% stake in edtech firm Macmillan Learning India for Rs 4.5 crore, strengthening its edutech vertical and becoming a strategic partner for the Macmillan group. However, shares fell over 1% on the news.

Fundamentals of Happiest Minds Technologies Ltd

Insights on Happiest Minds Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 1.18% to 1.32% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 15 quarters, 187.91 Cr → 455.45 Cr (in ₹), with an average increase of 6.1% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 40.20% to 40.57% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 6 quarters, 57.58 Cr → 71.98 Cr (in ₹), with an average increase of 4.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 25.5% return, outperforming this stock by 31.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 50.24% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 46.2% return, outperforming this stock by 36.8%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 5.05% to 4.69% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, HAPPSTMNDS stock has moved down by -6.2%

Happiest Minds Technologies Ltd Valuation

Happiest Minds Technologies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (34.57x)

January 7, 2021

Industry (32.93x)

May 16, 2024

Today (48.72x)

May 16, 2024

Highest (144.65x)

July 19, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
PGIM India Midcap Opportunities Fund Direct GrowthPGIM India Midcap Opportunities Fund Direct Growth0.62%
PGIM India Small Cap Fund Direct GrowthPGIM India Small Cap Fund Direct Growth2.12%
PGIM India Flexi Cap Fund Direct GrowthPGIM India Flexi Cap Fund Direct Growth0.42%
UTI Innovation Fund Direct GrowthUTI Innovation Fund Direct Growth2.89%
PGIM India ELSS Tax Saver Fund Dir GrPGIM India ELSS Tax Saver Fund Dir Gr0.82%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
50.24%
0.00
Foreign Institutions
4.69%
0.00
Mutual Funds
1.32%
0.00
Retail Investors
40.57%
0.00
Others
3.17%
0.00

Technicals of Happiest Minds Technologies Ltd share

News & Events of Happiest Minds Technologies Ltd

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Happiest Minds Technologies Ltd (HAPPSTMNDS) share price today is ₹819.5

Happiest Minds Technologies Ltd is listed on NSE

Happiest Minds Technologies Ltd is listed on BSE

  • Today’s highest price of Happiest Minds Technologies Ltd is ₹824.9.
  • Today’s lowest price of Happiest Minds Technologies Ltd is ₹813.05.

PE Ratio of Happiest Minds Technologies Ltd is 48.72

PE ratio = Happiest Minds Technologies Ltd Market price per share / Happiest Minds Technologies Ltd Earnings per share

Today’s traded volume of Happiest Minds Technologies Ltd(HAPPSTMNDS) is 2.30L.

Today’s market capitalisation of Happiest Minds Technologies Ltd(HAPPSTMNDS) is ₹12412.68Cr.

Happiest Minds Technologies Ltd(HAPPSTMNDSPrice
52 Week High
₹1023
52 Week Low
₹741

Happiest Minds Technologies Ltd(HAPPSTMNDS) share price is ₹819.5. It is down -19.89% from its 52 Week High price of ₹1023

Happiest Minds Technologies Ltd(HAPPSTMNDS) share price is ₹819.5. It is up 10.59% from its 52 Week Low price of ₹741

Happiest Minds Technologies Ltd(HAPPSTMNDSReturns
1 Day Returns
4.35%
1 Month Returns
0.77%
3 Month Returns
-2.77%
1 Year Returns
-6.16%