Introducing Priya Kanduri, CTO & Vice President, Cyber Security Services, Happiest Minds Technologies, who won the Technology Leader of the Year award category at the ETPrime Women Leadership Awards 2023.

ETPWLA 2023: Priya Kanduri wins in the Technology Leader of the Year category at ETPrime Women Leadership Awards 2023

ICICI Direct recommended hold rating on Happiest Minds Technologies with a target price of Rs 929 in its research report dated August 10, 2023.

Hold Happiest Minds Technologies; target of Rs 929: ICICI Direct

YES Securities is bullish on Happiest Minds has recommended buy rating on the stock with a target price of Rs 1125 in its research report dated August 09 2023.

Buy Happiest Minds; target of Rs 1125: YES Securities

Maintains 25% revenue growth guidance for FY24.

Happiest Minds Q1 Results Review - Near-Term Challenges Impacted Performance: Yes Securities

NCLT to decide on Zee-Sony merger; Happiest Minds to acquire digital cos; Suzlon to raise Rs 2K cr via QIP; Axis Bank to buy 6% stake in Max Life; L&T to acquire 26% stake in L&T Special Steel; Taylormade Renewables wins Rs 159 cr order; 21st Century Mgmt-WestCoast Paper to report results.

Stocks that will see action today: August 10, 2023

Mid-tier IT firm Happiest Minds Technologies plans to acquire digital companies to fuel growth, as it aims to reach its revenue target of achieving $1 billion by 2031.

Happiest Minds looks to make acquisitions in digital space

Q1 Review: Happiest Minds’ Profit & Revenue Beats Estimate

Happiest Minds clocked a revenue growth of 3.41% sequentially in the April-June quarter, even as profit came ahead of estimates.

Happiest Minds Q1 Results: Growth Sustains Amid Marginal Uptick In Profit

Happiest Minds Technologies Ltd’s shares rose 1% after the company joined the ServiceNow Consulting and Implementation Partner Program. Leveraging the ELLIPSE MSP platform, Happiest Minds will deliver Intelligent IT and Enterprise Service Management solutions to customers, offering tangible ROI and …

Happiest Minds strengthens ServiceNow partnership, shares up

Happiest Minds Technologies, an IT firm founded by Ashok Soota, has announced the successful completion of its capital raise of ₹500 crore ($61 million) through a qualified institutions placement (QIP) of equity shares.

Ashok Soota’s Happiest Minds raises ₹500 cr. through QIP

Happiest Minds Technologies Ltd has completed a Rs 500-crore capital raise via QIP. 54,11,255 equity shares at Rs 924/share have been allotted to eligible investors. Proceeds for working capital, investments, growth & other purposes.

Happiest Minds completes Rs 500-crore capital raise through QIP

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Happiest Minds Technologies is a digital transformation IT consulting & services company focused on big data, analytics cloud, mobility and security services.