Happiest Minds share: WHOPPING 248% stock returns in 6 months; Know outlook, top triggers and more

Happiest Minds Technologies Limited shares – The stocks of Happiest Minds Technologies Limited were trading in the green on the NSE on Thursday at 12:10 pm. At Rs 1205.90, the stocks were up by 0.7 per cent from the last closing price on Wednesday. This stock also hit its 52-week high of Rs 1247.65 on 2 July 2021. What is ticking for this stock? Zee Business’ Kushal Gupta has this detailed report

This stock has given around 248 per cent returns and gained almost seven time from the issue price of Rs 166 during its Initial Public Offering (IPO) launch

Happiest Minds Technologies Limited shares – The stocks of Happiest Minds Technologies Limited were trading in the green on the NSE on Thursday at 12:10 pm. At Rs 1205.90, the stocks were up by 0.7 per cent from the last closing price on Wednesday. This stock also hit its 52-week high of Rs 1247.65 on 2 July 2021. What is ticking for this stock? Zee Business’ Kushal Gupta has this detailed report.

Gupta said that this stock has been constantly in focus. The earnings result over the last two quarters have been strong for the company, he added. The year-on-year (YoY) growth in its net profits for Q4FY21 is at 580 per cent.

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This stock has given around 248 per cent returns and gained almost seven time from the issue price of Rs 166 during its Initial Public Offering (IPO) launch. This movement has been in a six-month span, Gupta said.

He said that the growth triggers are now being seen for FY22. The company has indicated a 20 per cent growth target for this financial year. Happiest Minds Technologies has a strong presence in the OTT segment with Netflix and Amazon as top clients.

The company also tied-up with Coca Cola. Happiest Minds Technologies has its eyes on global Fortune 500 companies, Gupta said. This approach has enabled the company get contracts. The company is expecting its Dollar revenues to grow by at least 15 per cent over the next two years.

Happiest Minds Technologies is also focusing on automation, artificial intelligence and digital. Around 97 per cent of its revenues come from the digital segment, Gupta said. This is the only company in India where 97 per cent revenues come from the digital segment. It is followed by Accenture (70 per cent) and Tech Mahindra (44-47 per cent).

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Happiest Minds ने किया Happy !

शेयर में क्यों है दमदार तेजी, क्या हैं ट्रिगर्स? जानें यहां#HappiestMinds #IT @AnilSinghvi_ @KushalGupta44 pic.twitter.com/cc0GkZkUXe

— Zee Business (@ZeeBusiness) July 8, 2021