Happiest Minds Stock Wakes up After Years to Surge Nearly 11%

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Strong Analyst Outlook and Strategic Growth Spurs Gains in Happiest Minds Stock

By S JHA

MUMBAI, June 17, 2025 – Shares of Happiest Minds Technologies Ltd. soared 10.94% on Tuesday, closing at ₹667.55 on the BSE, up from ₹601.70 the previous day, marking a significant breakout after months of consolidation. The smallcap IT consulting and software company’s stock rally was driven by bullish analyst coverage, robust financial performance, and optimism about its strategic initiatives.

On April 4 this year, the Happiest Minds Stock had slumped to its low for several months of ₹586. On July 16, 2021, the Happiest Minds Stock has hit the peak of ₹1494. Since the Bengaluru-based IT firm founded by Ashok Soota had been steadily declining. From July 1, 2022 till Tuesday when Happiest Minds Stock spiked, the shar has been trading in a narrow range to almost test patience of investors.

Anand Rathi, a brokerage firm, initiated coverage for the Happiest Minds Stock with a ‘Buy’ rating and a target price of ₹790. The target implied a potential upside of over 18%. The brokerage cited Happiest Minds’ “inorganic growth strategy” through acquisitions like PureSoftware and Aureus, which have bolstered its revenue mix and expanded capabilities, particularly in AI and digital transformation.

“The verticalized organizational structure drives operational efficiency and focused growth,” Anand Rathi noted, emphasizing the company’s strong positioning in high-growth sectors like BFSI and healthcare. Gains in the Happiest Minds Stock came amid an all-round bullish overtone in IT counters. The IT largecaps such as Infosys, Tech Mahindra, HCL Technologies, Wipro and others defied bearish sentiments on the street on Tuesday.

On X, user @sharemarket3 celebrated the rally, stating, “Happiest Minds shares jump 12%! Anand Rathi initiates coverage with a ‘Buy’ rating and sets a ₹790 target — the highest on Dalal Street.”

Liveindia.tv reported that the stock hit an intraday high of ₹662.95 and a low of ₹602.05, with a one-month gain of 9.8% and a weekly increase of 5.77%, despite a year-to-date decline of 25.94%. The outlet noted that the stock’s moving averages indicate “recent bullish momentum,” with shorter-term averages aligning with the current price. The company’s market capitalization stood at ₹9,162.38 crore as of March 31, 2025.

Business Standard underscored Happiest Minds’ strong financials, reporting a 30.5% year-on-year revenue increase to ₹544.57 crore for Q4 FY25, though net profit fell 52.76% to ₹34 crore due to macroeconomic challenges and edtech segment weakness. The company’s full-year revenue grew 26.8% to ₹2,060.84 crore, with analysts forecasting double-digit growth in FY26, driven by AI integration and sectoral strength.

Market analyst Nakul Vibhor on X noted the stock’s technical breakout, stating, “Happiest minds moved out of consolidation after 2 months with good volumes… trading at 665 and may head towards 780 – 840 levels.” Vibhor also highlighted SBI Mutual Fund’s increased stake, showing institutional confidence.

However, ICICI Securities maintained a cautious ‘Reduce’ rating with a ₹610 target, citing slower-than-expected growth and revised EPS estimates. The stock’s performance comes amid broader market dynamics, with the BSE Information Technology index gaining 15.57% over the past month.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)

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