Buy Happiest Minds Technologies, target price Rs 1100: Axis Securities

Axis Securities has buy call on Happiest Minds Technologies with a target price of Rs 1100. The current market price of Happiest Minds Technologies Ltd. is Rs 895.5.

Happiest Minds Technologies Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 14097.60 Crore) operating in IT Software sector.

Happiest Minds Technologies Ltd. key Products/Revenue Segments include I T Enabled Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 434.17 Crore, up 1.25 % from last quarter Total Income of Rs 428.83 Crore and up 15.88 % from last year same quarter Total Income of Rs 374.68 Crore. Company reported net profit after tax of Rs 59.62 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.24 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.05 per cent, DIIs 2.41 per cent.