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Delivery and Volume
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Happiest Minds Technologies Ltd Performance

Today's Low
795.00
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Today's High
822.10
52 Wk Low
741.00
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52 Wk High
1,023.00


Open

800

Traded Value (Cr)

24.60 Cr

Prev. Close

808.9

VWAP

812.11

Volume

2,22,338

Face Value

2

Happiest Minds Technologies Ltd Fundamentals

Market Cap
₹ 12,464 Cr
P/E Ratio (TTM)
53.43
P/B Ratio
8.94
Debt to Equity
0.38
ROE
16.64 %
EPS (TTM)
15.32
Dividend Yield
0.62%
Book Value
91.59

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Happiest Minds Technologies Ltd Financials

Happiest Minds Technologies Ltd Financials

Happiest Minds Technologies Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 50.24 % 50.24 % 51.35 % 53.24 %
Retail 32.45 % 31.97 % 30.92 % 30.54 %
Others 11.30 % 11.57 % 11.26 % 10.92 %
FII 4.69 % 5.05 % 5.14 % 4.52 %
Mutual Funds 1.32 % 1.18 % 1.33 % 0.78 %

Promoters

50.24%

Retail

32.45%

Others

11.30%

FII

4.69%

Mutual Funds

1.32%

Promoters

50.24%

Retail

31.97%

Others

11.57%

FII

5.05%

Mutual Funds

1.18%

Promoters

51.35%

Retail

30.92%

Others

11.26%

FII

5.14%

Mutual Funds

1.33%

Promoters

53.24%

Retail

30.54%

Others

10.92%

FII

4.52%

Mutual Funds

0.78%

Resistance and Support

₹817.10

PIVOT

resistance-arrow
Resistance
First Resistance₹839.850
Second Resistance₹866.650
Third Resistance₹889.400
support-arrow
Support
First Resistance₹790.300
Second Resistance₹767.550
Third Resistance₹740.750
RSI70.590
MACD18.438
ADX13.264
CCI34.004

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day222,338115,90938.28
Week477,512213,80652.69
1 Month413,535206,04349.18
6 Months222,338100,43345.17

About Happiest Minds Technologies Ltd

Incorporated on March 30, 2011, Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) is engaged in next generation IT solutions & services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things. The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel & Transportation, Manufacturing and Media space. Happiest Minds provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions. The Company engineer next-generation products and platforms across software and hardware that power digital evolution and provide end-to-end engineering services for developing high-quality, scalable, and secure products. It has expertise in core technologies like cloud, mobile UI/UX, hardware & embedded, DevOps and emerging technologies like blockchain, AI, edge computing, drones and computer vision across edutech, hi-tech, media and entertainment, healthcare & life sciences, industry, and manufacturing sectors, which provide with a competitive advantage and have enabled to build smart and connected product solutions and services. As on 31 March 2018, the Company has only one wholly owned subsidiary company viz., Happiest Minds Technologies LLC, USA. Pursuant to initial public offering, the Company was converted into a Public Limited Company pursuant to a Special Resolution passed in the Extra Ordinary General Meeting of the Shareholders of the Company held on 13 May 2020 and name of the Company changed to its present name Happiest Minds Technologies Limited', and a fresh Certificate of Incorporation was issued by the Registrar of Companies on 20 May 2020. Accordingly, the Company has amended Memorandum of Association and adopted new Articles of Association of the Company effective 13 May, 2020. As approved by the Board of Directors on 16 March 2020 and on 13 May 2020, the Company in aggregate has converted 433,728 14% Series A Non-Cumulative Compulsorily Convertible Preference Share of Rs. 652/- each to 70,697,664 Equity Shares of Rs.2/- each as per the conversion ratio of 163 Equity Shares for every Preference Share. Since there has been no operations in the subsidiary company, the Company had on 16 March 2020 initiated steps to voluntarily dissolve and wind-up the company and accordingly the subsidiary company was wound up on 03 June 2020. During the FY2021, the Company made an Initial Public Offering ('IPO') of 4,22,90,091 equity shares of face value of Rs 2 each of the Company for cash at a price of Rs 166 per equity share, including a premium of Rs 164 per equity share aggregating to Rs 7,02.02 Crore, comprising of a fresh issue of 66,26,506 equity shares aggregating to Rs 110 Crore and an offer for sale of 84,14,223 equity shares by Mr. Ashok Soota, the Promoter and 2,72,49,362 equity shares by CMDB II, the Investor, aggregating to Rs 592.02 Crore. The issue opened on 07 September 2020 and closed on 09 September 2020. The Company's entire paid-up share capital consisting of 14,68,63,556 equity shares were listed and admitted for dealing on the National Stock Exchange of India Limited and BSE Limited with effect from 17 September 2020. On 27 January 2021, the Company signed definitive agreements acquiring 100% voting interest in PGS Inc., a US based end-to-end digital e-commerce solutions company, from Moonscape Inc., USA (parent company of PGS Inc.) for total computed consideration of USD 13.31 million (approximately Rs. 9,720 lakhs), comprising cash consideration of USD 8.25 million (approximately Rs. 6,025 lakhs) and fair-valued contingent consideration in the form of warrants of USD 5.06 million (approximately Rs. 3,696 lakhs) over the next three years, to be settled by PGS Inc. to Moonscape Inc. As of 31 March 2021, the Company had one wholly owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2020-21, Company signed definitive agreements to acquire, with effect from January 1, 2021, 100% ownership interest in PGS Inc which had permission to Do Business As 'DBA' - Pimcore Global Services, a Houston, USA, based digital e-commerce and data management solutions company for a cash consideration of US $8.25 million. Prior to the acquisition, PGS was a Customer of the Company. Revenues of PGS for the fiscal ended December 31, 2020 (pre-acquisition) was circa US$ 10.6 million during which period Company counted PGS as one of its US$ 2M + customer. Post-acquisition, the name of the PGS Inc. got changed to Happiest Minds Inc. During the year 2021-22, Company made a strategic investment into Tech4TH, a consulting led technology services company that exclusively focuses on the travel and hospitality segment. As of March 31, 2022, Company had one wholly-owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.). During the year 2022-23, Company acquired Sri Mookambika Infosolutions Private Limited (SMI), a Madurai headquartered, profitable, IT services company for an equity consideration of Rs 111.32 Crores, which became effective from January 01, 2023.

Managing Director

Venkatraman Narayanan

Founded

2011

NSE Symbol

HAPPSTMNDS

Happiest Minds Technologies Ltd Management

NameDesignation
Ashok SootaExecutive Chairman
Venkatraman NarayananManaging Director & CFO
Anita RamachandranIndependent Director
Rajendra Kumar SrivastavaIndependent Director
Shubha Rao MayyaIndependent Director
Praveen Kumar DarshankarCompany Sec. & Compli. Officer
Joseph AnantharajuExecutive Vice Chairman & CEO

Happiest Minds Technologies Ltd News

Happiest Minds Technologies to acquire Macmillan Learning India
For a consideration of Rs 4.5 cr
Happiest Minds Technologies features in Fortune India's Top 30 Future Ready Workplaces of India
Happiest Minds Technologies develops GenAI chatbot 'hAPPI'
Happiest Minds Technologies partners with MindSculpt Analytics
To build preventive & diagnostics platform for MindSculpt Analytics
Happiest Minds Technologies enters into strategic collaboration with ENERCON
Happiest Minds partners with Secureworks
To provide cybersecurity excellence to enterprises
Happiest Minds spurts on new vertical structuring
Happiest Minds Technologies rallied 4.84% to Rs 874.75 after the company announced its new vertical organization structure comprising six new industry groups.
Happiest Minds Technologies announces new vertical organization structure
Happiest Minds Q3 PAT rises 2% QoQ to Rs 60 cr
The IT company's consolidated net profit rose 2% to Rs 59.62 crore in Q3 FY24 as against Rs 58.46 crore recorded in Q2 FY24.
Happiest Minds Technologies consolidated net profit rises 3.54% in the December 2023 quarter
Sales rise 11.72% to Rs 409.88 crore

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Happiest Minds Technologies Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Happiest Minds Technologies Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Happiest Minds Technologies Ltd's share price is ₹812.35 as of April 19, 2024

Happiest Minds Technologies Ltd's P/E ratio is 53.43 times as of April 19, 2024.

Happiest Minds Technologies Ltd's most recent financial reports indicate a price-to-book ratio of 8.94, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Happiest Minds Technologies Ltd's market is 12,464 Cr as on April 19, 2024.

The current financial records of Happiest Minds Technologies Ltd show a 16.64% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Happiest Minds Technologies Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Happiest Minds Technologies Ltd's 52-week high and low as of April 19, 2024 are ₹822.1 and ₹795 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Happiest Minds Technologies Ltd stands at 50.24%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 5.05% to 4.69%.