Happiest Minds Technology offers services that fall within the category of “product engineering services”. This includes managed cloud services, consulting related to infrastructure and evaluation, GRC services, MDR services, OT security services, cyber security services, Healthcare cybersecurity, and ZTA.
With Yes Securities initiating a buy rating on the IT company, Happiest Minds Technologies, with a target price of Rs. 1,018 per share, the stock is up 27% from its market price. Despite short-term challenges in the past year, mainly due to macroeconomic issues, the company is slow in growing. However, it has made some significant strides in the offering of its services, and this gives investors hope. The company has had a strong focus on its digital business and a huge workforce offshore.
Since June 2021, the company has declared 4 dividends. In the last year, an equity dividend of Rs. 4 per share was declared.
With a firm foot in diverse segments of IT services and a strong potential for expansion, Happiest Minds Technologies displays positive growth prospects.
The financial performance of Happiest Minds Technologies Ltd has been positive over the last few quarters with the company’s operations in full mode. The company has made a mark in the IT industry. An average target is estimated at Rs. 1116.50 per share as against previous prices of around 800 per share, indicating a rise of around 33% shortly. With total assets at Rs. 1,o82 crore, and no contingent liabilities, the company is on relatively solid financial ground.
Reports from analysts show a consensus of Happiest Minds Technologies having a target average of Rs. 1116.50. The estimated consensus represents an uptick of 38.49% which is more than the last known price of around 800.
The future outlook of Happiest Minds Technologies is bright with good numbers and predictions from analysts that the company will succeed more than in previous quarters.