Happiest Minds Technologies Ltd

NSE
HAPPSTMNDS •
BUY

1W Return

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1M Return

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6M Return

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1Y Return

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Start SIP in Happiest Minds Technologies Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Mar 29, 2023
1.2
TTM PE Ratio
Below industry Median
55.2
Price to Book Ratio
High in industry
15.4
Dividend yield 1yr %
Below industry Median
0.7
TTM PEG Ratio
PEG TTM is much higher than 1
14.4
RSI
RSI is mid-range
48.6
MFI
MFI is mid-range
62.4

Happiest Minds Technologies Ltd Key Financials

*All values are in ₹ Cr.

Happiest Minds Technologies Ltd shareholding Pattern

Promoter
50.2%
Foreign Institutions
5%
Mutual Funds
1.2%
Domestic Institutions
2.4%
Public
40.2%

Happiest Minds Technologies Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
5
Bearish Moving Averages
11
5Day EMA
848.00
10Day EMA
845.70
12Day EMA
845.70
20Day EMA
848.70
26Day EMA
852.00
50Day EMA
861.00
100Day EMA
869.30
200Day EMA
880.60
Delivery & Volume
Resistance & Support
852.95
Pivot
Resistance
First Resistance
858.90
Second Resistance
869.55
Third Resistance
875.50
Support
First Support
842.30
Second support
836.35
Third Support
825.70
Relative Strength Index
48.57
Money Flow Index
62.43
MACD
-6.27
MACD Signal
-9.70
Average True Range
25.40
Average Directional Index
18.36
Rate of Change (21)
-1.85
Rate of Change (125)
-8.62

Happiest Minds Technologies Ltd Company background

Founded in: 2011
Managing director: Venkatraman Narayanan
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 nextgeneration products and platforms across software and hardware that power digital evolution and provide endtoend engineering services for developing highquality, 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, hitech, 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 NonCumulative 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 windup 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 Companys entire paidup 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 endtoend digital ecommerce 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 fairvalued 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 202021, 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 ecommerce 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 (preacquisition) was circa US 10.6 million during which period Company counted PGS as one of its US 2M + customer. Postacquisition, the name of the PGS Inc. got changed to Happiest Minds Inc.During the year 202122, 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 whollyowned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.).During the year 202223, 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.
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Happiest Minds Technologies Ltd FAQs

Happiest Minds Technologies Ltd shares are currently priced at 848.25 on NSE and 848.15 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Happiest Minds Technologies Ltd [HAPPSTMNDS] share was -1.03. The Happiest Minds Technologies Ltd [HAPPSTMNDS] share hit a 1-year low of Rs. 763.25 and a 1-year high of Rs. 1023.

The market cap of Happiest Minds Technologies Ltd is Rs. 12916.71 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Happiest Minds Technologies Ltd is 53.31 as of 2/29/2024 12:00:00 AM.

The PB ratios of Happiest Minds Technologies Ltd is 9.37 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 1.18% at the end of 2/29/2024 12:00:00 AM.

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