535.5000 -17.55 (-3.17%)
NSE Sep 26, 2025 13:21 PM
Volume: 266.0K
 

535.50
-3.17%
ICICI Securities Limited
Happiest minds (HM) reported 3.6% QoQ USD, 3.5% QoQ CC, revenue growth, slightly lower than our estimate of 4% QoQ CC. On a YoY basis, growth was 12.7% YoY USD (7% organic). EBIT margin came in at 19.2% (-175bps QoQ), below our estimate of 21.1% due to higher employee costs attributable to slight increase in onsite employee mix and campus joinee related costs.
Axis Direct released a Buy report for Happiest Minds Technologies Ltd. with a price target of 690.0 on 09 Sep, 2025.
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