Happiest Minds Share Price Target 2024 to 2030: We are excited to share our detailed outlook on Happiest Minds Share. This will cover Happiest Minds Share Price Targets for 2024 to 2025. With the rapid rise in digital transformation services, Happiest Minds has huge potential. In this post, we’ll break down projected price targets and key factors that shape the company’s future performance.
Let’s dive into the insights and see what 2024 to 2030 will hold for Happiest Minds shareholders.
What is Happiest Minds?
Happiest Minds Technologies (NSE: HAPPSTMNDS) is a digital transformation company. It enhances customer experience and business efficiency with technologies like AI, blockchain, and IoT. With a “Born Digital. Born Agile” mindset, it serves industries like banking, healthcare, and retail. Headquartered in Bengaluru, it operates globally and is recognized for corporate governance and as a Great Place to Work.
Expertise of Happiest Minds
Happiest Minds is a major player in IT solutions. Below are some expertise and the sector in which it provides the services.
Vision
The company’s vision is to become a preferred digital transformation partner, emphasizing sustainable growth and a people-centric approach.
Mission
Happiest Minds’ mission is to enable “Digital Happiness” by empowering clients with cutting-edge technology and innovation.
For more details about the company visit- Happiest Minds
Fundamental Analysis of Happiest Minds Share Price Target
Fundamental Ratios
The following values show the recent financial health of Happiest Minds. They highlight its strong performance. The values also demonstrate the company’s commitment to sustainable growth in the IT services sector. The company maintains a solid financial foundation.
| Metric | Value | Comments |
|---|---|---|
| Sales Growth | 3-Year: 20%, TTM: 25% | It is maintaining a Balanced approach, focusing on growth. |
| Profit Growth | 3-Year: 22%, TTM: 30% | Maintaining Significant profit growth. |
| EPS (FY 2024) | ₹16.00 | Maintaining Consistent earnings. |
| Dividend Payout | 40% | Trying to reduce financial risk. |
| Return on Equity (ROE) | Last Year: 20% | It reflects efficient use of capital as ROE is High |
| Debt–Equity Ratio | Negligible debt | No Financial Risk. |
| Cash Flow (FY 2024) | Operating: ₹450 Cr, Net: ₹80 Cr | Healthy Cash flow, chances for Future Expansion. |
Profit and Loss
Below data shows Happiest Minds’ financial performance, highlighting growth in revenue, profitability, and strategic reinvestment in recent years.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|
| Sales (₹ Cr) | 698 | 761 | 1,034 | 1,333 | 1,473 | 1,488 |
| Expenses (₹ Cr) | 599 | 571 | 788 | 1,012 | 1,184 | 1,220 |
| Operating Profit (₹ Cr) | 99 | 190 | 246 | 321 | 289 | 268 |
| OPM % | 14% | 25% | 24% | 24% | 20% | 18% |
| Other Income (₹ Cr) | 5 | 23 | 38 | 22 | 113 | 125 |
| Interest (₹ Cr) | 8 | 6 | 8 | 22 | 42 | 50 |
| Depreciation (₹ Cr) | 20 | 21 | 24 | 30 | 34 | 36 |
| Profit Before Tax (₹ Cr) | 75 | 186 | 251 | 292 | 325 | 307 |
| Tax % | 3% | 13% | 26% | 26% | 24% | – |
| Net Profit (₹ Cr) | 73 | 162 | 186 | 216 | 246 | 232 |
| EPS (₹) | 14.87 | 11.03 | 12.70 | 14.73 | 16.14 | 15.24 |
| Dividend Payout % | 0% | 26% | 29% | 36% | 35% | – |
Shareholding Pattern
The shareholding structure of Happiest Minds includes significant promoter holdings, showing confidence in the company’s long-term growth.
| Category | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|
| Promoters | 53.24% | 53.24% | 53.24% | 51.35% | 50.24% |
| FIIs | 4.07% | 4.15% | 4.52% | 5.14% | 5.05% |
| DIIs | 1.32% | 1.26% | 1.26% | 2.43% | 2.41% |
| Public | 38.74% | 38.84% | 38.68% | 38.94% | 40.20% |
| Others | 2.61% | 2.50% | 2.28% | 2.15% | 2.10% |
Peers
Let us compare Happiest Minds with its competitors.
| Sr.No | Company | P/E Ratio | Comments |
|---|---|---|---|
| 1 | Infosys | 24.5 | A higher P/E compared with Happiest Minds. |
| 2 | Tata Consultancy Services | 29.6 | A higher P/E compared with Happiest Minds |
| 3 | Wipro | 20.8 | A higher P/E indicates premium valuation as compared with compared with Happiest Minds. |
| 4 | Tech Mahindra | 22.1 | A Balanced P/E compared with Happiest Minds. |
| 5 | L&T Technology Services | 40.3 | A higher P/E indicates premium valuation as compared with compared with Happiest Minds. |
Pros.
- Focus on high-growth tech services like AI and cloud which is very good sign.
- It is doing its business in various sectors.
- Huge growth as there is high demand for digital services.
Cons.
- It sector has very Tough competition.
- The possible impact of Global economies, especially from Europe and the US.
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Technical Analysis of Happiest Minds Share Price Target
Historical Price Analysis
Happiest Minds share price has All time low is 307 and all time high is 1580. The all time has achieved by this counter is within 9 months from all time low of 307. The Total return is 400% or 4 Times. This we have shown in below monthly candlestick chart of Happiest Minds Share.
Current Happiest Minds Price
As of October 30, 2024, The Happiest Minds Share Price is ₹768.
Happiest Minds Share Price Target 2024
Happiest Minds Share Price Target for 2024 end will be ₹1000. This is based on its latest price action. The price action is made on daily charts, which is shown below.
It has made a descending-triangular pattern, its near to support level of ₹730 to ₹740. One can buy the stock at these levels with a stop loss of ₹700 level. The Target will be a minimum ₹1000. The % returns will be 30 to 40%.
| Happiest Minds Share Price Target | Target 1 | Target 2 |
|---|---|---|
| 2024 | 980 | 1000 |
Happiest Minds Share Price Target 2025
Happiest Minds Share Price Target for 2025 is between ₹1200 to ₹1500.
There is not much difference between the weekly and monthly charts of Happiest Minds. You can refer above weekly chart pattern for the demand and supply zones.
| Happiest Minds Share Price Target | Target 1 | Target 2 |
|---|---|---|
| 2025 | 1200 | 1500 |
Happiest Minds Share Price Target 2026 to 2030
By 2026, the Happiest Minds stock is estimated to hit around ₹1835 to ₹1,900. This is due to strengthening its position in AI and cloud computing.
Experts forecast the heritage share price between ₹4,000 and ₹4,200 by 2030, given the company’s plans for innovation and expansion.
We have shown the support and Resistance level of Happiest Minds Share. The support Zone is 730 to 740. There is minor hurdle at 875. Once the share breach level 875, It will achieve the ₹1000 level.
| Happiest Minds Share Price Target | Target 1 | Target 2 |
|---|---|---|
| 2026 | 1835 | 1900 |
| 2027 | 2000 | 2150 |
| 2028 | 2500 | 2600 |
| 2029 | 3000 | 3200 |
| 2030 | 4000 | 4200 |
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Key Growth Drivers
What will Drive Happiest Mind’s growth over the next few years?
Infrastructure Expansion
The plan of future Investment in digital infrastructure globally will create a strong demand.
Brand Trust and Quality
Quality service and Products helps in customer retention and new client acquisition for Happiest Minds.
Domestic and International Expansion
It operates in more than 30 countries. The company ensures its presence worldwide by providing digital solutions.
Rising Demand for Digital Connectivity
AI and cyber security, are Happiest Minds’ core strengths and future requirements.
Distribution Network Expansion
The Robust network ensures client needs or expectations meets regularly..
Product Innovation
Its presence and Staying ahead in technology allow the company to provide cutting-edge solutions.
Strategic Partnerships
Strategic alliances enhance its capabilities and technology solutions. As and whenever required will overtake or make joint ventures.
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Challenges and Risks
Market Competition
As an IT company, Happiest Minds has touched on complications from small players including Market leaders.
Economic and Regulatory Risks
Uncertainty in economic conditions and regulations due to wars will impact growth, especially in international markets like Europe.
Long-Term Investment Potential
Future Outlook
The future outlook for Happiest Minds is promising. The company’s focus on cutting-edge technologies like cloud computing, cyber security, and AI aligns well with future digital demands.
Investment Recommendations
Several brokerage firms are analyzing the Happiest Minds Share Price. Below are some target price forecasts that investors will find useful.
| Brokerage Firm | Target Price (INR) | Comments |
|---|---|---|
| Motilal Oswal | 45% Returns from the Current Market Price of 770 | 45% Returns from the Current Market Price of ₹770. |
| Centrum Broking | ₹835 | 8.5% Returns from the Current Market Price of ₹770. |
| Indmoney | ₹852 | 10% Returns from the Current Market Price of ₹770. |
| Kotak Securities | ₹900 | 16% Returns from the Current Market Price of ₹770. |
Key Takeaway
Happiest Minds an appealing investment for those seeking long-term gains. As always, it’s crucial to keep an eye on both the company’s performance and broader market trends.
FAQ
What is Happiest Minds Share Price Target for 2025?
It’s expected to be between ₹1,200 and ₹1,500, depending on the company’s growth
Why is Happiest Minds a good investment?
The company has strong financials, focuses on high-demand areas like AI and cloud computing, and has a broad client base.
What risks should investors be aware of?
Key risks include intense competition in the tech sector and economic changes that could affect IT spending.
What are the growth prospects of Happiest Minds Technologies Ltd?
Happiest Minds Technologies has a firm foot in diverse segments of IT services. It also shows a strong potential for expansion. These factors display positive growth prospects
What is the future outlook for Happiest Minds Technologies Ltd?
The future outlook of Happiest Minds Technologies is bright. It is supported by good numbers and predictions from analysts. They believe the company will succeed more than in previous quarters.
What is Happiest Minds Share Price Target for 2030?
Happiest Minds Share Price Target for 2030 expected to be between ₹4000 and ₹4200, depending on the company’s growth.
Disclaimer– The views shared here are only for educational purposes. We are not SEBI registered.
Please take advice from your personal finance adviser. We are not responsible for any loss incurred by you in the above shared study.
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