Happiest Minds Technologies Ltd up by 13.15 percent | Espresso

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Espresso shot of the day – Happiest Minds Technologies Ltd up by 13.15 percent

July 01, 2021
Espresso shot of the day – Happiest Minds Technologies Ltd up by 13.15 percent

HAPPIEST MINDS TECHNOLOGIES LTD 1139.20 (+13.15%) BSE – INE419U01012 | 1ST JULY 2021

Happiest Minds Technologies Ltd., a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. They do this by leveraging a spectrum of disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, Internet of Things, robotics/drones, security, virtual / augmented reality and so on. Positioned as Born Digital. Born Agile, their capabilities span digital solutions, infrastructure, product engineering and security. They deliver these services across industry sectors such as Automotive, BFSI, Consumer Packaged Goods, e-Commerce, EduTech, Engineering R&D, Hi-Tech, Manufacturing, Retail and Travel/Transportation/Hospitality. A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India, with operations in the US, UK, Canada, Australia and the Middle East.

Recent Drivers

  • On June 29, 2021, Happiest Minds Technologies announced that it is among India's Top 25 Best Companies to Work for in 2021. This prestigious award was announced by the Great Place to Work Institute, where Happiest Minds was ranked #21 in the largest workplace culture study in the country.
  • On June 25, 2021, Happiest Minds Technologies and Yotta Infrastructure have entered into a strategic partnership to jointly offer world-class co-location services and Yotta's cloud solutions on the “anything-as-a-service” model as part of the Happiest Minds portfolio.
  • Happiest Minds Technologies Ltd. reported Rs 36.05 crores net profit for the quarter ending March 2021, up by 580%, a significant rise on a year-on-year (YoY) basis. The company’s net profit for the same quarter last year stood at Rs 5.3 crores.
  • Happiest Minds Technologies Ltd. reported Rs 220.71 crores in revenues for the quarter, up 18.4% YoY, against Rs 186.35 crores for the same period last year.
(Sources: Business Standard, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.78%
  • Traded on all-time-high value of 1207.55
  • Spurt in volume by more than 6.91 times compared to previous volume | 3 months avg. volume: 3,02,122
  • Quantity traded: 12,94,554 | Deliverable quantity: 2,45,241 (18.94%)
  • Stock price has jumped more than 300% from one-year-low level: 285.55 (November 5, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1,207.55 | 52-week-low: 285.55

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

506.97

450.98

397.52

341.53

288.07

232.08

178.62

-

Fibonacci Pivot

450.98

409.17

383.34

366.17

341.53

316.36

299.72

273.89

232.08


Today’s Close

1139.20

SMA

BSE

10 DAY

945.92

20 DAY

937.11

50 DAY

836.66

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap: 16,730.70 crores

PE: –

OPM%: 27.88

ROE%: 20.70

Promoters holding%: 53.25

Prev. Close: 1006.80

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.