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HAPPIEST MINDS TECHNOLOGIES Plunges 7%; BSE IT Index Down 0.1%
Tue, 25 Jun 9:35

HAPPIEST MINDS TECHNOLOGIES Plunges 7%; BSE IT Index Down 0.1%Image source: Chunumunu/www.istockphoto.com

HAPPIEST MINDS TECHNOLOGIES share price has plunged 7% and is presently trading at Rs 847.0.

Meanwhile, the BSE IT index is at 36,131.1 (down 0.1%).

Among the top losers in the BSE IT index today are ROUTE MOBILE (down 2.6%) and Tata Elxsi (down 1.2%).

INTELLECT DESIGN (up 4.2%) and Eclerx Services (up 2.0%) are among the top gainers today.

Over the last one year, HAPPIEST MINDS TECHNOLOGIES has moved down from Rs 1,005.6 to Rs 847.0, registering a loss of Rs 158.6 (down 15.8%).

On the other hand, the BSE IT index has moved up from 29,410.8 to 36,131.1, registering a gain of 22.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 150.8%), INFIBEAM AVENUES (up 105.2%) and Birlasoft (up 102.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,489.1 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,489.1, registering a gain of 13,965.9 points (up 22.0%).

HAPPIEST MINDS TECHNOLOGIES Financial Update...

HAPPIEST MINDS TECHNOLOGIES net profit grew 24.8% YoY to Rs 720 million for the quarter ended March 2024, compared to a profit of Rs 577 million a year ago. Net sales rose 10.4% to Rs 4,173 million during the period as against Rs 3,780 million in January-March 2023.

For the year ended March 2024, HAPPIEST MINDS TECHNOLOGIES reported 7.5% increase in net profit to Rs 2,484 million compared to net profit of Rs 2,310 million during FY23. Revenue of the company grew 13.7% to Rs 16,247 million during FY24.

The current Price to earnings ratio of HAPPIEST MINDS TECHNOLOGIES, based on rolling 12 month earnings, stands at 51.9.


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