Are you hunting for the Happiest Minds share price target? Well, your search is going to end here because on this page, the team of ShareKingz.com has delivered the best information on the Happiest Minds stock target for 2024 to 2050.
So, it’s my promise that after reading this blog post, you will be able to make a relevant decision on whether to invest in this share or not. Without further ado, let’s get started!
About Happiest Minds
Happiest Minds Technologies Limited an Indian IT (Information Technology) company which is headquartered in Bangalore. Company has its operations in the United States, United Kingdom, Canada, Australia and Middle East.
Happiest Minds was founded in 2011 by Ashok Soota who has been with Shri Ram Group in 1965. Ashok Soota has been the president of Wipro Infotech from 1984 to 1999. Under Ashok’s leadership, Wipro’s revenue from IT business had grown from USD 2 million in 1984 to USD 500 million in 1999.
Then, Ashok Soota co-founded Mindtree which we all know is another Indian IT company. Then, he founded Happiest Minds which brought its IPO in 2020 that gave investors a massive return on their investment. Currently, Happiest Minds has 230 clients as of December 2022 and their business is divided into three verticals categories – Digital Business Service (DBS), Product Engineering Service (PES), and Infrastructure and Management Security Service (IMSS).
As of Q3 2023, Happiest Minds’ voluntary attrition rate is 20.9% which could be a reason of concern for the company. 67.5% of the company’s revenue comes from the US, 15.4% from India, 9.4% from Europe and 7.7% from the rest of the world.
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Happiest Minds Share Analysis
Data As of 4th January 2024
|Current Market Price
|Rs. 13,721 Crore
|52 Week High
|52 Week Low
Positive Points About Company
- Strong promoter background.
- Business model is looking good and expected to grow in future as digitization is going to have immense growth.
- Over the last five years, the company has generated a good profit growth of 112% CAGR.
- Company is maintaining healthy ROCE and ROE over the last few years.
- Considering its efforts in AI and cloud business which are expected to grow in future, the company’s growth outlook seems positive.
- Happiest Minds has a strong client network.
- They have a good revenue per customer.
Negative Points About Company
- Their concentration of some of their clients is the first negative point.
- Risk of succession of Ashok Soota is also there.
- And attrition rate of 20.9% is also a concern for the organization.
Happiest Minds Share Price Target 2024 to 2050
Everyone is familiar with the terms target and stop loss when trading or investing in the stock market. What exactly are these? Stop loss is when you don’t want to take any more risk than the limit, and target is when you sell your stock for a predetermined profit.
For example, you bought a share at Rs. 100 and you decided that 95 is your stop loss and 110 is your target which you analyzed according to a chart or something else. So, which situation comes first, your trade will either be in loss or in profit. That’s the simple explanation of target price and stop loss in share market.
Let’s have a look at the target price of Happiest Minds stock for every year up to 2050.
|Happiest Minds Stock Price Target
Before we continue, please keep in mind that the target prices listed above are only estimates based on what we believe may happen in the future. However, reality may alter in the future due to changes in economic variables and other reasons.
As a result, the share price will differ appropriately. As a result, please take my advice with a grain of salt. And, talk to your financial advisor before making any type of investment in equity markets. There’s a popular saying that decisions about money should be made on excel sheets only. So, just open up your excel sheet and try calculating the target price as per your analysis as well.
It’s time to look at certain facts that have thrown out these target prices over the next three decades.
Factors Influencing Happiest Minds Stock Target Price
Happiest Minds’ share price target is influenced by a number of things. The first consideration is the industry trend. Because of the rising adoption of digital technology by enterprises, the IT services industry is in great demand. This trend is projected to continue, and Happiest Minds is well-positioned to capitalize on it due to its expertise in digital transformation solutions.
Another factor influencing Happiest Minds’ stock price target is financial performance. In fiscal year 2023-24, the company expects to generate good financial results, with revenue growing at a rate of 20% year on year and a net profit margin of roughly 16%. This performance has aided the organization in gaining investor trust and attracting additional financing.
Finally, the share price target is heavily influenced by the company’s tactics and future intentions. Happiest Minds intends to invest in extending its global reach, focusing on future technologies such as cloud computing and artificial intelligence, and developing client relationships. These tactics are likely to aid the company’s future sales growth and profitability.
Finally, Happiest Minds is a rapidly expanding IT services firm with a distinct business model and a track record of good financial performance. Industry trends, business model, financial performance, and the company’s goals and future plans are all elements impacting its share price target. If you liked the post, share it on social media now!