Happiest Minds Shares Soar 10% After Strong Buy Call from Anand Rathi – Should You Invest Now?

happiest minds share price

Happiest Minds Jumps After Bullish Analyst Coverage

Shares of Happiest Minds Technologies surged nearly 10% after leading brokerage firm Anand Rathi initiated coverage on the stock with a strong BUY recommendation. This move has generated excitement among retail and institutional investors alike.

Brokerage Sets ₹790 Target, Signals Over 30% Upside

Anand Rathi has placed a target price of ₹790 on the stock, indicating an upside potential of over 30% from the previous closing price. This has sparked significant interest in Happiest Minds, positioning it as one of the most talked-about mid-cap IT stocks currently.

Shift in Business Focus Towards Growth Verticals

Happiest Minds has been strategically diversifying its business portfolio. The company is increasing its focus on high-growth verticals such as Banking & Financial Services (BFSI) and Healthcare. These segments now contribute nearly 42% of total revenues, a sharp rise from just 27.5% in the previous year.

This shift is seen as a move to stabilize revenues and capitalize on fast-evolving opportunities in these sectors.

New Leadership and AI Initiatives Driving Optimism

Another factor that impressed analysts is the company’s recent leadership change. Happiest Minds has appointed a Chief Growth Officer (CGO) whose role is to spearhead client acquisition and increase cross-selling across its verticals. This is expected to boost the company’s revenue pipeline.

Additionally, the company has launched a dedicated AI business unit, signaling a strong push toward future-oriented technologies. The AI unit is already playing a role in securing new deals and expanding client relationships.

Key Factors Behind Analyst’s Buy Recommendation

Here are some major reasons Anand Rathi is bullish on Happiest Minds:

  • Diversified Revenue Mix: Increased exposure to BFSI and healthcare verticals
  • Leadership Initiatives: Appointment of a CGO to scale up business growth
  • AI-Led Expansion: A focused strategy around artificial intelligence
  • Attractive Valuation: Around 30% upside potential from current levels

Should You Consider Buying?

For investors looking to add a promising mid-cap IT stock with strong fundamentals and a forward-looking business model, Happiest Minds could be a solid contender. The company’s renewed focus on AI, leadership restructuring, and expanding into resilient verticals like healthcare make it a stock worth watching.

However, investors should always assess their own risk appetite and consider consulting a certified financial advisor before making any investment decisions.

Final Thoughts

With renewed analyst coverage and clear growth strategies, Happiest Minds Technologies appears well-positioned to benefit from the next wave of digital transformation in India and beyond. If the company executes as expected, it could reward patient investors with strong returns in the coming quarters.