The IT sector is one of the favorite sectors of every investor. Happiest Minds is one of them. Today we will discuss Happiest Minds share price target for 2023, 2024, 2025, 2026, and 2030.
Happiest Minds was listed on the NSE and BSE on September 17, 2020, with a share price ranging from INR 165 to INR 166. At present, the share is trading around INR 950 to INR 1050.
In this article, we will discuss Happiest Minds share price target, business model, strengths and weaknesses. After reading this article, you will be in a position to decide whether or not to invest in this company.
Before knowing the Happiest Share Target Price, let's analyze the company's business.
Background of Happiest Minds
Happiest Minds Technologies, a leading mid-cap IT services company, was founded in 2011. Its headquarters is located in Bangalore.
The company was founded by Mr. Ashok Soota. Ashok Soota started his career in 1965 with the Sree Ram Group of Companies. Ashok Soota is a well-known figure in the IT sector.
After that, he was also the Chairman of Wipro from 1984 to 1999. Ashok Soota was a key person in the success of Wipro. He also founded Mindtree, which has a revenue of more than a billion dollars today, with over 20,000 employees.
Currently, Ashok Soota is the Chairman of this company.
Happiest Minds Share Price Target 2023
The current market cap of this IT software company is approximately INR 14,000 crore. The current Happy Minds stock is trading in the range of INR 950-1,050 and the current P/E is 73. This high P/E ratio tells us that the stock is currently trading at a premium valuation.
The industry P/E is 25.48, which indicates that the stock is currently trading at roughly twice the value. Happy Minds' IPO has consistently been trading upwards. Some correction is now being seen in this share.
The company has posted very good results for the September-2022 quarter. The sales figures for this quarter are quite impressive. Therefore, we expect to see a good return in the near future. The Happy Minds share price target for 2023 is not yet clear. It will depend on various factors such as market conditions, company performance, and investor sentiment.
Happiest Minds Share Price Target 2024
Due to its IT diversified segment, this company has the ability to become a multi-bagger. If the company performs well in the coming years, it can see significant growth in its business.
IT services are the backbone of the global economy. There is still a lot of demand in the IT sector, which IT companies can tap into.
The first target for Happiest Minds Share Price Target 2024 will be INR 1370. If it achieves its first target, the second target of INR 1490 can be seen.
To achieve good returns, it is necessary to hold good companies for a long period of time and review the stock periodically.
Happiest Minds Share Price Target 2025
Happiest Minds is a quality company with a lot of positivity. Its strong presence in digital technologies, strong promoter background, and customer relationships also provide benefits to the company.
The most important thing is that Happiest Minds has a scalable business model with several factors of stable development. However, some IT companies have been under pressure due to the inflation of the US for some time, as most IT revenues come from the US.
The first Happiest Minds Share Price Target for 2025 will be INR 1670, while the second target will be INR 1785.
Happiest Minds Share Price Target 2026
If you want to hold Happiest Minds Technologies Limited for a long period, you may see good returns in this share.
If the company increases its sales and profit in the future, the share price may continue to rise. The first Happiest Minds share price target for 2026 is ₹1950. After achieving the first target, this share may touch the level of ₹2100.
However, there are some risks for the company such as high competition, data security, changing technology, fluctuations in foreign prices, etc. Therefore, it is important to consider all these points.
These targets are dependent on how the company will perform in the future. If something goes wrong, the share price may also see a decline.
Happiest Minds Share Price Target 2030
"Holding a good stock for 8 to 10 years can significantly increase your returns. However, after a few years, the management of Happiest Minds company may change. If the new management tries to increase the company's business, the stock price may increase.
The first target price for Happiest Minds shares in 2030 will be INR 4200. This target is based on the company's current growth rate.
If the company performs very well and shows significant growth in sales, the target in 2030 could also be INR 4350."
Happiest Minds Share Price Target 2040
Experts believe that in the coming 20-30 years, IT companies will be completely saturated. This industry is expected to grow at a good growth rate.
If HappyMinds is successful in taking advantage of these opportunities, it can benefit its investors. If the company remains viable until 2040, it will certainly be a leading IT company at that time.
A target of 20% CAGR for INR 30,000 can be seen for 2040.
FAQ - Happiest Minds Share Price Target
Is Happiest Minds a good company to invest in?
The company has been performing well and has a good financial standing. It is founded by Mr. Ashok Soota, who is experienced.
Is Happiest Minds a small-cap company?
No, it is a mid-cap company.
Is Happiest Minds a debt-free company?
Happiest Minds does have some debt, but it can be easily managed.
Is Happiest Minds a good investment for a long-term perspective? Based on the current outlook, we can consider this company for a long-term investment.
Conclusion:
There is no doubt that Happiest Minds is one of the best companies in its field. The company has shown such growth in its business that it is likely to give good returns to shareholders in the future.
Happiest Minds has been making improvements in its financials. However, it may face some strong competition from its competitors. Therefore, it is always important to track your company after investing.
Always keep in mind that if you want to buy shares, do not forget to do your own analysis. We hope you enjoyed the article on Happiest Minds Share Price Target 2023, 2024, 2025, 2026, 2030 or Happiest Minds Share Price Future Prediction.
Disclaimer - In this post, we have only discussed the company's fundamentals. It is not a recommendation to buy or sell shares. Please do your own analysis before making any investment decisions.