External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Happiest Minds Technologies / Equity Bottom-Up

<ul><li>Despite a globally uncertain and challenging environment marked by inflation, currency fluctuations, and geopolitical tensions, Happiest Minds Technologies Ltd. delivered a resilient operational performance in FY25.</li><li>The company’s revenue grew 26.5% YoY, aided by organic growth and PureSoftware.</li><li>HML continued to invest in digital-first capabilities (AI/GenAI, cloud, cybersecurity, IoT) to execute various projects across diverse geographies and industries while maintaining its asset-light business model and a focus on high-margin segments.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite a globally uncertain and challenging environment marked by inflation, currency fluctuations, and geopolitical tensions, Happiest Minds Technologies Ltd. delivered a resilient operational performance in FY25.The company’s revenue grew 26.5% YoY, aided by organic growth and PureSoftware.HML continued to invest in digital-first capabilities (AI/GenAI, cloud, cybersecurity, IoT) to execute various projects across diverse geographies and industries while maintaining its asset-light business model and a focus on high-margin segments.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Happiest Minds Technologies Ltd - Digital Transformation & Inorganic Opportunities to Augur Well

<ul><li>Demand Outlook: The global IT industry faces mixed macroeconomic and geopolitical uncertainty, but demand remains resilient in BFSI and healthcare, with early signs of growth in technology, media, entertainment, and manufacturing. </li><li>Order Book/Pipeline: The order book pipeline remains strong across multiple geographies and verticals, driven by the "Net New" strategy and "land and expand" approach.</li><li>H2FY26 is expected to be better than H1FY26.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Demand Outlook: The global IT industry faces mixed macroeconomic and geopolitical uncertainty, but demand remains resilient in BFSI and healthcare, with early signs of growth in technology, media, entertainment, and manufacturing. Order Book/Pipeline: The order book pipeline remains strong across multiple geographies and verticals, driven by the "Net New" strategy and "land and expand" approach.H2FY26 is expected to be better than H1FY26.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Happiest Minds Technologies Ltd - Mixed Performance; Strong Revenue Outlook

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Happiest Minds (HAPPSTMN) has strengthened its capabilities in the BFSI and Healthcare verticals, fuelled by strategic acquisitions of PureSoftware and Aureus</li><li>The recent acquisition of Gavs Technologies will further strengthen the BFSI vertical, which is now ~24% of revenue</li><li>The company is targeting future acquisitions in manufacturing, retail, and industrial sectors, focusing on capabilities like SAP S/4HANA and Cybersecurity</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Happiest Minds (HAPPSTMN) has strengthened its capabilities in the BFSI and Healthcare verticals, fuelled by strategic acquisitions of PureSoftware and AureusThe recent acquisition of Gavs Technologies will further strengthen the BFSI vertical, which is now ~24% of revenueThe company is targeting future acquisitions in manufacturing, retail, and industrial sectors, focusing on capabilities like SAP S/4HANA and CybersecurityContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Happiest Minds Technologies: Focus on Organic Growth Revival. Maintain ADD

Thematic (Sector/Industry)

<ul><li>The Indian IT services sector is positioned for a growth recovery starting in 2026, following a phase of muted performance from 2022 to 2025</li><li>The upcoming revival is expected to be underpinned by AI services, which are emerging as the key growth engine, as reflected in the increasing traction of AI-led deal wins</li><li>Drawing a parallel with the previous major cloud transformation cycle (2016–2018), the sector initially experienced growth moderation during the transition phase, as enterprises realigned to new delivery models and progressively shifted workloads to the cloud</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Indian IT services sector is positioned for a growth recovery starting in 2026, following a phase of muted performance from 2022 to 2025The upcoming revival is expected to be underpinned by AI services, which are emerging as the key growth engine, as reflected in the increasing traction of AI-led deal winsDrawing a parallel with the previous major cloud transformation cycle (2016–2018), the sector initially experienced growth moderation during the transition phase, as enterprises realigned to new delivery models and progressively shifted workloads to the cloudContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Information Technology: Growth revival: Cloud to AI led services

Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Crompton Greaves Consumer Electricals / Equity Bottom-Up

<ul>
<li>India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.</li>
<li>We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.</li>
<li>The largest five are <a href="https://www.smartkarma.com/entities/deepak-nitrite-ltd" target="_blank" data-smartkarma-citation="entities:5845" rel="noopener">Deepak Nitrite (DN IN)</a>, <a href="https://www.smartkarma.com/entities/cohance-lifesciences-limited" target="_blank" data-smartkarma-citation="entities:33463" rel="noopener">Cohance Lifesciences (COHANCE IN)</a>, <a href="https://www.smartkarma.com/entities/basf-india-ltd" target="_blank" data-smartkarma-citation="entities:19253" rel="noopener">BASF India Ltd (BASF IN)</a>, <a href="https://www.smartkarma.com/entities/crompton-greaves-consumer-electricals" target="_blank" data-smartkarma-citation="entities:24046" rel="noopener">Crompton Greaves Consumer Electricals (CROMPTON IN)</a>, <a href="https://www.smartkarma.com/entities/clean-science-and-technology" target="_blank" data-smartkarma-citation="entities:33648" rel="noopener">Clean Science and Technology (CLEAN IN)</a>.</li>
</ul>


India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.
We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.
The largest five are Deepak Nitrite (DN IN), Cohance Lifesciences (COHANCE IN), BASF India Ltd (BASF IN), Crompton Greaves Consumer Electricals (CROMPTON IN), Clean Science and Technology (CLEAN IN).


Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

India

Happiest Minds Technologies Limited provides IT services. The Company offers bigdata analytics, cloud computing, networking, engineering, digital solutions, infrastructure, and other related activities. Happiest Minds Technologies serves customers worldwide.

Happiest Minds Technologies (HAPPSTMN IN)

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Happiest Minds Technologies (HAPPSTMN IN)

Happiest Minds Technologies Ltd - Digital Transformation & Inorganic Opportunities to Augur Well

The company’s revenue grew 26.5% YoY, aided by organic growth and PureSoftware. HML continued to invest in digital-first capabilities

Axis Direct

Happiest Minds Technologies Ltd - Mixed Performance; Strong Revenue Outlook

Demand Outlook: The global IT industry faces mixed macroeconomic and geopolitical uncertainty, but demand remains resilient in BFSI and healthcare

Axis Direct

Happiest Minds Technologies: Focus on Organic Growth Revival. Maintain ADD

Happiest Minds (HAPPSTMN) has strengthened its capabilities in the BFSI and Healthcare verticals, fuelled by strategic acquisitions of PureSoftware...

HDFC Securities

Information Technology: Growth revival: Cloud to AI led services

The Indian IT services sector is positioned for a growth recovery starting in 2026, following a phase of muted performance from 2022 to 2025

HDFC Securities

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Happiest Minds Technologies Ltd - Digital Transformation & Inorganic Opportunities to Augur Well

The company’s revenue grew 26.5% YoY, aided by organic growth and PureSoftware. HML continued to invest in digital-first capabilities

Axis Direct

Happiest Minds Technologies Ltd - Mixed Performance; Strong Revenue Outlook

Demand Outlook: The global IT industry faces mixed macroeconomic and geopolitical uncertainty, but demand remains resilient in BFSI and healthcare

Axis Direct

Happiest Minds Technologies: Focus on Organic Growth Revival. Maintain ADD

Happiest Minds (HAPPSTMN) has strengthened its capabilities in the BFSI and Healthcare verticals, fuelled by strategic acquisitions of PureSoftware...

HDFC Securities

Information Technology: Growth revival: Cloud to AI led services

The Indian IT services sector is positioned for a growth recovery starting in 2026, following a phase of muted performance from 2022 to 2025

HDFC Securities

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

​India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...