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>Larsen &amp; Toubro: Larsen &amp; Toubro (LT) reported revenue/EBITDA/APAT at INR 679.8/68.1/39.3bn, a miss of 5.4/5.2/6.4%, marked by slower execution in water projects and extended monsoons</li><li>P&amp;M margins stood at 7.8% in Q2FY26 (vs 7.6/7.6% in Q1FY26/Q2FY25)</li><li>Given robust order inflows of INR 2.1trn (+39% YoY) in H1FY26, LT now expects to beat earlier 10% order inflow growth guidance for FY26</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.

Larsen &amp; Toubro: Larsen &amp; Toubro (LT) reported revenue/EBITDA/APAT at INR 679.8/68.1/39.3bn, a miss of 5.4/5.2/6.4%, marked by slower execution in water projects and extended monsoonsP&amp;M margins stood at 7.8% in Q2FY26 (vs 7.6/7.6% in Q1FY26/Q2FY25)Given robust order inflows of INR 2.1trn (+39% YoY) in H1FY26, LT now expects to beat earlier 10% order inflow growth guidance for FY26Content 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.

HSIE Results Daily: Larsen & Toubro, Jindal Steel, Shree Cement, PB Fintech

<ul><li>The IT sector is expected to report subdued revenue growth in an otherwise seasonally strong quarter, as persistent global macroeconomic uncertainty and recent US tariff measures continue to dampen discretionary spending</li><li>Clients remain cautious, resulting in slower growth and intensified pricing pressure, although deal activity witnessed some improvement towards the end of the quarter</li><li>The overall deal pipeline remains steady, with deal wins in cost optimization, infrastructure modernization, and AI-led initiatives.</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 IT sector is expected to report subdued revenue growth in an otherwise seasonally strong quarter, as persistent global macroeconomic uncertainty and recent US tariff measures continue to dampen discretionary spendingClients remain cautious, resulting in slower growth and intensified pricing pressure, although deal activity witnessed some improvement towards the end of the quarterThe overall deal pipeline remains steady, with deal wins in cost optimization, infrastructure modernization, and AI-led initiatives.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.

IT Sector (Q2FY26E Results Preview): Steering through uncertainty

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

HSIE Results Daily: Larsen & Toubro, Jindal Steel, Shree Cement, PB Fintech

Larsen & Toubro (LT) reported revenue/EBITDA/APAT at INR 679.8/68.1/39.3bn, a miss of 5.4/5.2/6.4%, marked by slower execution in water projects...

HDFC Securities

IT Sector (Q2FY26E Results Preview): Steering through uncertainty

The overall deal pipeline remains steady, with deal wins in cost optimization, infrastructure modernization, and AI-led initiatives.

HDFC Securities

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