External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

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

Happiest Minds Technologies (HAPPSTMN IN)

<ul><li>We attended the investor and analyst call hosted by Happiest Minds Technologies Limited regarding its proposed strategic combination with ITC Infotech, including the promoter’s stake sale to ITC Infotech, to gain insights on the company’s strategic merger initiatives, synergy benefits, growth roadmap, and transaction details.</li><li>The combined entity positions as India’s 11th largest IT services firm as per FY26 revenue (Rs 7,033 Cr), leveraging complementary strengths in AI, digital engineering, SAP, and PLM.</li><li>Operating across 30+ countries with over 19,000 professionals and 800+ clients, the entity targets stable operating margins of ~18.1%</li></ul><p><em>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.</em></p>

We attended the investor and analyst call hosted by Happiest Minds Technologies Limited regarding its proposed strategic combination with ITC Infotech, including the promoter’s stake sale to ITC Infotech, to gain insights on the company’s strategic merger initiatives, synergy benefits, growth roadmap, and transaction details.The combined entity positions as India’s 11th largest IT services firm as per FY26 revenue (Rs 7,033 Cr), leveraging complementary strengths in AI, digital engineering, SAP, and PLM.Operating across 30+ countries with over 19,000 professionals and 800+ clients, the entity targets stable operating margins of ~18.1%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.

Company Update: Happiest Minds Technologies Ltd - 02nd September, 2026