External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

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.

Equity Bottom-Up

Happiest Minds Technologies / Equity Bottom-Up

Happiest Minds Technologies (HAPPSTMN IN)

<ul><li>We met the management of Happiest Minds (HAPPSTMN) and believe that the company has growth catalysts despite services being more discretionary</li><li>The company is transitioning from an EduTech-heavy portfolio to a higher mix of BFSI and Healthcare (larger spending pool and pipeline)—recent acquisitions will accelerate growth prospects in the vertical with the up-sell opportunity</li><li>HAPPSTMN reiterated its long-term ambition to reach USD 1bn over the next eight years (23% CAGR including inorganic)—FY25E revenue growth outlook is 35 to 40% (including inorganic Pure Software &amp; Aureus, implying organic at 10-15%)</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 met the management of Happiest Minds (HAPPSTMN) and believe that the company has growth catalysts despite services being more discretionaryThe company is transitioning from an EduTech-heavy portfolio to a higher mix of BFSI and Healthcare (larger spending pool and pipeline)—recent acquisitions will accelerate growth prospects in the vertical with the up-sell opportunityHAPPSTMN reiterated its long-term ambition to reach USD 1bn over the next eight years (23% CAGR including inorganic)—FY25E revenue growth outlook is 35 to 40% (including inorganic Pure Software &amp; Aureus, implying organic at 10-15%)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: Valuation can remain elevated. Maintain ADD