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Happiest Minds Gets An 'Add' Rating From HDFC Securities, Hikes Target Price — Here's Why
HDFC Securities maintains Add on Happiest Minds with a target price of Rs 760, valued at 32x Mar-27E EPS.
07 Mar 2025, 09:41 AM IST 
At the current market price, Happiest Minds is trading at 36/30x FY26/27E, lower than its historical average multiple of 45x.
(Photo Source: Unsplash)
Happiest Minds has strengthened its capabilities in the BFSI and Healthcare verticals, fuelled by strategic acquisitions of PureSoftware and Aureus. The recent acquisition of Gavs Technologies will further strengthen the BFSI vertical, which is now ~24% of revenue.
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