Happyness Is In The Mind - #HAPPSTMINDS

About Happiest Minds

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. 

We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. Positioned as ‘Born Digital . Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. 

We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail and travel/transportation/hospitality.

Why BullishMomentum likes Happiest Minds

Well lets spare you the stories and all value jargons, the company has amazing financial ratios, client base, gross margins, when compared with IT biggies considering it's market cap. You can read a lot about this company's unique business model, margins, value proposition . However that's not what we liked about it. 

Happiest Minds is a smaller company that does the same thing as MindTree and L&T Infotech — but clearly it is doing it a lot better | Business Insider India

What's unique about this company is it's promotor and chairmen Mr. Ashok Soota

Ashok Soota is an Indian IT entrepreneur who served for more than 30 years in the IT industry. He is a serial entrepreneur and the executive chairman and co-founder of Happiest Minds Technologies.

He served as President of Wipro Infotech from 1984 to 1999. Under his watch, Wipro's IT business grew from US$2 million in 1984 to a US$500 million run-rate in 1999.

Soota co-founded Mindtree in 1999 which has currently a revenue of US$1 Billion, has an approximate of 20212 employees, and offices across the Americas, Europe and Asia.

In 2011, Soota co-founded Happiest Minds Technologies, with its headquarters in Bangalore, India.

Technical Setup & Risk Reward

Let's talk about momentum.

Happiest Minds was recommended to our members on 18th December 2021 and they were suggested to buy even more when the stock went down due to weak markets. The stock remained in accumulation zone before breaking out huge. 

Please note our specialty is beautiful risk reward, we believe in maximizing rewards with minimum possible risk. The stock is still held closely as our portfolio stock for long term and we see multifold returns from this in years to come.

In our blog previously we had covered Matrimony at the price of 639/- (recommended to members at 395/-) the stock has made an high of 969.90 till now and CMP is 812 which is double from our recommended price.

We had also discussed Saregama India in this blog at the price of 503/- (recommended to members at 295/-) the stock has made an high of 1098 till now and CMP is 1035/- which is more than 3 times of our recommended price.

Hope you like our third multibagger recommendation on this blog! 

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