Mr. Ashok Soota is waiting for the day to come soon mostly :)Hello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought an IT stock with an investment idea that has been sideways for a long time. Now it looks like that movement will come, and it will cross 830+ soon. That will be the breakout of the stock, and it may move further after that. Strong support at 720. Difficult to break. It may consolidate between this range, but it looks doubtful that it will break 720. It has a good price and time to accumulate slowly for the long term. If it breaks 830 and sustains, then upside targets as per fibbo are 925, 1050, 1150, 1250, and 1400+. IT index is super bullish so full chance for this company to change trend from sideways to Uptrend. Lets see…
It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future.
Source: Screener.in
Happiest Minds Technologies Ltd
About
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company
Key Points
Business Overview:
Company offers IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. In the Solution space, focus areas are Security, M2M and Mobility solutions. Additionally, company is an authorized partner with global information technology players to deploy their services and create custom solutions.
Business Units:
a) Product Engineering Services (PES): This unit assists software product companies in building products and services that integrate mobile, cloud and social technologies
b) Digital Business Services (DBS): DBS unit provides advisory, design and architecture, custom-app development, package implementation, testing and on-going support services to IT initiatives
c) Infrastructure Management & Security Services (IMSS): This delivers integrated end-to-end infrastructure and security solutions with specialization in cloud, virtualization and mobility across a multitude of industry verticals and geographies.
** In FY24, company introduced Generative AI Business unit, which is expected to mature in 2-3 years.**
Solutions Offered:
a) APPrise
b) Digital Assisted Selling Platform (DASP)
c) Data Accel
d) Digital Content Broker Solution (MCaaS)
e) Integrated Security as a Services (iSaaS)
f) Location Mobile Personalization (LO-MO-ME)
g) MIDAS
h) Digital Customer On Boarding (d COB™)
Technology Offered:
Analytics, Artificial Intelligence, Automation,
Cloud, Digital Infrastructure Management,
Internet of Things, Security, Software
product engineering, etc.
Services Offered:
a) Agile Infrastructure
b) Data Management
c) Digital Transformation Services
d) Managed Infrastructure & Security
Services
e) Product Engineering Services
f) IT Security Services
g) Web Technologies
User Industries:
Automotive, Banking, Consumer packaged Goods, E-Commerce, Education Publishing, Manufacturing, Retail, Travel & Hospitality, etc.
Clientele
The company has 244 active clients. Out of these, 57 companies are Fortune2000 / Forbes200 Billion dollar corporations. ~88% is repeat business. ~53% clients are >5 yrs old.
International Presence:
USA, UK, Australia, Canada, Netherland, Singapore, Malaysia and Dubai
Liquidity
As of Q2FY24, company has cash equivalents and liquid investments of ~Rs. 1,135 crs. Also, they raised Rs. 500 crs. through QIP and Rs. 135 crs. through NCDs.
Revenue Breakup - Q2FY24
PES : 50%
DBS : 27%
IMSS : 17%
Oth Inc: 6%
Geographical Revenue Split - FY22:
Company generated revenue from Exports ~81% which consisted of Infrastructure Management & Security Services ~14%, Digital Business Services ~23% and Product Engineering Services ~44%
Country wise Revenue Mix FY23
USA: 70%
India: 15%
Others : 15%
Promoter Holding Pledged
As on December 31, 2022, 7.01% of the shares of Ashok Soota are pledged.
Source: Yahoo Finance
Happiest Minds Technologies
Simply Wall St Growth Rating: ★★★★★☆
Overview: Happiest Minds Technologies Limited offers IT solutions and services across various regions including India, the United States, and several other countries, with a market cap of ₹110 billion.
Operations: Happiest Minds Technologies Limited operates in the IT solutions and services sector, catering to clients across regions such as India, the United States, Canada, and several others. The company generates revenue through its diverse service offerings in digital business solutions, product engineering services, and infrastructure management.
Happiest Minds Technologies has demonstrated robust financial performance with a significant 21% yearly revenue growth, outpacing the Indian market average of 10.6%. This growth is complemented by an impressive forecast of 24.8% annual earnings expansion over the next three years, highlighting its potential in a competitive tech landscape. Notably, the company's recent launch of Happiest Minds' Secureline360, an AI-driven security solution, underscores its commitment to innovation and sector leadership in cybersecurity solutions. This strategic focus not only enhances its service offerings but also positions it well for sustained growth amidst evolving digital threats.
• Get an in-depth perspective on Happiest Minds Technologies' performance by reading our health report here.
• Learn about Happiest Minds Technologies' historical performance.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
