If Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585.
Revenue Growth and OPM of Happiest Minds are continuously falling
FY22 - 41% & 24%
FY23 - 31% & 25%
FY24 - 14% & 21%
Q4(24) - 10.4% & 20%
Return on Equity
5 Years: 30%
3 Years: 26%
Last Year: 21%
If it continues like this, It may not trade on Premium...
Break out on 25th April 2024
Retest 7th May 2024
Strong Support @800
Now, SBI may break out of Level 840 Successfully and tends to move towards 880 & 900.
Disclaimer: This Information is for Educational Purpose only. I'm not SEBI Registered Advisor.