New Delhi. Multibagger Stock 2021- Happiest Minds Technologies stock has given more than 300% return to shareholders since it came on the market in September last year. Large cap stock increased its listed price from Rs 351 on September 17, 2020 to Rs 1,440 in the current trading session. If you had invested Rs 1 lakh in shares of Happy Minds Technologies on September 17 last year, it would have been Rs 4.10 lakh today.
Check the share price ..
IT stocks reached a new high of Rs 1,440.30 on Tuesday, up 1.89% from the previous Rs 1413.50. However, on Wednesday, the share price was 1,414.85. Happiest Minds stock is trading above the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock has risen 314.85% since the beginning of this year.
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Shares of the company traded at Rs 4.28 crore on the BSE. The market cap of the firm has increased by Rs 20,904 crore on the BSE. The firm has performed better than its peers in terms of stock market returns in almost a year.
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Know the financial condition of the company
The profit for the June quarter stood at Rs.05.01 crore, down 2.2.2 per cent from Rs 48.7 crore in the same period last year. However, revenue grew by 41 per cent to Rs 331 crore as compared to the same month last year. The company’s financial performance has weakened since the December 2020 quarter. Profit fell from Rs 42.15 crore in the third quarter to Rs 36.92 crore in the fourth quarter of last fiscal.
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