Top Idea Pick! KR Choksey Picked Midcap IT Stock To Buy For 36% Gains

Top Idea Pick! KR Choksey Picked Midcap IT Stock To Buy For 36% Gains { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

KR Choksey is a leading Internet Software & Services sector midcap cap stock having a market capitalisation of Rs 12,539.94 crore.

The stock of HAPPSTMN is Rs 853.85 apiece on NSE. It is currently trading 8 .69% up from its 52 week low of Rs 785.55 apiece is. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Its 52- week high Rs 1,224.45 apiece. The stock was listed on 17 September 2020, according to NSE.

Since its date of listing it has gained 130 .18%. However, it has fallen 0 .85% in 1 week and gained 1 .7% in 1 month.

Buy for a target price of Rs 1,159 apiece

Happiest Minds is currently trading at a valuation with a P/E multiple of 51.8 x / 46 .1 x on FY 2 3 E/ FY 24 E earnings. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

We maintain our target price to INR 1,159 based on a P/E multiple of 63 x to the FY 24 estimated EPS of INR 18.4.

About - Happiest Minds Technologies Ltd.

Happiest Minds Technologies Ltd. { "selector": ".imagebox-wrapper", "duration": "2616ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.07848)"] } }

( HAPPSTMN) is a technology service provider to clients focused on digital transformation, Edutech, Industrial, BFSI, Hi- Tech, Engineering R&D, Manufacturing, Travel and Media & Entertainment.

The stock has been picked from the brokerage report of KR Choksey. { "selector": ".imagebox-wrapper", "duration": "4488ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.13464)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more