Top Idea Pick! KR Choksey Picked Midcap IT Stock To Buy For 36% Gains
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.
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.
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.
( 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.
Disclaimer
The stock has been picked from the brokerage report of KR Choksey.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.
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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt