External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Happiest Minds Technologies / Equity Bottom-Up

Happiest Minds Technologies (HAPPSTMN IN)

<ul><li>We Initiate Coverage on Happiest Minds Technologies Ltd. (Happiest Minds) with a BUY rating and Target Price of Rs 1,100/share, implying an upside of 22% from the CMP.</li><li>We believe the company is well-placed to revive its growth momentum, which would be driven by 1) Significant growth opportunities in the ER&amp;D (Product Engineering) space in the various verticals, 2) Sustainable operating margins on account of better services mix and improving operational efficiencies, 3) Robust balance sheet, strong return ratios, and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) Ramp up in new deal wins along with strong client additions.</li><li>We believe these attributes would aid Happiest Minds in achieving sustainable growth in the long term.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We Initiate Coverage on Happiest Minds Technologies Ltd. (Happiest Minds) with a BUY rating and Target Price of Rs 1,100/share, implying an upside of 22% from the CMP.We believe the company is well-placed to revive its growth momentum, which would be driven by 1) Significant growth opportunities in the ER&amp;D (Product Engineering) space in the various verticals, 2) Sustainable operating margins on account of better services mix and improving operational efficiencies, 3) Robust balance sheet, strong return ratios, and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) Ramp up in new deal wins along with strong client additions.We believe these attributes would aid Happiest Minds in achieving sustainable growth in the long term.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Happiest Minds Technologies Ltd - Agile Growth Aided by Robust Digital Services Portfolio