HAPPSTMNDS

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Shares of

declined as much as 3.9% on Monday to hit their 52-week low of ₹640 apiece on the NSE. The stock has fallen 6% in the past five trading sessions and 18% in the past one year. Last week, Happiest Minds Technologies’ MD and CFO Venkatraman Narayanan said that the company was closely watching economic conditions in the US as concerns over a potential recession and stagflation affect client decision-making. Narayanan added that companies in the US are cautious, which could impact future business deals.