Happiest Minds Technologies Ltd. Share Price

Overview

Happiest Minds Technologies Ltd. share price is currently ₹304.84, up by ₹1.82 (0.6%) from its previous closing price of ₹303.02. The share price has declined -9.07% over the past month and declined -40.55% over the past year. The stock's 52-week low and high are ₹293.39 and ₹527.82, respectively. Happiest Minds Technologies Ltd. has a market capitalisation of ₹ 4,717.47 Cr. The share price was last updated on 12 Oct 2026, 03:58 PM IST.

Happiest Minds Technologies Ltd.
Happiest Minds Technologies Ltd.
HAPPSTMNDS
 ₹0.00
 ₹1.82
0.60%
IT
 ₹0.00(%)1D

Updated: 12 Oct 2026, 03:58:34 pm IST

Market Data

Open Price

 ₹301.57

Prev. Close

 ₹303.02
 ₹301.57

Day Low

 ₹308.77

Day High

 ₹293.39

52 Week Low

 ₹527.82

52 Week High

ITIT - Software
CategorySmall Cap

Fundamentals

Quick Bite

Price To Earnings Ratio

20.54

Sector PE

19.48

PB Ratio

2.72

Sector PB

4.49

EPS

14.84

Dividend Yield

1.77

Today's Volume

419.913 K

5 Day Avg. Volume

542.218 K

PEG Ratio

1.37

Market Cap.

₹ 4,717.47 Cr.

StockGro Trade views

Technical Analysis

Forecasts 🧭

Financials

Corporate Actions

ActionsEx-DateRecord-Date
DividendsFinal Dividend of 182.5% at ₹3.65/Share
17-Jul-202617-Jul-2026
DividendsInterim Dividend of 137.5% at ₹2.75/Share
04-Nov-202504-Nov-2025
DividendsFinal Dividend of 175% at ₹3.5/Share
18-Jul-202518-Jul-2025
DividendsInterim Dividend of 125% at ₹2.5/Share
27-Nov-202427-Nov-2024

Mutual Fund Ownership

Mutual Fund Holder
Aug 26
Shares held
Sep 26
Shares held
SBI Innovative Opportunities Fund - Regular Plan - Growth26.51 Lac
12.43 Lac
(53.12%)
Bandhan Small Cap Fund - Regular Plan - Growth4.21 k
5.77 Lac
(13594.31%)
UTI Innovation Fund - Regular Plan - Growth2.29 Lac
2.29 Lac
no change
Motilal Oswal Nifty Microcap 250 Index Fund - Regular Plan - Growth2.14 Lac
2.23 Lac
(4.18%)
Quantum Small Cap Fund - Regular Plan - Growth1.05 Lac
1.05 Lac
no change

About Happiest Minds Technologies Ltd. 👋

Happiest Minds Technologies Limited is an India-based digital transformation information technology (IT) consulting and services company. Its segments include Infrastructure Management & Security Services (IMSS), Product Engineering Services (PES), and Digital Business Services (DBS). The IMSS segment delivers integrated infrastructure and security solutions with specialization in cloud, virtualization, and mobility across a multitude of industry verticals and geographies. The DBS segment delivers enterprise applications and customized solutions. This also provides advisory, design and architecture, custom-app development, package implementation, and testing services for IT initiatives. The PES segment assists software product companies in building products and services that integrate mobile, cloud, and social technologies. It offers a range of solutions, including APPrise, Digital Assisted Selling Platform (DASP), Integrated Security as a Service 9 (iSaaS), and others.

Expert Opinions

Insights from SEBI-registered analysts · updated live

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TrueNorth Capital

TrueNorth Capital

2 Sep • 11:20 PM · SEBI-Registered Analyst

ITC Infotech and Happiest Minds Merge Amid AI Shift

ITC Infotech and

HAPPSTMNDS
are merging to build a larger technology platform capable of competing for big transformation programs and handling shifting customer demands. Response to Stalling Organic Growth: Both mid-sized IT firms have faced slowing growth and business compression driven by artificial intelligence. Happiest Minds saw low single-digit constant-currency growth in late FY26, while ITC Infotech experienced similar top-line pressure. Crossing the $1 Billion Threshold: The combined entity expects revenues of $700–800 million, bringing it within striking distance of the crucial $1 billion milestone required to bid on major enterprise IT deals. Complementary Capabilities: The deal pairs ITC Infotech’s strengths in manufacturing, physical AI, PLM, and SAP solutions with Happiest Minds’ expertise in software product engineering, cloud, cybersecurity, and generative AI. Zero Client Overlap: Analysts note the two companies have non-overlapping client bases, allowing the combined business to rapidly expand its market reach with minimal account friction. Broader Sector Trend: Experts expect IT consolidation to continue across mid-tier firms as companies rely on M&A to acquire AI scale, with total industry M&A projected to exceed $7 billion this year.

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Shashank Gupta

Shashank Gupta

2 Sep • 9:10 AM · SEBI-Registered Analyst

ITC Infotech to Merge with Happiest Minds

ITC Infotech, a wholly owned subsidiary of ITC, has approved the acquisition of a 22.1% stake in

HAPPSTMNDS
Happiest Minds Technologies for ₹1,330 crore, followed by a proposed merger of the two companies through a share-swap arrangement. The combined entity is expected to have more than 19,000 employees, 800+ customers and operations across 30+ countries, with a targeted annual revenue of around US$1 billion by FY28. In my view, the transaction is strategically significant for ITC as it accelerates the group's expansion into technology services and creates a much larger AI-focused platform. Happiest Minds brings capabilities across AI, digital engineering, cloud, data and cybersecurity, while ITC Infotech adds expertise in enterprise transformation, SAP, PLM and industry-specific technology solutions. The combination could create opportunities for cross-selling, larger transformation contracts and stronger participation in the rapidly growing AI-led technology market. However, the benefits will depend on successful integration and the ability to convert the combined capabilities into sustainable revenue and margin growth. The transaction is also subject to regulatory and shareholder approvals and is expected to take around 15 months to complete. Investors should therefore monitor the approval process, integration strategy, client wins and progress toward the stated revenue target. Overall, the proposed merger is a strategically positive development that could significantly strengthen ITC's presence in the global technology-services industry while providing a larger platform for AI-led growth.

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Amit Malviya

Amit Malviya

1 Sep • 1:54 PM · SEBI-Registered Analyst

Happiest Minds Technologies plunged over 12%

HAPPSTMNDS
Happiest Minds Technologies plunged over 12% today after announcing a ₹1,330 crore merger with ITC Infotech, which will create an AI‑first tech services giant targeting $1 billion annual revenue by FY28. ITC shares, meanwhile, gained nearly 5% on optimism about the deal’s synergies and scale. 📰 Key Highlights – 1 September 2026 🔹 Merger Details Deal Value: ₹1,330 crore for a 22.1% stake in Happiest Minds, acquired by ITC Infotech, a wholly‑owned subsidiary of ITC Ltd. Share‑Swap Ratio: 25 shares of ITC Infotech for every 81 shares of Happiest Minds. Post‑Merger Ownership: ITC Ltd will hold ≈73.4% of the combined entity; Happiest Minds promoters will retain ≈7.6%. Combined FY26 Revenue: ₹7,033 crore; workforce > 19,000. Listing Plan: The merged company will be listed on BSE and NSE once approvals are complete. Expected Completion: Within 15 months, subject to CCI, NCLT, and shareholder approvals. 📈 Market Reaction Company Price (₹) Change Market Cap (₹ Cr) Sentiment Happiest Minds Tech 359 ↓ 12.2 % 5,466.7 Profit‑booking after merger news ITC Ltd 264.4 ↑ 4.9 % 3.2 lakh Cr Gains on synergy optimism ITC Infotech (unlisted) — — — To become listed post‑merger 💡 Strategic Rationale Complementary Strengths: Happiest Minds → AI, digital engineering, cloud, data analytics, cybersecurity. ITC Infotech → enterprise transformation, SAP, PLM, Industry 4.0. Sector Coverage: BFSI, healthcare, manufacturing, consumer goods, hospitality, ed‑tech. Synergy Targets: Revenue synergy: ≈ 10 % Margin expansion: ≈ 100 bps Revenue goal: $1 billion by FY28. ⚠️ Investor Watchpoints Short‑term volatility: Happiest Minds shares may remain under pressure until merger clarity emerges. Regulatory timeline: Approvals could stretch into late 2027.

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Ujvin Nevatia

Ujvin Nevatia

1 Sep • 11:43 AM · SEBI-Registered Analyst

ITC Infotech to Merge with Happiest Minds in ₹1,330 Cr Deal

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 ITC Infotech, a wholly owned subsidiary of ITC Ltd., has entered into definitive agreements to acquire a 22.106% promoter stake in Happiest Minds Technologies ( !HAPPSTMNDS ) for ₹1,329.72 crore. The acquisition will be followed by the proposed amalgamation of Happiest Minds with ITC Infotech, subject to statutory, shareholder and regulatory approvals. The promoter stake purchase will take place in two tranches. ITC Infotech will first acquire an 11% stake at ₹390 per share, followed by an 11.106% stake at ₹400 per share. How Will the Merger Work? Under the proposed share-swap arrangement, Happiest Minds shareholders will receive 25 equity shares of ITC Infotech for every 81 shares of Happiest Minds they hold. Once the merger becomes effective, ITC Infotech is proposed to be listed on the BSE and NSE. Why Does the Merger Matter? The combination brings together Happiest Minds' capabilities in AI, digital engineering, cloud, data, analytics and cybersecurity with ITC Infotech's expertise in enterprise transformation, SAP, Product Lifecycle Management and Industry 4.0 solutions. The combined entity will have a workforce of over 19,000 employees and aims to build an AI-first technology services business targeting $1 billion in annual revenue by FY28. The companies expect to benefit from greater scale, complementary capabilities and cross-selling opportunities across customers and industries. The transaction is expected to be completed within approximately 15 months, subject to the required approvals. Until then, the two companies are expected to continue operating independently. Source: The Economic Times No Recommendations

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Ashish Kumar

Ashish Kumar

1 Sep • 11:08 AM · SEBI-Registered Analyst

Happiest Minds Shares Plunge Over 8% news

Shares of

HAPPSTMNDS
Technologies Ltd tumbled more than 8% in early trade on Tuesday, placing the stock among the top losers in the small-cap segment. The sharp decline followed news that founder and executive chairman Ashok Soota, along with Ashok Soota Medical Research LLP, has agreed to sell a 22.1% stake in the company to ITC Infotech. The transaction is valued at ₹1,329.72 crore. Under the deal, ITC Infotech will acquire the shares from the promoters, marking a significant ownership shift in the mid-sized IT services firm. Market participants reacted cautiously to the development. Investors appeared concerned about the change in promoter holding and the implications of a large stake transfer to a subsidiary of the diversified ITC group. Trading volumes rose as the stock came under selling pressure soon after the announcement. Happiest Minds has built a reputation in digital engineering and cloud services. The stake sale is being viewed as a strategic move that could eventually lead to closer business alignment or further corporate restructuring involving ITC Infotech.

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Vipin Dixena

Vipin Dixena

1 Sep • 9:33 AM · SEBI-Registered Analyst

Is a New AI-Focused IT Giant Taking Shape?

HAPPSTMNDS
ITC Infotech, a wholly owned subsidiary of ITC Ltd, is set to merge with Happiest Minds Technologies, creating a significantly larger listed IT services company with an AI-first focus. What’s Happening? As part of the transaction, ITC Infotech will first acquire a 22.106% stake in Happiest Minds from promoter Ashok Soota and Ashok Soota Medical Research LLP for around ₹1,330 crore. The stake will be acquired in two tranches: 11% at ₹390 per share 11.106% at ₹400 per share Once the merger is completed, Happiest Minds will be amalgamated into ITC Infotech, and the combined entity is proposed to be listed on both the NSE and BSE. What Happens to Shareholders? The proposed share-swap ratio is 25 ITC Infotech shares for every 81 Happiest Minds shares. After the merger: ITC Ltd: Expected promoter holding of 73.4% Existing Happiest Minds promoters: Expected to be reclassified as public shareholders with 7.6% stake How Big Could the Combined Company Become? The merged business would have more than 19,000 employees and reported FY26 revenue of around ₹7,033 crore: ITC Infotech: ₹4,718 crore Happiest Minds: ₹2,315 crore The combination is expected to strengthen capabilities across AI, technology, healthcare, hi-tech and edtech, with an ambition to reach $1 billion turnover by FY28.

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