Why is Happiest Minds falling/rising?
As of 19-Sep, Happiest Minds Technologies Ltd is currently priced at 580.50, reflecting a short-term gain despite a significant year-to-date decline of 20.96%. The stock shows strong fundamentals and improved liquidity, but has underperformed against the benchmark over longer periods.
As of 19-Sep, Happiest Minds Technologies Ltd is experiencing a price increase, currently at 580.50, reflecting a rise of 5.75 or 1.0%. The stock has outperformed its sector today by 1.4% and has shown consecutive gains over the last two days, accumulating a total return of 1.03% in this period. Despite a negative trend over the longer term, with a year-to-date decline of 20.96% and a one-year drop of 26.70%, the company demonstrates strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 21.07% and significant net sales growth. The stock's liquidity is also favorable, with a notable increase in delivery volume, suggesting rising investor participation.In the broader market context, the stock's short-term performance of +1.40% over the past week compares positively to the Sensex, which has risen by 0.88% in the same timeframe. However, the stock has underperformed the benchmark over the longer periods, including a 1-month decline of 1.61% versus the Sensex's gain of 1.20%. This indicates that while the stock is currently gaining, it still faces challenges in the broader market, particularly in the context of its year-to-date and yearly performance relative to the benchmark.
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