Accumulate Happiest Minds Technologies; target of Rs 803: KR Choksey
Fri, Nov 15, 2024 2:27 PM

Accumulate Happiest Minds Technologies; target of Rs 803: KR Choksey

A Flip by Shubhangi Gupta
Get it on Google Play
Happiest Minds Technologies' Q2FY25 earnings missed estimates despite a revenue beat, with PAT declining 15.3% YoY due to higher interest expense and tax rates. The company's EBIT margin stood at 13.2%, with a PAT margin of 9.5%. The target price has been lowered to INR 803, implying an 8.5% upside. Happiest Minds Technologies' shares are maintained at an "accumulate" rating.

More great flips

Analyst at VanEck Says Bitcoin Might Reach $180,000 in Current Rally

Analyst at VanEck Says Bitcoin Might Reach $180,000 in Current Rally

The recent surge in Bitcoin (BTC) prices could well last into 2025 and see it reach highs of $180,000, said Matthew Sigel, head of digital assets research at VanEck. During a recent interview with CNBC Squawk Box, Sigel drew uncanny similarities between the digital currency's ongoing post-election rally and that of its aftermath from the 2020 presidential election.

Open Flip
Aave Gauges Community Interest for Expansion to Bitcoin Layer 2 Spiderchain

Aave Gauges Community Interest for Expansion to Bitcoin Layer 2 Spiderchain

The potential deployment on a Bitcoin layer 2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem. Aave is gauging the interest of its community for deployment on Bitcoin layer-2 network Spiderchain.

Open Flip
EU regulator sets restrictive measure guidelines for crypto providers

EU regulator sets restrictive measure guidelines for crypto providers

The EBA, Europe’s regulatory agency in charge of addressing weaknesses in banking sector, published two sets of guidelines, including a specific guide for PSPs and crypto-asset service providers (CASPs). On Nov. 14, the EBA released guidelines that specify what PSPs and CASPs must do to comply with the European Union’s and national restrictive measures regimes when transferring funds or crypto.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon