Happiest Minds Technologies shares surged nearly 17% Tuesday morning after the company raised its growth guidance for the financial year 2027 to 12.5% from a previous forecast of 10%, according to market updates.
The stock reached ₹398.40 in trading, a significant increase from its opening price. The company also announced a target growth rate of 15% for the financial year 2028, signaling continued optimism about its future performance.
The surge in Happiest Minds’ share price comes as broader market indices also experienced gains. As of 2:00 PM IST, the Nifty50 was up 0.84% at 24,229.45, and the Sensex rose 0.73% to 78,129.19. Midcap and smallcap indices outperformed the benchmarks, rising 1.37% and 1.87% respectively.
Elsewhere in the market, shares of IndiGo and SpiceJet rallied up to 8% following a decline in crude oil prices, reportedly linked to indications of a potential easing of tensions in the Middle East. Petronet LNG, IGL, and GAIL also saw gains of up to 6% on similar hopes.
ABB India’s share price increased by 4% after the company announced a ₹620 crore investment plan to expand its manufacturing and research and development capabilities across multiple locations in India. Minda Corporation Ltd. Shares rose nearly 5% after its subsidiary formed a joint venture with UK-based Turntide Drives Ltd. To develop advanced motor controllers for the electric vehicle segment.
Contributing to the Sensex’s gains were InterGlobe Aviation, UltraTech Cement, and ICICI Bank. Happiest Minds Technologies Ltd. Is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the symbol HAPPSTMNDS.
