If Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585.
Revenue Growth and OPM of Happiest Minds are continuously falling FY22 - 41% & 24% FY23 - 31% & 25% FY24 - 14% & 21% Q4(24) - 10.4% & 20%
Return on Equity 5 Years: 30% 3 Years: 26% Last Year: 21%
If it continues like this, It may not trade on Premium Valuation like before
Technically, If it will break down successfully of Level Fib(0.618) or 800(PSY), May go down and take support on Fib(0.786) or previous Support area (530-585)
Disclaimer : This is only for Educational Purpose. I'm not a SEBI Register Advisor.