Happiest Minds Technologies Share Price Update

June 18, 2025: Shares of Happiest Minds Technologies traded at ₹655.55 on Tuesday, witnessing a slight dip of 1.66% from the previous session. Despite today’s decline, the IT consulting and software firm — classified as a Smallcap on the BSE — has shown a 7.3% gain over the past month and a modest 2.2% growth over the last three months.

The stock fluctuated between ₹654.05 and ₹668.5 during the day, with its 52-week range spanning from ₹525.05 to ₹955. This puts the current price closer to its yearly low, indicating potential buying interest among long-term investors.

Technical Overview

The stock’s daily pivot is set at ₹660.85, with resistance levels at:

• R1: ₹667.65
• R2: ₹675.30
• R3: ₹682.10

Support levels are marked at:

• S1: ₹653.20
• S2: ₹646.40
• S3: ₹638.75

Moving averages reveal a short-term bullish bias, with the 5-day SMA at ₹609.62 and EMA at ₹625.97. Over a 50-day period, the SMA stands at ₹592.87 and EMA at ₹610.99 — both trailing the current price, reinforcing positive momentum.

However, long-term averages show weakness, with the 200-day SMA at ₹700.61, above the current level. This suggests the stock is still in recovery mode from previous highs.

Comparative Sector Performance

In the broader IT sector, Happiest Minds has underperformed some peers. For instance, Tata Consultancy Services (TCS) posted a one-week gain of 1.38%, while Happiest Minds delivered 6.46%. Over the past year, however, Happiest Minds is down 25.41%, compared to a 7.73% drop in TCS, highlighting the former’s higher volatility.

Analysts remain cautious but optimistic, with many eyeing the ₹675–₹700 level as a critical zone for reversal. Investors are advised to monitor resistance zones and macro developments in the tech sector for cues.