HAPPSTMNDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | HAPPSTMNDS | Market Cap | 5,681 Cr. | Current Price | 373 ₹ | High / Low | 675 ₹ |
| Stock P/E | 28.2 | Book Value | 102 ₹ | Dividend Yield | 1.61 % | ROCE | 13.9 % |
| ROE | 12.3 % | Face Value | 2.00 ₹ | DMA 50 | 386 ₹ | DMA 200 | 471 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | -0.63 % | PAT Qtr | 25.4 Cr. | PAT Prev Qtr | 56.2 Cr. |
| RSI | 47.0 | MACD | -3.33 | Volume | 5,94,661 | Avg Vol 1Wk | 5,34,304 |
| Low price | 305 ₹ | High price | 675 ₹ | PEG Ratio | 564 | Debt to equity | 0.80 |
| 52w Index | 18.4 % | Qtr Profit Var | -26.1 % | EPS | 11.1 ₹ | Industry PE | 21.6 |
📉 Chart Patterns & Trend: HAPPSTMNDS is trading below both its 50 DMA (₹386) and 200 DMA (₹471), confirming a bearish structure. Current price (₹373) is close to support at ₹305, suggesting weakness with limited upside unless a rebound occurs.
📊 Momentum Indicators: RSI at 47.0 indicates neutral momentum, while MACD at -3.33 confirms bearish crossover. Bollinger Bands show price drifting near the lower band, signaling continued weakness.
📈 Volume Trends: Current volume (5.95 lakh) is slightly above average weekly volume (5.34 lakh), reflecting mild participation but not strong accumulation.
🎯 Entry Zone: ₹350 – ₹365 (near support, potential accumulation zone).
🚪 Exit Zone: ₹385 – ₹395 (near 50 DMA resistance; profit-taking zone if rebound occurs).
🔎 Status: The stock is consolidating near support but remains in a broader downtrend. Sustained recovery requires price action above ₹470 (200 DMA).
Positive
- Dividend yield of 1.61% provides steady income.
- Book value of ₹102 offers valuation support.
- FII holdings increased slightly (+0.05%), showing marginal foreign investor confidence.
Limitation
- High PEG ratio (564) signals extreme overvaluation relative to growth.
- Debt-to-equity ratio of 0.80 indicates moderate leverage risk.
- Weak ROE (12.3%) and ROCE (13.9%) compared to industry peers.
- Technical weakness with price below both 50 & 200 DMA.
Company Negative News
- DII holdings decreased (-0.63%), showing reduced domestic institutional support.
- Quarterly PAT dropped from ₹56.2 Cr to ₹25.4 Cr (-26.1%).
Company Positive News
- Stable EPS at ₹11.1 supports earnings visibility.
- Dividend yield remains attractive for income-focused investors.
Industry
- IT services sector facing margin pressures due to global demand slowdown.
- Industry PE at 21.6 highlights competitive valuation environment.
Conclusion
⚠️ HAPPSTMNDS is technically weak, trading below key moving averages with bearish momentum. Fundamentals are modest, but valuations are stretched. Short-term traders may consider entry near ₹350–₹365 with exits around ₹385–₹395. Long-term investors should wait for confirmation above ₹470 before fresh accumulation.
Would you like me to extend this into a swing-trade peer overlay (Infosys, TCS, Coforge) so you can benchmark HAPPSTMNDS against sector leaders?