HAPPSTMNDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | HAPPSTMNDS | Market Cap | 6,349 Cr. | Current Price | 417 ₹ | High / Low | 774 ₹ |
| Stock P/E | 31.0 | Book Value | 102 ₹ | Dividend Yield | 1.44 % | ROCE | 13.9 % |
| ROE | 12.3 % | Face Value | 2.00 ₹ | DMA 50 | 457 ₹ | DMA 200 | 545 ₹ |
| Chg in FII Hold | 0.50 % | Chg in DII Hold | -0.58 % | PAT Qtr | 56.2 Cr. | PAT Prev Qtr | 40.5 Cr. |
| RSI | 36.5 | MACD | -17.2 | Volume | 5,02,370 | Avg Vol 1Wk | 4,88,562 |
| Low price | 395 ₹ | High price | 774 ₹ | PEG Ratio | 620 | Debt to equity | 0.80 |
| 52w Index | 5.78 % | Qtr Profit Var | 31.0 % | EPS | 12.0 ₹ | Industry PE | 23.9 |
📊 Chart & Trend Analysis: HAPPSTMNDS is trading at ₹417, below both its 50 DMA (₹457) and 200 DMA (₹545), indicating short-term weakness. RSI at 36.5 suggests the stock is nearing oversold territory. MACD at -17.2 confirms bearish momentum. Current volume (5.02L) is slightly above the weekly average (4.88L), showing moderate participation. Bollinger Bands indicate price drifting towards the lower band, reinforcing bearish consolidation.
📈 Momentum Signals: Short-term momentum is negative, with RSI near oversold and MACD bearish crossover. Slightly higher volume suggests some accumulation interest but not strong enough to reverse trend.
🎯 Entry Zone: ₹400 – ₹410 (near immediate support)
🚪 Exit Zone: ₹450 – ₹460 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with bearish bias. Sustained trade below ₹400 could trigger reversal towards ₹380–₹370, while recovery above ₹460 may signal trend reversal to bullish.
Positive
- Quarterly PAT growth from ₹40.5 Cr. to ₹56.2 Cr. shows strong earnings momentum.
- EPS of ₹12.0 reflects consistent profitability.
- Dividend yield of 1.44% adds investor appeal.
- FII holding increased by 0.50%, showing foreign investor confidence.
Limitation
- Stock trading below both 50 DMA and 200 DMA signals weakness.
- High PEG ratio (620) indicates expensive growth prospects.
- Debt-to-equity ratio of 0.80 reflects moderate leverage risk.
- 52-week index at 5.78% highlights poor performance relative to highs.
Company Negative News
- Decline in DII holding (-0.58%) signals reduced domestic institutional support.
Company Positive News
- Quarterly profit variation of 31% shows strong earnings growth.
- Increase in FII holding reflects renewed foreign investor interest.
Industry
- IT services and product engineering sector remains in demand with digital transformation tailwinds.
- Industry P/E at 23.9 highlights moderate sector valuation compared to HAPPSTMNDS’s premium.
Conclusion
⚖️ HAPPSTMNDS is consolidating with a bearish bias. Entry near ₹400–₹410 offers cautious accumulation, while exits near ₹450–₹460 provide short-term profit booking. Strong earnings growth supports long-term holding, but high valuation, leverage, and weak technicals warrant patience for better entry opportunities.
Would you like me to extend this into a peer benchmarking overlay (Persistent Systems, L&T Technology Services, Coforge) so you can compare HAPPSTMNDS’s relative strength within the mid-cap IT basket?