Archive · 1 Sep 2026
Happiest Minds Stock Falls 10% After ITC Merger Announcement
Happiest Minds Technologies' stock has fallen by 10% after ITC Infotech announced plans to acquire and merge with the company.
Analyst Hitesh Rathi believes this could be a buying opportunity, as the stock has shown signs of forming a medium-term base.
The stock has been underperforming since 2021, dropping from around Rs 1,500 to nearly Rs 400.
Rathi points to strong support in the Rs 330-340 range and a bullish double-bottom retest as positive signs.
However, he advises caution and recommends a strict stop loss in the Rs 330-335 range.
The next move in the stock will depend on whether this support level holds.
Happiest Minds stock fell 10% following ITC Infotech's acquisition announcement.
Analyst Hitesh Rathi suggests the stock may be forming a medium-term base.
The stock has underperformed since 2021, dropping 70-75% from its peak.
Rathi identifies the Rs 330-340 range as a strong support zone with a bullish double-bottom retest.
He recommends accumulating the stock with a strict stop loss in the Rs 330-335 range.
- Who
- Happiest Minds Technologies, ITC Infotech, Hitesh Rathi
- What
- Stock price drop and potential buying opportunity
- When
- After the merger announcement
- Where
- Bengaluru, India
- Why
- Investor recalibration of valuation and integration expectations
- Company
- Happiest Minds
- Stock Price Drop
- 10%
- Analyst
- Hitesh Rathi
- Support Zone
- Rs 330-340
- Stop Loss
- Rs 330-335
- Stock Performance Since 2021
- 70-75% decline