AI-focused IT Stock Happiest Minds Jumped Over 17% on Revised Growth Targets

By Ventura Research Team 2 min Read Mar 10, 2026

On March 10, 2026, the Nifty IT index dipped by 0.46%. Despite this, Happiest Minds Technologies Limited grew by over 17%, outperforming its peers and the index. Today, the share price of Happiest Minds closed at ₹401.05, up from ₹59.50, registering a growth of 17.47%.

This momentum is being supported by its AI First strategic initiatives and strong demand across sectors. The company has also revised its growth target from 10% to 12.5% for 2026-27. This shows the company’s confidence that its AI-First strategy and broader portfolio of initiatives are gaining traction faster than expected.

The company had earlier announced 10 Strategic Initiatives on March 26, 2025. These initiatives provided the foundation for a revenue growth expectation of 10% in constant currency over a four-year horizon. One of the key initiatives was the creation of Generative AI Business Services (GBS). Over the past year, GBS has matured significantly. As a result, it has become the foundation for the company’s most important strategic evolution.

On February 10, 2026, the company launched AI First, its 11th Strategic Initiative. At the time, the company said it saw strong acceptance of its initiatives among clients. Given the pace of change, the company also indicated that it would review client feedback, pipeline metrics, market opportunities, and the expanding scope of its AI First offerings before updating its growth outlook.

Following this, the company has now upgraded its growth expectation to 12.5% for 2026-27. Looking ahead, it also believes that this momentum would create a strong base for 2027-28, where it aspires to achieve 15% growth.

Rising FII Interest in Happiest Minds

Foreign Institutional Investors (FIIs) have also increased their stake in the company. Their holding rose from 5.39% in September 2025 to 5.89% in December 2025.

In today’s trading session, the stock opened at ₹346, compared to its previous close of ₹340.55. During the day, the share touched a high of ₹405.50 and a low of ₹338. The stock recorded a traded volume of 208.13 lakh shares, with a total traded value of ₹811.26 crore during the session.

Despite today’s sharp move, the stock’s broader performance has remained weak. On a year-to-date basis, the share has delivered negative returns of 12.26%. Over the past one year, the stock has declined 42.52%. In the last three years, it has fallen 52.50%, resulting in negative returns for investors.