India's Happiest Minds Technologies falls 7% on June-qtr profit drop

Happiest Minds Technologies

29/07/2021 06:01

** Shares of IT services firm  HAPP.NS  fall as much as 7.3%
to 1,285 rupees, posting their biggest intra-day pct drop since
May 14, 2021
    ** Co on Wednesday reported 28.8% fall in June-qtr net
profit vs a year ago, hurt by one-time expenses (https://bit.ly/3zPl958)
    ** Revenue for the qtr, however, rose 41.4% y-o-y
    ** HAPP made its market debut in September 2020 and saw a
bumper listing  urn:newsml:reuters.com:*:nL4N2GE18S
    ** About 1.3 mln shares change hands in morning trade vs
30-day avg of 4.5 mln
    ** HAPP shares had risen four-fold in value this year, as of
last close 

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))