India's Happiest Minds Technologies rises as co raises $171 mln funds

Happiest Minds Technologies

06/10/2022 07:59

** Shares of IT services firm Happiest Minds Technologies
 HAPP.NS  rise as much as 2.7% to 1024.45 rupees, their highest
since Sept 23
    ** Stock set to rise for a second straight session
    ** Co said on Wednesday it will raise funds worth up to 14
bln rupees ($171.34 mln)
    ** More than 178,719 shares change hands vs 30-day avg of
350,115 shares
    ** All two analysts covering the stock have a "buy" or
"strong buy" rating; median PT is 1,187.5 rupees - Refinitiv
data
    ** Stock down 23.1% YTD, as of last close
    ($1 = 81.7100 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))