AI Stock Soars 18% After Revising FY28 Growth Expectations Shares of Happiest Minds Technologies Limited surged nearly 18 percent on the BSE on Tuesday after the company revised its FY28 growth expectation to 15 percent, citing progress in its AI-First strategy and strategic initiatives. The stock, currently trading at Rs. 383.55, is up around 13 percent from its previous closing price of Rs. 340.15. The company reaffirmed its strong growth trajectory, supported by expanding opportunities in AI-driven technology services and improving client traction. The market cap of the IT firm stands at Rs. 5,840.5 crores, but its stock has delivered negative returns of approximately 45 percent over the past year and fell by more than 2 percent in the last month. According to disclosures filed with stock exchanges, the company raised its FY27 growth outlook to 12.5 percent, up from an earlier estimate of 10 percent. Management attributed the revision to growing confidence in the positive impact of its AI-First strategy and other initiatives on business momentum. The updated guidance suggests the company aims to achieve around 15 percent growth in FY28. The company’s strategic initiatives, including its AI-First approach, have been central to its growth plans. In March 2025, Happiest Minds announced 10 strategic initiatives designed to strengthen its long-term growth roadmap. These initiatives were intended to support a revenue growth expectation of about 10 percent in constant currency over four years. One key initiative was the launch of the Generative AI Business Services (GBS) segment, which has since expanded its capabilities and gained client acceptance.#bse #ai_first_strategy #happiest_minds_technologies_limited #generative_ai_business_services #fy28_growth_expectations
Happiest Minds shares surge 17% after raising FY27 growth projections from earlier 10% Shares of Happiest Minds Technologies Ltd. rose more than 17% on Tuesday, March 10, following the company’s announcement to revise its FY27 revenue growth projection from 10% to 12.5%. The update, disclosed in a press release filed with exchanges, cited accelerating momentum from the company’s AI-First strategy and robust demand across multiple sectors. The Bengaluru-based digital engineering firm, which reported annualized revenue of over $260 million as of February 2026, employs more than 6,500 people across 43 global offices and serves over 290 customers worldwide, including more than 85 billion enterprises. The revised growth outlook reflects the company’s confidence in its strategic shift toward artificial intelligence as a core driver of value creation. The AI First initiative, launched on February 10, 2026, marks a significant reorientation of the company’s operations. According to the press release, the strategy redefines the firm’s operating model, service delivery architecture, and client engagement philosophy, positioning artificial intelligence as the central mechanism for generating growth. The company emphasized that this transformation is designed to capitalize on the increasing adoption of AI technologies across industries. The updated growth forecast, which applies to a four-year horizon, is presented in constant currency terms. Analysts and investors have interpreted the revision as a signal of the company’s ability to meet or exceed its financial targets, driven by its focus on AI-driven solutions. The stock’s sharp rise underscores market optimism about the potential of the AI First strategy to enhance the company’s competitive position and profitability.#bengaluru #happiest_minds_technologies_ltd #ai_first_strategy #press_release #global_offices
