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
