Ashok Soota-Backed Smallcap AI Stock Jumps Up to 11%; Company Revises FY27 Revenue Guidance to 12.5%

On Friday, March 20, 2026, Happiest Minds Technologies share price jumped up to 11 per cent during the morning session. The move follows recent developments around the company’s growth outlook and improving momentum in its AI-focused business segments.

Ashok Soota’s new “AI First, Agile Always” strategy, introduced as the company’s 11th strategic transformation, is reshaping how Happiest Minds builds, delivers, and scales value, with visible impact on growth and business momentum.

Recently, Happiest Minds Technologies has revised its FY27 growth guidance to 12.5 per cent, up from its earlier estimate of 10 per cent. The upward revision improves visibility into business momentum and continued traction across key segments.

The company also believes this growth will establish a solid foundation for FY28, where it aspires to achieve 15 per cent growth," the company said in a stock exchange filing.

Happiest Mind Strong momentum in AI-led segments and utilisation levels

The Generative AI Business Services (GBS) and AI services segment reported strong momentum, with revenues growing close to 50 per cent on a QoQ basis as customers transitioned from pilot projects to production deployments. The utilisation levels improved to 82 per cent during the quarter, marking one of the highest levels in recent periods, driven by better resource deployment and scaling of AI-led engagements.

Happiest Minds Share Price Performance 

Happiest Mind share price has rallied 19.3 per cent from its 52-week low of Rs 330.20. On Friday, March 20, 2026, the stock is trading around Rs 394, up 6.32 per cent in the morning session.

Happiest Minds has delivered a mixed performance, rising 4.52 per cent over the past month, while declining 30.15 per cent in 6 months and remaining down 38.87 per cent on a one-year basis.

About Happiest Minds

Happiest Minds Technologies Ltd is an IT services company focused on digital transformation, offering services across cloud, analytics, artificial intelligence, security, and enterprise applications. The company operates through multiple business units, including product engineering, infrastructure management, and digital business services, catering to clients across various industries globally. It has a strong focus on emerging technologies, particularly AI and generative AI, and follows an “AI First” strategy to drive growth and innovation.

Disclaimer: The article is for informational purposes only and not investment advice.