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Happiest Minds Technologies surges 14%, hits new high amid heavy volumes

Brokerage Nomura initiate coverage on Happiest Minds Technologies with a 'Buy' rating and target price of Rs 480 per share

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SI Reporter Mumbai
Shares of Happiest Minds Technologies hit a new high of Rs 461.90 as they surged 14 per cent on the BSE in intra-day trade on Wednesday on the back of heavy volumes in an otherwise weak market.

At 01:05 pm, the stock of IT consulting & software company was trading 12 per cent higher at Rs 453, as compared to a 0.67 per cent decline in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 8.04 million equity shares changing hands on the NSE and BSE.

In the past seven trading days, the stock has rallied 33