3 Digital Business Services Firm, Global Consulting and Technology Leader and Digital Solutions Provider Stocks With a Strong Future Roadmap: Happiest Minds Technologies, Infosys and Zensar Technologies
- October 28, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Happiest Minds Technologies, Infosys and Zensar Technologies: ROE of 12.6% to 31.0% and FY22 to FY26 revenue CAGR of 7.8% to 20.7%. Prices as of 27 Oct 2026.
Quick Answer
The three global IT consulting and digital services stocks to watch are Happiest Minds Technologies, Infosys and Zensar Technologies. Their return on equity ranges from 12.6% to 31.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 20.7%. Infosys has the highest return on equity at 31.0%, while Happiest Minds Technologies has the fastest revenue growth at 20.7% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Global IT consulting and digital services stocks bring together companies with a visible plan for the years ahead. Happiest Minds Technologies, Infosys and Zensar Technologies cover a digital business services firm, a global consulting and technology leader and a digital solutions provider.
This list covers three global IT consulting and digital services stocks with complete current figures: Happiest Minds Technologies, Infosys and Zensar Technologies. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Global IT Consulting and Digital Services Stocks?
Global IT consulting and digital services stocks are listed technology companies that provide digital business services, consulting and enterprise technology solutions to clients in many industries. Their earnings depend on client technology budgets, deal wins, utilisation and currency.
Global IT Consulting and Digital Services Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Happiest Minds Technologies | 310.25 | 4,680 | 21.0 | 17.9 | 12.6 | 0.88 |
| Infosys | 1,163 | 468,528 | 15.4 | 17.6 | 31.0 | 0.09 |
| Zensar Technologies | 507.75 | 11,686 | 15.1 | 17.5 | 16.4 | 0.02 |
On valuation, Infosys and Zensar Technologies trade at a P/E below the industry P/E, while Happiest Minds Technologies trades above it, which reflects the growth the market already expects. Readers comparing global IT consulting and digital services stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Global IT Consulting and Digital Services Stocks Have a Strong Roadmap in India?
Global IT consulting and digital services stocks have a strong roadmap in India because digital programmes, automation of business processes and spending on data and cloud platforms keep widening the market for Indian consulting and services firms.
- Digital programmes. Clients fund customer-facing technology.
- Process automation. Businesses automate operations at scale.
- Consulting demand. Advisory work leads to larger projects.
Why Happiest Minds Technologies Features Among These Global IT Consulting and Digital Services Stocks
Among the global IT consulting and digital services stocks on this list, Happiest Minds Technologies is a Bengaluru-based digital transformation company that offers product engineering, digital business services and generative artificial intelligence solutions to clients across industries.
The company has a return on equity of 12.6%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 4,680 crore. The stock trades at a P/E of 21.0, above the industry P/E of 17.9.
Revenue rose from Rs 1,131 crore in FY22 to Rs 2,400 crore in FY26, a compound annual growth rate of 20.7%. Net profit grew from Rs 185 crore in FY25 to Rs 213 crore in FY26, a rise of 15.1%. In the June 2026 quarter, revenue grew 12.5% year on year to Rs 652 crore, while net profit rose 18.3% to Rs 67.6 crore.
Roadmap: The company is adding capabilities in artificial intelligence, cloud and cybersecurity, which enterprises are prioritising. A digital-first positioning helps it win newer projects from established clients.
What to watch: Track the mix of digital business and product engineering revenue and new client additions.
Why Infosys Features Among These Global IT Consulting and Digital Services Stocks
Among the large IT services and digital shares on this list, Infosys is a leading Indian technology services company that provides digital, cloud, data and consulting services to global enterprises across banking, retail, energy and other industries.
Revenue rose from Rs 123,936 crore in FY22 to Rs 182,972 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 22,146 crore in FY22 to Rs 29,474 crore in FY26, which works out to a compound annual growth rate of 7.4%.
The company has a return on equity of 31.0%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 468,528 crore. The stock trades at a P/E of 15.4, below the industry P/E of 17.6.
Roadmap: The company is investing in artificial intelligence and cloud services, which are becoming central to client budgets. Large deal wins and strong client relationships support steady growth.
What to watch: Track large deal wins, margin trends and client demand for artificial intelligence services.
Why Zensar Technologies Features Among These Global IT Consulting and Digital Services Stocks
Among the three companies on this list, Zensar Technologies, an RPG group company, offers digital engineering, cloud and experience services to clients across financial services, retail and manufacturing.
In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%.
Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P/E of 15.1, below the industry P/E of 17.5.
Roadmap: Strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.
What to watch: Follow client concentration and growth in large accounts.
Happiest Minds Technologies vs Infosys vs Zensar Technologies on Key Financials
The table below sets the three global IT consulting and digital services stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Happiest Minds Technologies | 1,131 | 2,400 | 20.7% | 213 | 8.9% |
| Infosys | 123,936 | 182,972 | 10.2% | 29,474 | 16.1% |
| Zensar Technologies | 4,382 | 5,921 | 7.8% | 775 | 13.1% |
Infosys posts the highest return on equity in this group at 31.0%. Infosys has the largest FY26 revenue at Rs 182,972 crore, and Happiest Minds Technologies shows the fastest revenue growth with a 20.7% compound annual rate. A useful habit with global IT consulting and digital services stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Global IT Consulting and Digital Services Stocks
Every theme carries risks that deserve a check before any decision. For these global IT consulting and digital services stocks, the main points are:
- Deal timing. Large contracts can shift between periods.
- Client budgets. Spending can vary with global conditions.
- Currency moves. Export earnings move with the rupee.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter global IT consulting and digital services stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Global IT Consulting and Digital Services Stocks
Global IT consulting and digital services stocks suit investors who prefer to study business strength before price moves. Happiest Minds Technologies, Infosys and Zensar Technologies each have a clear plan to grow. Based on the 27 October 2026 close, Happiest Minds Technologies trades at Rs 310.25, Infosys at Rs 1,163 and Zensar Technologies at Rs 507.75.
Download the Univest iOS App or Univest Android App to track global IT consulting and digital services stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are global IT consulting and digital services stocks?
Ans. Global IT consulting and digital services stocks are listed technology companies that provide digital business services, consulting and enterprise technology solutions to clients in many industries. Their earnings depend on client technology budgets, deal wins, utilisation and currency. This list looks at three of them, Happiest Minds Technologies, Infosys and Zensar Technologies, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which global IT consulting and digital services stocks are covered in this list?
Ans. This list covers Happiest Minds Technologies, Infosys and Zensar Technologies. Based on the 27 October 2026 close, Happiest Minds Technologies traded at Rs 310.25, Infosys at Rs 1,163 and Zensar Technologies at Rs 507.75. Their return on equity ranges from 12.6% to 31.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 20.7%.
Why do global IT consulting and digital services stocks have a strong future roadmap in India?
Ans. Global IT consulting and digital services stocks have a strong roadmap in India because digital programmes, automation of business processes and spending on data and cloud platforms keep widening the market for Indian consulting and services firms. The main drivers are as follows. Digital programmes. Clients fund customer-facing technology. Process automation. Businesses automate operations at scale. Consulting demand. Advisory work leads to larger projects. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Happiest Minds Technologies performed financially?
Ans. Revenue rose from Rs 1,131 crore in FY22 to Rs 2,400 crore in FY26, a compound annual growth rate of 20.7%. Net profit grew from Rs 185 crore in FY25 to Rs 213 crore in FY26, a rise of 15.1%. In the June 2026 quarter, revenue grew 12.5% year on year to Rs 652 crore, while net profit rose 18.3% to Rs 67.6 crore. The company has a return on equity of 12.6%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 4,680 crore. The stock trades at a P/E of 21.0, above the industry P/E of 17.9. Looking ahead, the company is adding capabilities in artificial intelligence, cloud and cybersecurity, which enterprises are prioritising. A digital-first positioning helps it win newer projects from established clients.
How has Infosys performed financially?
Ans. Revenue rose from Rs 123,936 crore in FY22 to Rs 182,972 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 22,146 crore in FY22 to Rs 29,474 crore in FY26, which works out to a compound annual growth rate of 7.4%. The company has a return on equity of 31.0%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 468,528 crore. The stock trades at a P/E of 15.4, below the industry P/E of 17.6. Looking ahead, the company is investing in artificial intelligence and cloud services, which are becoming central to client budgets. Large deal wins and strong client relationships support steady growth.
How has Zensar Technologies performed financially?
Ans. Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P/E of 15.1, below the industry P/E of 17.5. Looking ahead, strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.
What risks should investors check before buying global IT consulting and digital services stocks?
Ans. Investors should check a few risks before buying global IT consulting and digital services stocks. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. Currency moves. Export earnings move with the rupee. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of global IT consulting and digital services stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
