Fantastic listing, investors doubled their money in a week. Investors’ faces have blossomed with the spectacular list of Happiest Minds. Investors’ money has doubled in a week. Suppose an investor had invested money in an initial public offering and obtained 100 shares. Its price (166 (share issue price) X100 (total shares)) is Rs 16,600. At the same time, now after listing, the share price has risen to Rs 351. Against this background, the investment of Rs 16,600 has risen to Rs 35,100.
What should investors do now? Experts say it will be expensive in terms of valuations. But, stay positive. The money is not going to be made just on this initial public offering. There will be good opportunities in the coming days. Many companies are in the running for the initial public offering. Short-term investors put a stop loss at ₹250 and exit. Continue trailing your stoploss. At the same time, remain a long-term investor.
See Happiest Minds Technologies Stock Listings
The issue was subscribed 151 times- The Rs 700 crore IPO of IT services company Happiest Minds received 151 times the bids. An offer was made for Rs 351 crore in this IPO while only Rs 2.33 crore was offered. This happened because people gambled on the credibility of Founder Ashok Soota. Investors have full faith in Ashok Soota.
what the company doesAccording to Happiest Minds, 97 percent of its revenue comes from digital business, far more than many companies like Infosys, Mindtree, and Cognizant. These companies have an average digital income of 40-50 percent. It offers Digital Business Services, Product Engineering Services and Infrastructure and Security Management Services.undefined
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PUBLISHED FOR THE FIRST TIME : September 17, 2020, 10:41 AM IST