Moneycontrol PRO

Happiest Minds IPO – Happiness guaranteed for investors?

It might be a wise idea to pocket the gains on listing of Happiest Minds and wait on the sidelines for a better re-entry opportunity

September 07, 2020 / 02:58 PM IST
Happiest Minds IPO – Happiness guaranteed for investors?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Largely offer for sale with equity dilution of 4.7 percent - Offers predominantly digital services having huge growth potential - Margin springs a surprise in Q1 FY21, part of the gains might sustain - Inconsistent past performance and key man risk of Ashok Soota - Valuation at a discount to global peers of superior execution - Significant listing gains should be booked, re-enter on market correction The initial public offer of Happiest Minds Technologies Ltd (Happiest Minds) couldn’t have been better timed, with spending on technology...

  • PRO Panorama

    Moneycontrol Pro Panorama | Is Omicron losing its sting? 

    Jan 20, 2022 / 04:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: ICICI Lombard makes the cut, the way forward for L&T Infotech, Budget Chart of the Day, Crypto Learn and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Advance GDP data show a K-shaped recovery

    Jan 8, 2022 / 09:21 AM IST

    The biggest takeaway from the advance estimates is the weakness in private consumption. For the second half of FY22, the growth in private consumption is expected to be a mere 1.8%

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers