Listing of Happiest Minds Technologies - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Happiest Minds Technologies Ltd. - We had recommended a "SUBSCRIBE" to Happiest Minds IPO. Post listing as the stock is trading 120% above the issue price, we would recommend to book profits. At current levels, the stock is trading at 54x FY2020 EPS, which is significantly higher than industry peers. From a long-term perspective digital business will be the key growth driver for the IT sector and Happiest Minds is positioned to take full benefit of the same as the company derives 97% of its revenues from digital services. While we expect Happiest Minds to grow ahead of the Industry current valuations are demanding."

Source : Equity Bulls

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