Happiest Minds IPO listing gains likely around 40 pct, this analyst says; gives thumbs up as long term buy
Ashok Soota promoted Happiest Minds Technologies Limited IPO was oversubscribed 151 times on NSE as per the data available on the NSE website. Technical Analyst Nilesh Jain of Anand Rathi Securities said that the company got a good response and he expected listing gains of 40-50 per cent for the investors who had bought the shares during the Initial Public Offering (IPO)
He said his estimates were on the conservative side. He said that this company’s share was a good buy with medium to long term views and advised investors to buy this stock on dips, once it gets listed