This IT stock is up 600% from IPO price in 8 months. Should you still buy? - News Summed Up

This IT stock is up 600% from IPO price in 8 months. Should you still buy?


Happiest Minds share price today is quoting ₹1208 per stock at NSE — logging around 625 per cent public issue premium. Happiest Minds public issue was listed at BSE and NSE on 17th September 2020 and the issue price was fixed at ₹165 to ₹166. So, those who subscribed the IPO and hold it after the listing, they have registered over 600 per cent listing premium. They recommended retail investors to buy Happiest Minds shares on any major fall as it has strong support at ₹1,000 levels. D-Mart operator Avenue Supermarts and IRCTC also fall in the list as they too had delivered more than 100 per cent listing gains to its IPO subscribers.


Source: Mint July 05, 2021 06:56 UTC



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