Happiest Minds: what will be the best level to buy?

   

Happiest Minds made a stellar debut on Thursday with 111 percent listing gain that is ahead of previous star performers of DMart and IRCTC. 

Analysts viewed that digitalization plays a key role in the near term future. Though the valuation is a bit higher after its strong listing but it has a potential to be a multibagger in the long-term.

The company reported a healthy earnings even in Covid-hit june quarter and FY21, So this strong earnings made analysts positive on it and they are expecting a strong quarter-on-quarter growth in the near term. 

Even though it was trading with higher valuations it was a way ahead in terms of capturing most of the gains and the market share when compared with its global peers.

Analysts advice 'HOLD' the stock in the long-term perspective, while short-term investors can book partial profit of 50 percent from their holdings. Those who have not got this allotment they no need to worry, you can just wait for a fall and get this around scrip at around 300 levels.

The Happiest Minds looks very attractive and strong with their business as it likely to keep on growing at more than 20 percent growth rate. The company global peers are Endava, EPAM and Globant it seems it was unique in indian market segment.

Coming to its business it has 157 customers with 77.5 percent of its revenue from USA and 11.9 percent from India. It has over 90 percent revenue generating from the digital segment.