Shares of Happiest Minds have been one of the multibagger stocks in 2021. This IT stock has been witnessing profit-booking since the beginning of the new year. However, since its listing, this multibagger stock has been giving great returns to its shareholders. Its public offer came in September 2020 in the price band of Rs 165 to Rs 166 per equity share. Happiest Minds IPO had doubled its investors’ money on the date of listing after opening at Rs 351 on BSE and Rs 350 on NSE.
Investors got Multibagger return
The share price of Happiest Minds is Rs 1,122 per share on NSE today. Hence, comparing Happiest Minds IPO price band of Rs 165 to Rs 166 per equity share, this multibagger stock has gained almost 575 percent. If an investor has remained invested in the stock since the IPO allotment, then his one lot value i.e. Rs 14,940 would have now exceeded Rs 1 lakh.
On the other hand, if an investor had bought the stock on the date of listing after a strong public issue listing, his money would have increased by more than 3 times today.
12 out of 29 stocks of Tata group showed 100% rise in FY22, do you have any of these
Happiest Minds share price till date
Shares of Happiest Minds were listed on BSE and NSE at a bumper premium on 17 September 2020. This multibagger stock has soared from Rs 522 to Rs 1122 levels in the last one year, a growth of about 115 per cent in this period. However, this IT stock has been under selling pressure for the last 6 months. Shares of Happiest Minds have fallen from Rs 1422 to Rs 1122 in the last 6 months, a fall of almost 21 per cent in this period. However, the stock has shown a strong rebound from its recent lows. In the last one month, the share price of Happiest Minds has increased from about Rs 975 to Rs 1122, which has seen a rise of about 15 percent in this period.
Happiest Minds IPO Details
The IPO of Happiest Minds came in the primary market in September 2020 at a price band of ₹165 to ₹166 per equity share. The objective of the public issue was to raise ₹702.02 crore. Shares of Happiest Minds were listed at a bumper premium of over 100 per cent on both NSE and BSE on 17 September 2020.
,