Computerized arrangements supplier Happiest Minds Technologies saw better-than-anticipated posting premium and dramatically increased speculators’ cash on its market debut on September 17.
The stock flooded 123.49 per cent to close at Rs 371 on the Bombay Stock Exchange and bounced 123.46 per cent to Rs 370.95 on the National Stock Exchange.
It kept up its initial cost of Rs 351 on the BSE and Rs 350 on the NSE all through the meeting, while at the same time seeing consolidated (BSE and NSE) exchanging volumes of over 6.29 crore value shares, a lot higher than the all-out issue size of 4.22 crore shares.
Happiest Minds share cost contacted an intraday high of Rs 395 (up 138 per cent over IPO cost) on the BSE and Rs 394.95 on the NSE.
Happiest Minds Technologies is among the most successful IPOs of the decade.
At present Happiest Minds traded @348.
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