Happiest Mind have fallen to a PE multiple of 47 because of the IT sector correction. With the revenue guidance of 12% growth per year and IT sector headwinds, what does the group here thinks about it’s valuations?
12% growth is just organic growth guidance, with a lot of cash on it’s book, they would go for acquisition as well which would have a multiplier effect on there growth guidance. One of the positive things about this headwind in IT sector is they could get cheap valuations for acquisition which would play out well for Happiest Mind in the long term.
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