MMYT - Ebix: The Path To Prosperity Is Paved With Signposts
- The abrupt resignation of the previous auditor RSM in February, along with their strong insinuations of impropriety resulted in a steep slide in Ebix's share price.
- This article identifies two significant signposts that reinforce the view audited results will not include a material misstatement as feared by the market, post RSM.
- 4Q results and audited 2020 financial statements will be published next week and the deeply depressed share price is likely to respond. Fast.
- The surge of unicorns created in India this year lends credence to the view the EbixCash IPO will be highly successful.
- Last call for the clearance sale on Ebix, the digital e-train to Mumbai. Hop on board.
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Ebix: The Path To Prosperity Is Paved With Signposts