We present a high-conviction investment idea on Expleo Solutions, an under-researched premier quality assurance company, with a fair value of Rs1,420. The company is likely to be a One Stop Solution' provider with the merger of engineering, design and testing capabilities. Its investment in the high-growth next-gen testing segment, where it has a leadership position, has started to reap benefits. We believe, a niche company like Expleo Solutions is attractively placed considering its specialized offerings, growth visibility, MNC parentage, superior financials, increased outsourcing trend, traction in smaller deals...