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The IT sector is one of the most crucial sectors of the Indian industry as well as one of the largest drives of export revenue for the country. The IT industry contributes to about 7.7% of GDP and is expected to contribute to about 10% in the next five years. IT companies are known to carry negligible to no debt on their balance sheets. Following we tell you the top 10 IT stocks to buy in India.
1. Tata Consultancy Services Ltd
This company is the flagship company and a part of the Tata group. The company is an It services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Their total combined turnover for the last trade share price was Rs 586.08 crores. The stock price of this company is up by 4% since last month and 57% since last year.
2. Infosys
This company is a leading provider of consulting, technology, outsourcing. The company’s strategic objective is to build a sustainable organization that remains relevant to the agenda of clients while growing opportunities for employees and generating profitable returns for investors. Their total combined turnover for the last trade share price was Rs 658.23 crores. The company’s stock price is up by 4% since last month and 100% up since last year.
3. Wipro Ltd
This company is a global information technology (IT), consulting and business process services (BPS) company. Their total combined turnover for the last traded share price was Rs 335.31 crores. the stock price of this company is up by 10% since last month and 168% since last year.
4. HCL Technologies Ltd
HCL tech Ltd is a leading global IT services company. This company offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL has a network of offices in 46 countries to provide multi-service delivery in key industry verticals. Their total combined turnover for the last traded share price was Rs 399.88 crores. The stock price of this company is up by 5% since last month and 78% since last year.
5. Tech Mahindra Ltd (TECHM)
This company is a leading provider of consulting-led integrated portfolio services to customers which were Telecom Equipment manufacturers, Telecom Service Providers and IT infrastructure service providers, business process outsourcing service providers as well as Enterprise Solutions Services of Information Technology (IT) and IT-enabled services delivered through a network of multiple locations across the world. Their total combined turnover for the last traded share price was Rs 194.69 crores. The stock price of this company is 7% up since last month and 96% up since last year.
6. Larsen Toubro Ltd (LTI)
This company is engaged in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of design to deliver. The company is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Their total combined turnover for the last traded share price was Rs 357.48 crores. The stock price of this company is up by 11% since last month and 74% since last year.
7. MindTree Ltd
This company is an international Information Technology (IT) consulting and implementation company that delivers business solutions through global software development. Their total combined turnover was Rs 370.89 crores. The stock price of this company is up by 12% since last month and 165% since last year.
8. Oracle Financial Services Software(OFSS)
This company is principally engaged in the business of providing information technology (IT) solutions and business processing services to the financial services industry worldwide. Their total combined turnover was Rs 21.74 crores. The stock price of OFSS is up by 2% since last month and 46% since last year.
9. Mphasis Ltd
This company is a global information technology (IT) solutions provider specializing in providing cloud and cognitive services. Their total combined turnover for the last traded share price was Rs 165.11 crores. the stock price of this company is up by 10% since last month and 129% since last year.
10. L&T Technology Services (LTTS)
This company is an engineering services provider incorporated in 2012. LTTS offers engineering, research and development (ER&D) and digitalization solutions to companies in the areas such as transportation, industrial products, telecom and Hi-Tech, medical devices and plant engineering. Its customer base includes 500 companies and 53 of the world’s top ER&D. It also has 296 global clients in 25+ countries. Their total combined turnover for the last traded share price was Rs 28.31 crores. The stock price of this company is down by -0% since last month and up by 142% since last year.