Stock Market is that pond of investment in which you have to swim at anyhow if you don't know how to swim you'll drown. Here I mean to say if you don't know how to analyze the stocks, there are higher chances that you will have to face losses.
Apart from analyzing the stocks, it is also difficult to find the stocks which will be going to generate wealth for you as there are around 5000 companies are listed in the stock market and around 1600 companies are listed at NSE (National Stock Exchange).
Those companies are classified into the different-different sectors FMCG, Banking, IT, Mining, gas, NBFC, Insurance sector etc. as per their business model which makes stock selecting more difficult.
Now, every investor has their own choice, some invest in bank stocks more, some invest in the FMCG stocks more and yes it is obvious that an investor could have his own understanding about a specific sector. So, if you like to invest in the IT sector more then this article is for you as I am going to discuss the best IT stocks to buy now in India.
Best IT stocks to buy now in India.
1. TCS (Tata Consultancy Services)
Tata Consultancy Services finds the first place in our list of best IT stocks to buy now in India. Headquartered in Mumbai, Maharashtra, India, TCS is the largest IT company in India with a market capitalization of Rs. 12,50,575 crores. As the Name indicates, TCS is a subsidiary of the TATA group and operated in more than 46 countries.
If we talk about the shareholding pattern of the company, then as of now, the highest 72.19% of holdings are held by the promotors.
If we talk about the financials of the company, then the company has reported a 14.9% rise in the net profit on a yearly basis in the Q4 2021 results.
2. Infosys Limited
Infosys limited comes in 2nd place in our list of best IT stocks to buy now. Infosys Limited is a large-cap company having a market capitalization of Rs. 6,68,367 crores. Headquartered in Banglore, Infosys is the 2nd largest IT company in India and it provides business consulting, information technology, and outsourcing services.
Foreign Institutions have the highest stake 32.67% in the company and 12.95% of holdings are held by the promoters of the company.
The stock is currently trading at a price of Rs.1574.20 and is considered a low-risk stock as the volatility of the stock is 1.61x as per nifty. The stock will be best suited for you if you don't like too many ups and downs in the stock price and also has good potential to compound your money if you can go for the long run.
If we talk about the financials of the company, the company has reported a rise of 17.5% in the net profit in the 4th quarter of 2021 on a year-on-year basis.
3. HCL technologies
HCL Technologies finds the 3rd place in our list of best IT stocks to buy now in India. With a market capitalization of Rs.2,70,186 crores, HCL technologies is a large-cap company. It is a subsidiary of HCL enterprises and its headquarter is in Noida, Uttar Pradesh. Along with India, France, United States, and Germany, the company is operating its business in 50 countries.
Promoters of the company have the highest stake of 60.33% in the company and 24.14% of holdings are held by the foreign institutions.
The stock is currently trading at a price of Rs.995.65 and is considered a low-risk stock due to the volatility of 1.77x as per nifty. The stock will provide the stability to your portfolio and also has the potential to generate good returns for you in long term.
Talking about the financials, HCL Technologies has reported a fall of 24.5% in its net profit in the Jan-March quarter of 2021 on yearly basis. But the good thing is their revenue increased by 1.8%.
4. Wipro limited
Wipro Limited is an Indian multinational company and it provides consulting information technology and business process services. With a market capitalization of Rs. 2,98,925 crores, Wipro is a large-cap company and it finds the 3rd place in our list of best IT stocks to buy now in India. It is also ranked as the 9th largest employer in India with around 1,95,000 employees.
The promoters of the company have the largest pie 73.02% in the holdings of the company and 9.21% of holdings are held by the foreign institutions.
The Company's stock is currently trading at a price of 547.50 and is considered a moderate risk stock because of its high volatility of 2.03x as per nifty. The stock has generated 149.20% returns in the last one year which means it has the potential to compound your money at a high interest rate if you can hold the stock for the long run.
If we have a look at the financials of the company then, Wipro has reported a growth in net profit of the company by 28% on yearly basis in the Jan-March quarter of 2021.
5. Tech Mahindra
Headquartered in Pune, India, Tech Mahindra finds the 5th place in our list of best IT stocks to buy now in India. Tech Mahindra is an Indian multinational company that provides business process outsourcing services (BPO) and information technology services. With a market capitalization of Rs.1,05,564 crores, Tech Mahindra is a large-cap company.
Promoters of the company have 35.76% of holdings in the company and 38.32% of the holdings are held by foreign institutions.
The stock is currently trading at a price of rs.1089 and it has generated returns at a CAGR of 101.88% in the last one year. The stock is classified as low-risk stock, has a volatility of 1.72x as per nifty. The stock can generate good returns for you if you can hold this stock for the long term and will also provide the stability between the high risks stocks in the portfolio.
The financials of the company shows a fall of 17.4% in the profit of the company in the Q4 results 2021 on yearly basis.
6. Larsen and Toubro Infotech Ltd.
With a market capitalization of Rs. 73,683 crores, L & T infotech is a large-cap company and it comes at the 6th place in our list of best IT stocks to buy now in India. LTI is a global Indian information technology solutions and services company based in Mumbai and it is a subsidiary of Larsen & Toubro Ltd.
The promoters of the company have the highest stake in the company, 74.27%, and 13.55% of holdings are held by foreign institutions.
The stock is currently trading at a price of Rs.4215.45 and it has compounded its shareholder's wealth at a CAGR of 117.69% in the last one year. The stock is classified as a moderate risk stock due to its high volatility of 2.36x as per nifty.
If we look at the financials of the company, then L & T has reported a growth of 28% in the net profit in their Q4 results of 2021 on yearly basis.
7. Mphasis Ltd.
Mphasis Ltd. is a Banglore-based IT service company and it comes at the 7th place in our list of best IT stocks to buy now in India. Mphasis Ltd. is a mid-cap company with a market capitalization of Rs.38,691 crores. The company provides application outsourcing services, infrastructure technology, application development and integration, and application management services.
Promoters of the company have the majority of stake 56.03% in the company and 21.82% stakes are held by foreign institutions.
The stock is currently trading at a price of Rs.2067.15 and it has generated a massive returns of 128.05% in last one year. The stock has classified as a moderate-risk stock due to its high volatility of 2.37x as per nifty.
Financials of the company indicates a 10.2% fall in net profit in the quarter 4th of 2021 on yearly basis but it has the potential to generate good returns for you.
8. Mindtree Ltd.
Headquartered in Banglore, Mindtree Ltd. is an Indian multinational information technology and outsourcing company and it is a part of Larsen and Toubro group. With a market capitalization of Rs.42,052 crores, Mindtree Ltd is a mid-cap company and finds the 8th place in our list of best IT stocks to buy now in India.
The company deals in e-commerce, mobile applications, digital transformations, testing, data analytics, enterprise resource planning across 18 countries.
The promoters of the company have the majority of stake 61.03% in the company and 13.92% of the stakes are held by the foreign institutions.
The stock is currently trading at a price of Rs.2552.85 and it has compounded its shareholder's money at a CAGR of 174.29% in the last one year. The stock is considered a low-risk stock as it has volatility of 1.99x as per nifty. The stock will give the stability to your portfolio and also can generate good returns for you in the long run.
The financials of the company indicates a massive rise of 54% in the net profit in the 4th quarter of 2021 on yearly basis.
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The Bottom Line...
Above all the data like stock prices, shareholding, market capitalization, results are taken from Tickertape and are as of 27th of June 2021, they may change with the change of stocks prices.
The author is just sharing his opinion about these stocks meanwhile he is not giving you any stock advice. Please consult your financial advisor or do a thorough research by yourself before investing in these stocks.
So, Let's end this article of "8 Best IT stocks to buy now in India in 2021" with these 8 best stocks. If you liked the article then please share the post with your friends and your loved ones or if you have any query please feel free to ask. Comment down and share your opinions, we'll be happy to engage with you. Goodbye and Happy Investing!! ✌✌
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