This article will throw light on some of the Best IT stocks to buy that are highly profitable.
The IT or Information Technology sector in India is developing robustly and is drawing in massive business for the country.
A large number of IT companies of Indian origin operate in different parts of the world and serve global clients.
Thus, investors get to choose from a wide spectrum of IT Shares to buy.
Top 10 IT Stocks to Buy in India – List of Best IT Shares to Buy
In this article, readers will be introduced to the 10 Best IT Stocks to Buy in India. These companies are doing exceptionally well economically in the market and hold great positions worldwide.
Investors can get guaranteed returns from these shares as they are of the IT market leaders. Thus, investment risks can be eliminated to a major extent with these stocks.
At first, readers should learn about the Top 10 Tech shares, and they are of TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, Larsen & Toubro Infotech Ltd., Oracle Fin, MphasiS, MindTree, and L&T Technology Service Ltd.
These companies are the top ones in the nation and are offering premium services to popular brands across the globe.
One can expect to earn the best return by investing in the stocks of these companies. Therefore, readers should not miss out on any point for learning more about IT shares.
Tata Consultancy Services Ltd. – Best IT Shares to buy in India
Tata Consultancy Services Ltd. or TCS is undoubtedly the highest-grossing IT companies in India.
This share is considered as the Best Software Shares to buy for its extraordinary performance in the past few years. The 52 weeks high-low ratio shows that TCS shares are going up aggressively.
It 52 weeks low was 1506.05 while the 52 weeks high is 2358. TCS has an estimated market capitalization of Rs. 858845.81 crores which is a huge figure in the national market. Its trading volume is 5,232,180 that shows the high amount of indulgence of traders.
TCS is a subsidiary of the most trusted Tata Group, and its client base includes big names from different countries. It shares a high amount of dividend of 3.41% with its shareholders.
Infosys Ltd. – Top IT Stocks to buy in India
The second rank holder among the 10 Best IT Stocks to buy in India is Infosys Ltd. Its net worth is Rs.391480.20 crores, and the total trading volume is 8,650,414. This company has managed to overcome its 52 weeks low with a good figure.
The 52 weeks low was 509.25 and the 52 weeks high was 986.45 for Infosys Ltd. shares. Investors get a dividend of 1.9% from this company. The EPS or Earnings per Share is quite high, and it is Rs. 39.98.
Infosys has been serving a huge client base for a very long time, and its performance has helped in earning a lot of goodwill in the market.
Check out the list of best stocks to buy from other sectors
HCL Technologies Ltd. – Most Traded IT Shares in India
HCL Technologies Ltd. has fetched the third position among the 10 Most Traded Tech Shares in India. This share has performed well in the share market and ditched the 52 weeks low effectively.
HCL Technologies shares have 52 weeks low of 375.25 and the 52 weeks high was 729. The total worth of the company is Rs. 190173.65 crores at present.
Its trading volume has gone up to 3,354,884 in the past few years, and this proves the large number of investors drawn by the company.
Clients get a dividend share of 1.43%, which boosts their profit. HCL Technologies Ltd. is a profitable option to invest as it has a huge turnover every year.
Wipro Ltd. – Top 10 IT Stocks to buy
Wipro Ltd. is one of the biggest IT companies in India, and its business horizons are expanding aggressively.
Its share is counted among the Top 10 Technology Stocks to buy as it has been performing exceptionally well in the stock market. Wipro Ltd. stock has come up with a bang after its 52 weeks low and given new hope to investors.
The 52 weeks low was recorded as 159.40, whereas the 52 weeks high was 290.80. This company’s net market capitalization is Rs.157718.51 crores, and the trading volume is 10,707,714.
Wipro has been serving relentlessly for more than seven decades and gives every reason to be relied on.
Tech Mahindra Ltd. – Best IT Shares in India
The 5th position in the list of the 10 Best IT Shares to buy in India is held by Tech Mahindra Ltd.
This company is one of the A-listed IT companies in India with a total worth of Rs. 72289.41 crores. The Tech Mahindra shares have shown a massive growth if the 52 weeks high-low ratio is assessed.
It 52 weeks low was 471.40, and 52 weeks high was 845.90. Investors are given a dividend of 2% by the company.
The trading volume of Tech Mahindra shares is 2,954,870, and this denotes that a large number of shares are traded daily.
This company’s great stock market performance and large customer base are solid reasons for investing in its shares.
Here are the list of Top Stocks to Buy from other Sectors
Larsen & Toubro Infotech Ltd. – Top IT Shares to buy in India
Larsen & Toubro Infotech or L&T Infotech shares are the sixth position holder among the Top Software Shares to buy in this country.
This company has a net market worth of Rs. 43172.93 crores. The trading volume of L&T Infotech shares is very high, and it is of 206,186.
According to market analysis, the 52 weeks low of this share was 1210 and the 52 weeks high was 2550.
Shareholders receive a decent portion of a dividend of 1.13% if they hold shares of this top-notch IT Company.
L&T Infotech Ltd. has a wide service portfolio and serves a large number of clients across the world.
Oracle Financial Service Software Ltd. – Best Technology Shares to Buy
Incorporated in 1990, Oracle Financial Services Software Ltd. finds the seventh place in the list of the 10 Best Technology Shares to Buy.
This company has outperformed itself in the stock market and has bounced back with a punch from its 52 weeks low.
The 52 weeks low was 1506, but the 52 weeks high was commendable, and it was 3262.7. Its market capitalization is Rs. 25621.33 crores, and trading volume is 58,865.
This IT Company serves a large number of clients in almost 145 countries worldwide. Oracle’s journey from its inception has been noteworthy, and it is touching new heights regularly.
MphasiS Ltd. – Best IT Stocks to buy
MphasiS Ltd. is one of the emerging IT companies, and its share is considered as one of the Best Tech Stocks in India.
Its 52 weeks low-high ratio predicts the powerful performance in the stock market with the low value being 630 and the high being 1230.
The net worth of the company is Rs. 21340.14 crores, and its trading volume is 315,301, which denotes investors’ trust in the company.
This company shares a 3.06% dividend with shareholders, and the EPS is Rs. 64.07. MphasiS Ltd. was established in 2000 and has grown robustly in just a small span of two decades.
MindTree Ltd. – Top Software Stocks to buy in India
MindTree Ltd. holds the penultimate position among the 10 Top IT Stocks in India that can be bought for profitable returns.
It was established in 1999 and had headquarters in India and the USA. This share has overcome its 52 weeks low efficiently and has caught the momentum actively.
The net worth of MindTree shares is Rs.19652.61 crores, and this figure is increasing rapidly.
A huge volume of shares of this company is traded daily, and the figure is 867,108. Shareholders earn a dividend of 1.09%, which adds to the profit account.
Its 52 weeks low was 667 and 52 weeks high was 1225.
L&T Technology Services Ltd. – Tech Stocks to Buy
The ultimate name in the list of the 10 Best Tech Stocks to buy is of L&T Technology Services Ltd.
This company has a market capitalization of Rs. 16338.60 crores, and its business is expanding at a great speed. The 52 weeks low of the company was 995 and the 52 weeks high was 1780.
This shows that the company has taken the upward momentum and investors are earning a good return on investment.
The trading volume of L&T Technology Services is 54,814. Shareholders earn a dividend of 1.34% by purchasing stocks of this company.
IT Stocks to Buy – Conclusion
This article has provided comprehensive knowledge on the top 10 Technology Shares to buy in India. These shares are doing great in the market, and they enable an investor to earn a huge amount of profit.
One should, however, assess these Software Stocks to buy carefully before purchasing them for the long term to ensure a good amount of profit.
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