Not only TCS which even breached the $100 billion mark in market capitalization this month creating new records, IT sector as a whole is buzzing. Wipro are seeing the best April month in 9 years. As it is the sector as a whole has gained 10% in the April month itself which has happened for the first time in last eight years.
Also among other 11 sectors compiled by the bourses, Nifty IT index is the star performer so far this year. Nearly all of the stocks including Mindtree with gains of 36%, Tata Elxsi (+ 21%) have made splendid gains except Wipro which is down by 1.8%.
Tata Elxsi is acknowledged to be the biggest wealth creator among tech firms. The company into Internet of Things, product engineering and data analytics has garnered as much as 1400% returns for its investors in the last decade.