Among sectoral indices, the one sector that has been the most resilient even amid the pandemic has been the information technology sector. Further, the stocks from the space have turned out to be the multibaggers even amid the disruption and will further turn out to be high yielding in the upcoming years.
So, as was seen very lately, the recent traction in the pack which has been touching and scaling new highs was triggered due to the come up or catch up rally in Tier-I IT stocks, here we will list the counters from the space which have overwhelmingly this year.
1. Tata Elxsi:
This mid-cap Tata stock has run up from Rs. 1100 as on August 26, 2020 to currently Rs. 4924 per share. This is a whopping gain of 347% in the last one year.
The company is the world's leading entity offering design and technology services across sectors, including Automotive, Broadcast, Communications, Healthcare, and Transportation. The company is catering to its clients employ technologies including IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.
M-cap- Rs. 30198 crore
Last traded price: Rs. 4849
2. Tanla Platform:
The small cap IT scrip is creating the next big move in the cPaaS ecosystem. The company's prime services are around cloud communications and in a 1-year time has seen a move in stock price from Rs. 242 as on August 26 to Rs. 890, logging gains of 267%.
M-Cap- Rs. 11,971 crore
TTE P/E- 31.34
Industry- P/E -39.67
Again a small cap scrip from the IT space excels in embedded software, AI as well as other digital offerings. The company is primarily catering to the automobile industry globally.
The stock has gained from Rs. 92 as on August 26, 2020 to today's highest price of Rs. 324, 252% gains.
M-Cap- Rs. 8726 crore
Industry P/E- 39.67
Last traded price- Rs. 318.3
The company is into IT services and is a focused enterprise technology solutions provider. The Company's segments include UK, North America and Others. The Company's portfolio includes business and technology services, which consists of IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, application security, customer relationship management (CRM) services and legacy modernization.
From a price of Rs. 753 a year ago, the stock today has made a day's high of Rs. 2644 and considering that its gains in 1-year amount to a whopping 251%.
M-Cap- Rs. 6560 crore
TTM P/E- 27.51
Sector P/E- 39.67
LTP- Rs. 2581
Here we have just mentioned the performance of these mid and small cap IT stocks in the last one year. And now there is witnessed a catch up rally in tier I IT names. But the data has been collated just for information use and should not be construed as investment advice.