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Four Multibagger IT Stocks That Are Screaming Buys
Markets have fallen quiet a bit in the last few weeks and IT stocks in particular have bee the worst hit. Here are select multibagger stocks.
Markets have fallen quiet a bit in the last few weeks and IT stocks in particular have been the worst hit. However, there are select stocks from the space that are great picks. Some of these can be great buys from a long term perspective. The stocks are taken from the recent research report of Dynamic Levels.
Trigyn
Trigyn has been providing services to the Government for over three decades. Its major clientele comes from the City and State of New York, North California, Washington DC, New Jersey, Minnesota among others. It also serves to United Nations Organizations and World Intellectual property organization. It is its clientele that immuned Trigyn to the dismal impact of Demonetization. Since 21st November, Trigyn share price gained over 52 per cent, the most among the IT majors. On 21st November, the stock closed at Rs 82.25 and On December 16th it closed at the price of Rs. 125.10. On 16th December, the stock had closed after gaining over 7 per cent in an otherwise range bound market. On 9th December, the stock witnessed the highest traded and deliverable quantity of approximately twelve lakh shares and three lakh shares respectively at the low of Rs. 103.15.
Quickheal Technologies
The cashless India drive has been a boon for the company. The Pune-based company provides internet security and antivirus products for computers, servers and mobile phones. With increasing number of transactions and susceptible data going online, the demand for Quick Heal's products and services is likely to rise. Quick Heal Technologies share price is up over 22% since Demonetization and is trading at 22 times FY17 earnings. The company has a strong business model with over 30% market share of the software security industry and has stable earnings and cash flows. Any correction can be a good opportunity for investors.
L&T Infotech:
L&T Infotech is a subsidiary of engineering & construction major Larsen & Toubro. The company figures among India's top 10 IT service providers and is a new listing on NSE. It is presently looking to pursue strategic acquisitions in Germany and France to improve capabilities and address gaps in language capability, industry & technical expertise and geographic coverage in these countries.
Larsen & Toubro Infotech share price has gained over 13 per cent from Rs. 600.50 on November 21st to close at Rs. 679.20 on 16th December 2016. The highest traded quantity of the stock of over one lakh had been on 15th December on the low of Rs. 667.05 and the highest deliverables of over 80 thousand shares have been on 14th December at the low of Rs.648.80.
Hinduja Global
Hinduja Global Solutions Limited, jointly with its subsidiaries, provides information technology (IT) and IT enabled services in India as well as internationally. The company provides outsourcing solutions, including back office processing, contact center, and customized IT services; and voice and non-voice related customer contact and business process outsourcing services. The company also offers customer relationship management programs integrating inbound contact center, Internet, database marketing among other services. Hinduja Global share price closed at Rs. 538.60 on December 16th, gaining over 11 per cent since its close of Rs. 483.75 on 21st November 2016. The company also paid the dividend of Rs. 2.50 on 22nd November 2016.
Each of these stocks has gained over 10 per cent since November 21st, staying unscathed by the Demonetization drive when the market was hit and slided to the low. Instead these stocks rode the waves, benefitting from the Digital India Campaign. Needless to say, these are the best bets for enriching the investment portfolio these days.
Disclaimer
Disclaimer: The contents of the article is sourced from the research report of Dynamic Levels with due permission. Dynamic Levels is a website owned by Dynamic Equities Pvt Limited, a member of BSE and NSE. You can visit Dynamic Levels by clicking: Dynamic Levels The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article. The author and his family do not own any shares in the above mentioned stocks.
