4 IT Sector Multibagger Stocks That Doubled Investors Money In The Last One Year

As per the statistics, IT stocks are the most sought after and invested into sector even in 2022 only after the other widely fascinating penny stocks category. Nevertheless, as amid inflation, there is seen a faint outlook for the sector giving a cut down in IT spending, here are some IT names that have yielded multibagger returns for its investors.

Tata Elxs

This stock from the Tata group pack has given a whopping return of 132% in a year's time. The stock has moved from a 52-week low price of Rs. 3555 to a 52-week high of Rs. 9420. The company is amongst the world's leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. Tata Elxsi is helping customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.

The stock is infact the only mid-cap IT stock with year to date returns in the positive territory. The company through its focus and endeavours in futuristic technology looks promising.

KPIT Technologies

The small cap IT company stock in the last 1-year has fetched 117% return. The stock's 52-week low is of Rs. 220 and its 52-week high is Rs. 801 per share. The company as per its website is an independent software partner to global automotive leaders. The company is focused on automotive and mobility. Worldwide footprint with Direct presence in Germany, Americas, Japan, India, Korea, China. Typically the company is the only embedded software company with deep domain expertise across CASE (Connected, Autonomous, Shared, Electrified) domains. As of now, the stock is trading at a higher valuation.

Infobeans

This is a small cap IT sector stock that typically offers digital technologies to transform traditional and non-digital business processes and services into digital. The company's other services include product engineering, open text, Salesforce and other solutions. The firm's scrip in a year's time has fetched 122% return.

The company's net profit for the most recent quarter ended March has come down by a margin from Net profit of Rs. 7.28 crore in March of Fy21 to Rs. 6.98 crore. This is even as revenues inched higher YoY.

Expleo Solutions

This is another small cap IT company with YTD multibagger return of 116%. Expleo Solutions Limited (formerly known as SQS India BFSI Limited) is part of the Expleo Group of companies, focusing exclusively on business assurance, quality assurance and software testing for the banking, insurance and financial services industries. Expleo Solutions Limited is a public company listed on both the BSE and NSE with its registered office in Chennai, India and works with clients across APAC, USA, Europe and the Middle East.

Disclaimer

Here is a list collated of IT sector multibagger stocks and is indeed not a recommendation to buy into these scrips.