The IT industry is one of the few that has remained unaffected by the second wave, with the BSE IT index up about 24% so far in 2021. In fact, it surpassed both the benchmark Sensex and the BSE Smallcap index, which is often the favourite of investors during a bull market rise. The technology upcycle has just just begun, according to analysts , and sector companies are poised to benefit from the digital boom Here are some of the stocks that have done extremly well in this year.
Happiest Minds Technologies
With a ROE of 55.74 percent, the company has a solid track record. In the last three years, the company has had an average profit growth of 143.18 percent. The effective cash conversion ratio of the corporation is 92.84. With a 14.48 times operational leverage, the company is in good shape.
From Rs 344.05 on December 31, 2020, to Rs 1145 on July 7, 2021, the stock has increased by 253 percent. It has a 52-week high of Rs 1247. Happiest Minds Tech. has a D/E ratio of 0.31, indicating that the company has a low debt-to-capital ratio. The company's year dividend is Rs 3 with a yield of 0.26 percent.
Brightcom Group Ltd
Brightcom Group Ltd. was founded in 1999 and is based in the United Kingdom. The current share price is 28.75. It currently has a market capitalization of Rs 1557.82 crore. The company reported gross sales of Rs. 4665.88 crores and total income of Rs. 4813.33 crores in the most recent quarter.
Brightcom Group's PE ratio is 178.19, which is excessive and expensive in comparison. Brightcom Group's current year dividend is Rs 0 with a yield of 0.18 percent. Brightcom Group recorded revenue increase of 1.75 percent, which is low when compared to its overall performance and growth.
Newgen Software Technologies
Newgen Software Technologies rose from Rs 269.10 on December 31, 2020, to Rs 734.30 on July 5, 2021, the stock has grown 155 percent to Rs 696. It has a 52-week high of Rs 755.
The company Newgen Software Technologies Ltd. was founded in 1992. The current share price is 698.4. It currently has a market capitalization of Rs 4878.36 crore. The company reported gross sales of Rs. 6103.95 crore and total income of Rs. 6247.04 crore in the most recent quarter.
Newgen Software Tech's PE ratio is 42.92, which is excessive and overvalued in comparison. The current ratio of Newgen Software Tech is 2.25. Newgen Software Tech has a D/E ratio of 0.14, indicating that the company has a low debt-to-capital ratio.
Subex stock surged from 28.45 on December 31, 2020, to Rs 70.60 on July 7, 2021, the stock has increased by 144 percent. It has a 52-week high of Rs 69.
In the year 1994, Subex Ltd. was founded. The current share price is 71.85. It currently has a market capitalization of Rs 3748.56 crore. The company reported gross sales of Rs. 754.4 crore and total income of Rs. 758.9 crore in the most recent quarter. Subex's return on investment (ROI) is 4.64 percent, which is a poor indicator of future performance. Subex's current year dividend is Rs 0.75, with a yield of 1.12 percent.
The company eClerx Services Ltd. was founded in the year 2000. Its share price currently is 2080.75. The D/E ratio of eClerx Services is 0, indicating that the company has a low debt-to-capital ratio. It currently has a market capitalization of Rs 7257.03 crore. The company reported gross sales of Rs. 11201.67 crores and total income of Rs. 11741.68 crores in the most recent quarter. eClerx Services' current year dividend is Rs 1 with a yield of 0.05 percent.
The ROA of eClerx Services is 8.34 percent, which is a poor indicator of future success; higher figures are always preferable. The return on equity ratio illustrates how much profit is generated by each rupee of common stockholders' equity. The ROE of eClerx Services is 10.40% (higher is better).
5 IT Multibagger Stocks With Returns Up to 100-250% In 2021
|Company||Dec 2020||July 7, 2021||YTD|
|Happiest Minds||Rs 344.05||1,196||253.48|
|Newgen Software Technologies||269.10||696.5||155.38%|
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