We discuss Best NSE technology stock to buy now in India. The Information Technology sector and it’s prosperity in any country is the need of the hour as far as the economic wellbeing is concerned. Especially in these challenging times of COVID-19, the entire world almost stopped, all the transport and exchange businesses were affected, and in hard times, the IT sector proved to be the savior. Since, compared to any other sector, the IT sector had an advantage of remote working possibility. People were able to carry out their businesses from wherever they were. So this proves how important this sector is and why people are intrigued so much by them. Be it, a working opportunity in this sector or an investing one, nobody wants to miss out on such chance.
Thus we have come up with the list of top IT technology stock to buy now in India. It should be again noted, that the figures and the order are subject to changes, being part of the dynamic market nature. However, one could shortlist the best amongst the huge list, based on their past track record and upcoming plans and scope. So here are the top IT stocks to buy now in India.
Below Best NSE technology stock to buy now in India:
1. Tata Consulting Services Ltd. (TCS)
Being a part of the Tata group, Tata Consultancy Services is the flagship company. They are known for providing IT services, consulting and business solutions organization that have been partnering with many of the world’s largest businesses in their transformation journeys for more than 50 years. They lay down a diverse consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The last traded share price of Tata Consultancy Services Ltd was 3,670.90 up by 0.22% on the NSE. Evidently their total volume of shares on NSE and BSE combined was reported to be 2,209,923 shares. Also its total combined turnover was around Rs 811.77 crores.
Price : 3670.90 (INR)
Mkt Cap: 3446.85(Cr)
2. Infosys Ltd
Next on the list, is another tech giant, Infosys (the Company or Infosys). They are considered to be amongst the leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation. In addition to this their main goal or objective is to build a sustainable organization that remains relevant to the agenda of clients, and blends in well with creating growth opportunities for employees and generating profitable returns for investors. The basic ideology behind their organization is to be a navigator for their clients as they ideate, plan and execute on their journey to a digital future.
Price : 1866.15 (INR)
Mkt Cap: 7.83(LCr)
3. HCL Technologies Ltd.
Moving ahead we have HCL Tech ,a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues. After their IPO in 1999, they entered into the global landscape and since then, have directed their focus on transformational outsourcing, and offering an integrated portfolio. The portfolio includes services which further include software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. Moreover, the company leverages its extensive global offshore infrastructure and network of offices in around 46 countries to provide multi-service delivery in key industry verticals.
Price : 1267.20 (INR)
Mkt Cap: 3.43(LCr)
4. Larsen & Toubro Infotech (LTI)
Next we have, Larsen & Toubro Infotech Limited (LTI), an Indian multinational information technology services and consulting company. It’s headquarter is in Mumbai, India. Moreover, in the year 2017, NASSCOM ranked LTI as the sixth-largest Indian IT services company in terms of export revenues which is quite a remarkable achievement. Also it was amongst the top 15 IT service providers globally in 2017, according to the Everest Group’s PEAK Matrix for IT service providers.
In addition to this they employ standards of the Software Engineering Institute’s (SEI) Capability Maturity Model Integration (CMMI) and are a Maturity Level 5 organization as per assessment. Thus making them one of the great potential investing company.
Price : 7181.25 (INR)
Mkt Cap: 1.255(LCr)
5. Wipro Ltd
Next up, is Wipro Limited, a global information technology, consulting, and business process services company, have their headquarters in Bangalore, Karnataka. They are known for the usage of cognitive computing, hyper-automation (using artificial intelligence (AI), machine learning (ML)), robotics, cloud, analytics and emerging technologies to help their clients adapt to the digital world. It serves its customers across more than five continents. As per the records their last traded share price was 699.60 up by 0.16% on the NSE. Its last traded stock price on BSE was 699.50 up by 0.14%.
The total volume of shares on NSE and BSE combined was 5,688,667 shares. Moreover, its total combined turnover was Rs 396.44 crores. Therefore, investors might eye their stocks for investment in the future.
Price : 699.60 (INR)
Mkt Cap: 3.82(LCr)
Thus, these were some of the top contenders for the list of best IT stocks to buy now in India. However, the investor should note that, these facts are mere a showcase of their past performance and not a guarantee of their growth rate and profit. Moreover, the market may turn the tables, and any company can overshadow any one from the list. So we suggest here that the reader should feel free to look out for more such rising tech companies, and should keep an eye on their performance too.
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