Many sectors have been badly affected in this era of a pandemic. But there are many other sectors which remained unaffected by it and IT is also one of these. The BSE IT index has gained 24 percent this year. The shares of many companies in this sector have risen by 100 to 250 percent. Shares of companies like Happiest Minds Technologies and Brightcom Group have jumped over 200 percent. According to ACE Equity data, the top 10 companies in the sector have also performed well.
Shares of Infosys, Wipro and Mindtree have gained over 25 percent this year. Excepting HCL Technologies, all the top 10 companies have gained in double digits. Country’s largest IT company TCS holds 16 percent, Infosys 26 percent, Wipro 39 percent, HCL Technologies 4 percent, Tech Mahindra 10 percent, L&T Infotech 11 percent, Mindtree 54 percent, Mphasis Shares rose 37 percent, Oracle Financial Services Software 12 percent and L&T Technology Services 24 percent.
Up to 250 percent increase in these companies
The stock of Happiest Minds Technologies Ltd. has jumped 250 percent so far this year. Its price on July 5 was Rs 1204.15 while on December 31, 2020, its price was Rs 344.05. Similarly, the stock of Brightcom Group Ltd. has gained 207 percent this year. Its price on July 5 was Rs 26.25, while on December 31 last year it was at Rs 8.55.
Shares of these companies rose more than 100 percent
The stock of Newgen Software Technologies Ltd. has gained 173 percent this year. Its price on July 5 was Rs 734.30 while on December 31 last year its price was Rs 269.10. Similarly, the stock of Subex Ltd. has gained 141 percent so far this year. Its price was Rs 28.45 on December 31, 2020, which reached Rs 68.60 on July 5. The stock of eClerx Services Ltd. has climbed 139 percent till July 5. On December 31 last year, its price was Rs 883.65, while on July 5 its price had reached Rs 2114.70.
The stock of Tata Elxsi Ltd. has climbed 139 percent this year. Its price was Rs 1932.85 on December 31 last year, which reached Rs 4376.90 on July 5. The stock of Intellect Design Arena Ltd. was Rs 314.75 on December 31, which reached Rs 723.90 on July 5. In this way, its price has increased by 139 percent this year. The stock of Hinduja Global Solutions Ltd. has gained 121 percent this year. Its price was Rs 1128.90 on December 31 last year, which reached Rs 2500.05 on July 5. Similarly, the stock of Mastek Ltd. has gained 101% this year. The stock stood at Rs 1140.90 on December 31 last year and touched Rs 2292.30 on July 5.
