These IT stocks have soared up to 100 per cent in one month!

Several IT stocks not falling in the category of Largecap and Midcaps have been able to generate eye popping returns

The importance of industry analysis cannot be undermined in security analysis. Understanding a secular trend in a particular industry can prove to be extremely profitable when investing in equities.

IT sector has seen a massive improvement in the investor sentiment and has also been rerated since the advent of the pandemic. Several IT stocks not falling in the category of Largecap and Midcaps have been able to generate eye popping returns. Some of top performing IT stocks are actually penny and low price stocks that have delivered stellar performance on the bourses.

BSE IT index is up by 9.70 per cent in one month while Sensex is up by 4.89   per cent in one month. The top 10 IT stocks, in terms of performance on bourses, with market cap greater than Rs 100 crore have on an average gained by more than 55 per cent in one month alone.

Following are the top IT (Mcap > 100 cr) performers in past one month:-