These top performing IT stocks gained more than 4 per cent on one week alone!
The passing week saw several stocks make 52-week highs. CAMS, Infoedge and Mindtree are just some of the quality IT stocks that made fresh 52 week high in this week. Zen Technolgies was the top IT gainer as government announced relaxation in drones usage policy ; clearly a positive for the company. The share price of Zen Technologies also increased because of order wins this week.
BSE IT index gained 1.34 per cent in the past one week and features amongst the worst performing sectoral index on bourses. In one month, the BSE IT index is up by ~9 per cent.
If we consider the performance of IT companies with market cap greater than Rs 1000 crore we find there are at least 18 IT companies that gained more than 4 per cent in past one week.
Following is the list of IT companies that gained more than 4 per cent in one week alone:
|
Sr No
|
Stock Name
|
M Cap (Cr)
|
PE
|
1 Week returns (%)
|
|
1
|
Zen Technologies Ltd.
|
1222.47
|
275.27
|
53.21
|
|
2
|
Infibeam Avenues Ltd.
|
6060.8
|
110.64
|
13.33
|
|
3
|
Computer Age Management Services Ltd.
|
18185.55
|
68.2
|
8.36
|
|
4
|
Mastek Ltd.
|
7108.88
|
300.46
|
7.47
|
|
5
|
Sasken Technologies Ltd.
|
2122.02
|
21.22
|
7.26
|
|
6
|
Newgen Software Technologies Ltd.
|
4243.51
|
32.69
|
7.03
|
|
7
|
Happiest Minds Technologies Ltd.
|
22080.2
|
149.03
|
6.36
|
|
8
|
Nazara Technologies Ltd.
|
5524.91
|
0
|
6.03
|
|
9
|
Onmobile Global Ltd.
|
1281.44
|
87.05
|
5.92
|
|
10
|
Persistent Systems Ltd.
|
26295.55
|
47.84
|
5.84
|
|
11
|
Route Mobile Ltd.
|
11559.37
|
659.03
|
5.65
|
|
12
|
Quick Heal Technologies Ltd.
|
1341.8
|
15.89
|
4.86
|
|
13
|
Info Edge (India) Ltd.
|
79613.7
|
275.79
|
4.85
|
|
14
|
Cyient Ltd.
|
10908.88
|
39.14
|
4.67
|
|
15
|
Accelya Solutions India Ltd.
|
1972.58
|
43.65
|
4.57
|
|
16
|
Firstsource Solutions Ltd.
|
13279.39
|
32.6
|
4.56
|
|
17
|
RPSG Ventures Ltd.
|
1913.59
|
14.03
|
4.36
|
|
18
|
Larsen & Toubro Infotech Ltd.
|
95584.48
|
48.61
|
4.18
|