Nifty IT hits all-time high; will these top three performing stocks of December continue their upward move?

The month of December was not a smooth ride for the Indian benchmark indices as it was filled with ups & down amid outflow from FIIs along with the economic disruption caused by the new variant of Coronavirus and the global central banks sounding more hawkish. However, there was one sector that stood out in the month of December as it was immune from all this and went out to become the showstopper of D-Street.   

No prizes for guessing! It was Nifty IT sector. Nifty IT index gained 10 per cent in the month of December thereby, outperforming the headline as well as the broader market indices hands down.

So, let’s know which the top-performing stocks from Nifty IT index were in the month of December. Interestingly, all the stocks delivered positive returns in the month of December! However, the top-performing stocks were not the usual names like TCS or Infosys; instead, the top three performers were the overlooked ones!   

Here is the list of the top three performing stocks from Nifty IT index: