The stock is up over 80 per cent from its 52-week low of Rs 44.15 per share.

E2E Networks has outperformed other IT companies, delivering a 793 per cent return over the past year, followed by Network People (390 per cent) and Oracle Financial Services (198 per cent).

The company posted a net profit compared to a loss same quarter last year.

The company’s shares have delivered an impressive return of around 125 per cent to its shareholders in the past 1 year only.

The company’s shares have delivered an impressive return of over 780 per cent to its shareholders.

The company’s shares have delivered an impressive return of over 30 per cent in the past week.

The company’s shares have delivered an impressive return of over 140 per cent compared to its final IPO issue price.

Shares of the company grew by more than 50 per cent in the last one year.

Soaring to new heights: This company hits a new 52-Week high today, exhibiting impressive growth in Q4FY23.

Nifty IT index is down by 17 per cent, however, these IT companies bucked the trend.

The company informed the exchange, through its press release, that it has sold 5.45 per cent of its equity holding in Dev Accelerator Pvt. Ltd. ( DevX) , a managed co-working space business, at a valuation of 104 crore.

Here is a list of the top IT sector multi-baggers that have more than doubled investors' wealth!  

At 11.30 am on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 are trading flat after opening on the higher side in the pre-market session. This is majorly due to the IT stocks rally that took place on Monday in the US markets. The rupee has now officially crossed the significant 80-mark and is now trading at Rs 81.38 per USD.  

At 11.30 am on Friday, the headline equity indices, i.e. Sensex and Nifty 50 are seen extending their losing streak in the morning, owing to weak global cues.  

 At 12.30 pm on Friday, the headline equity indices, i.e. Sensex and Nifty 50 were trading lower by a per cent as the markets seem to accommodate the upcoming rate hike by US Federal Reserve amongst recession fears.  

At the time of market closing on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 recovered smartly from the opening lows.   

The global brokerage firm Nomura has maintained a cautious stance on the IT services sector and expects a significant moderation in the revenue growth rate of the Indian IT companies in FY24 vs FY23.

On Monday, the Indian equity markets kept an eye on the quarterly results. The weak start of IT earnings lowered the sentiments which made benchmark indices start the session on  a negative note. 

Once a darling of investors but now an evil, it’s the saga of Nifty IT sector, which lost nearly 25 per cent in the last Q2 of the calendar year 2022. Moreover, on a YTD basis, it shed as much as 28 per cent.   

The markets crashed with full force at the beginning of the week while the key equity indices fell below their crucial levels, experiencing heavy selling pressure. The global markets corrected due to worries over upcoming policy rate hikes and cuts to the central bank’s balance sheet.  

The benchmark indices ended higher for the second consecutive day on the back of positive global cues. A lowering of FII selling made the domestic market comfortable in squeezing volatility. RBI’s upcoming policy meeting will be the key driver in the market, where they are expected to announce an additional policy rate hike of 25-35 bps.

Due to the global sell-off, the Indian equity markets traded under pressure with Sensex rattling 1,416.30 points or 2.61 per cent ending at 52,792.23 level while Nifty declining 430.90 points or 2.65 per cent at 15,809.40 level.  

This fall has come after a rise of 243 per cent  in the index since the start of 2020 till the end of 2021. 

On Monday, the benchmark indices started the session on a bit higher note but ended deep in the red amid volatility. Sensex fell 571.44 points or 0.99 per cent at 57292.49 level, and the Nifty was down 69.40 points or 0.98 per cent down at 17117.60 level.

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!