IT software companies specialize in developing mobile apps and websites using various programming languages like C++ and Java. Discussing IT without mentioning artificial intelligence is nearly impossible today. Additionally, IT companies are actively involved in emerging sectors such as cloud computing, machine learning (ML), and robotics.
IT Software Stocks List: Top 5
If you are interested in exploring potential investments, here’s a look at the top 5 IT software stocks you may consider.
In the year 1945, Wipro was started by Mohamedhusain Hasham Premji, and Azim H. Premji later took the company to greater heights. With over 65 countries, Wipro offers various solutions and services, including cloud, data analytics, engineering, and applications.
- Wipro share price: ₹450+
- Wipro market capitalization: ₹2,37,107 Cr (Data as of January 2024)
A part of the Tata Group, TCS was established in 1968. Operating across diverse IT segments, TCS provides consulting services and business solutions with a business presence spanning more than 131 countries.
The company offers cloud, cybersecurity, IoT, and enterprise solutions, along with its in-house products and platforms like ‘TCS BFSI Platforms’ and ‘TCS ERP on Cloud ignio’.
- TCS share price is ₹3,700+
- TCS Market cap: ₹13,58,860 Cr (Data as of January 2024)
Founded in 1989, Tata Elxsi is in the business of providing digital design and technology services across diverse industries, from automotive and communications to off-highway equipment and railways.
The company has brought in skilled individuals from over 20 countries. These individuals play an important role in contributing to the company’s growth in areas like big data engineering, IoT (Internet of Things), VR, and cybersecurity.
- Tata Elxsi share price: ₹8,700+
- Tata Elxsi market capitalization: ₹54,551 Cr (Data as of January 2024)
Happiest Minds Technologies
Founded in 2011, Happiest Minds has expanded its business beyond India to operate in the US, Canada, Australia, the Middle East, and the UK.
The company works in various technologies such as blockchain, cloud, IoT, robotics, security, AR, VR, and agile infra.
- Happiest Minds share price: ₹890+
- Happiest Minds Technologies market cap: ₹13,617 Cr (Data as of January 2024)
Infosys began its journey in 1981 and today, it has 13 subsidiaries in total. The company offers services and solutions to more than 1884 clients across 56+ countries.
Infosys provides a range of solutions which includes digital marketing, applied AI, blockchain, enterprise agile DevOps, and cybersecurity.
- Infosys share price is ₹1,450+
- Infosys market capitalization: ₹6,30,723 Cr (Data as of January 2024)
Who Should Invest in IT Software Stocks?
These stocks are a good choice for people who want to invest in companies that are fundamentally strong and can generate revenue from the global IT business. They are known for generating consistent PAT (profit after tax) which also means they can pay regular dividends.
They are especially suitable for investors thinking about the long term. However, in the short term, these companies can be affected by global trends in IT, which can also impact their stock prices.
IT software stocks have the potential to provide returns and steady dividend earnings in the long run. The top 5 IT software stocks list includes well-known names like Wipro, Tata Elxsi, Tata Consultancy Services, Happiest Minds, and Infosys.
If you’re thinking about buying some IT software stocks, you can start by downloading the Dhan Online Trading App and then opening a Demat and Trading account.
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