Stocks10 Best IT Stocks with Guaranteed Long Term Returns in 2023

December 6, 2022by Sanket Alurkar0

Best IT Stocks in Indian Market– Information Technology is a staple of the Indian economy, contributing to about 7.7% of the national GDP. The IT sector is expected to come up to 10% by 2025.

IT stocks in India are profitable for investors as India is the largest IT services provider in the world.

IT companies are considered to have approximately no debts on their balance sheets.

Following are the Top 10 IT Stocks to buy in India:

Best IT Stocks to hold long term

10. Oracle Financial Services Software Limited

Oracle Financial Services Software Limited is a subsidiary of Oracle Corporation.

In 1990, it was founded by Rajesh Hukku. It has its headquarters in Mumbai.

With more than 900 customers, and has a presence in over 145 countries.

It provides various services, from risk management to business process management.

Key Financials Value
ROE 27.08% (5 Year Average)
Operating Profit Margin 47.86%
Market Cap ₹26,884.69 Crs
Revenue growth CAGR of 3.36%
Official Website https://www.oracle.com/in/

9. Info Edge Ltd

Info Edge Ltd is a pure play company based in Noida, Uttar Pradesh.

In 1995 Sanjeev Bikhchandani founded the company. Info edge went public in 2006 under the name Naukri.

More than 70% of the revenue comes from the job portal Naukri.com.

Key Financials Value
ROE 21.8% (5 Year Average)
Operating Profit Margin 8%
Market Cap ₹ 52304.69 Crs
Revenue growth CAGR of 121%
Official Website https://www.infoedge.in/

8. Mphasis

Mphasis is an Indian multi-national information technology services and consulting company.

Headquartered in Bangalore, it provides applications outsourcing services and infrastructure technology.

It is ranked 7th in India among IT companies.

The company was founded in 1998 by Jerry Rao and Jeroen Tas and has great financial credentials.

Key Financials Value
ROE 21.25% (5 Year Average)
Operating Profit Margin 17.7%
Market Cap ₹43,126.43 Crs
Revenue growth CAGR of 14.51%
Official Website https://www.mphasis.com/home.html

7. MindTree Ltd

MindTree is a subsidiary of L&T, holding around 61% stake in the company.

The company provides services from e-commerce to enterprise application integration. 10 IT professionals founded it.

Founded in 1999, it now has over 307 clients in over 18 countries.

Key Financials Value
ROE 33.76% (5 Year Average)
Operating Profit Margin 20.86%
Market Cap ₹47,573.66 Crs
Revenue growth CAGR of 14.98%
Official Website https://www.ltimindtree.com/

6. Tech Mahindra Ltd

Tech Mahindra Ltd is a multi-national information technology service and consulting company.

The company has its headquarters in Pune. It was founded in 1986 by Anand Mahindra in partnership with British Telecom.

It is USD 6.0 billion Company with over 158,000 employees across 90 countries.

Interested in the Tech Mahindra stock? Have a look at the company credentials.

Key Financials Value
ROE 21.51% (5 Year Average)
Operating Profit Margin 17.96%
Market Cap ₹97,266.66 Crs
Revenue growth CAGR of 12.48%
Official Website https://www.techmahindra.com/

5. Wipro Ltd

In 1945 Mohammed Premji established the company “Western India Products” as a vegetable and refined oils manufacturer. The name was later abbreviated to Wipro.

Today it’s a full-fledged IT corporation it provides IT consulting and business process services.

The range is quite diverse, from cloud computing to robotics.

Here are the company financials:

Key Financials Value
ROE 22.16% (5 Year Average)
Operating Profit Margin 23.97%
Market Cap ₹233,220.78 Crs
Revenue growth CAGR of 12.48%
Official Website https://www.wipro.com/

4. Larsen and Toubro Infotech Ltd

Larsen and Toubro Infotech Ltd is one of India’s largest IT service providers.

It provides numerous services to clients across the globe, from Analytics to Enterprise solutions.

It serves North America, Europe, India and Asia Pacific Regions. L&T has announced a merger with Mindtree, which will increase the company’s capacity to cater to more clientele.

Thinking of buying the L&T Stock? The table below will help you gauge the organization’s current status.

Key Financials Value
ROE 38.6% (5 Year Average)
Operating Profit Margin 19.5%
Market Cap ₹72,374.14 Crs
Revenue growth CAGR of 19.2%
Official Website https://www.larsentoubro.com/

3. HCL Tech Ltd

HCL Tech is a subsidiary of HCL Enterprise, started by Shiv Nadar.

The company released its IPO on 10 November 1999 with an issue of 142 crores valued at Rs 4 each.

The company commenced operations in Srilanka and will create 2000 jobs in 18 months.

Please take these stats into consideration before investing in the HCL IT Stock.

Key Financials Value
ROE 22.16% (5 Year Average)
Operating Profit Margin 23.97%
Market Cap ₹267,850.03 Crs
Revenue growth CAGR of 12.48%
Official Website https://www.hcltech.com/

2. Infosys Ltd

Infosys Ltd is the second largest IT Service provider in India.

It provides a wide spectrum of IT services in various countries in Europe, Asia and the rest of the world.

The company actively develops new technology to serve its clients better.

Here are some key financials which will help you decide if you should have Infosys IT Stock in your portfolio or not:

Key Financials Value
ROE 25.8% (5 Year Average)
Operating Profit Margin 25.9%
Market Cap ₹609,846.25 Crs
Revenue growth CAGR of 12.2%
Official Website https://www.infosys.com/

1. Tata Consultancy Services Ltd

Tata Consultancy Services Ltd is considered the world’s largest service provider.

It has a wide spectrum of services, from IT Consultancy to IT products and solutions.

BFSI forms its major revenue segment at 39% of the total revenue pie.

Know more about the Return on Investments and company performance here:

Key Financials Value
ROE 37.2% (5 Year Average)
Operating Profit Margin 27.67%
Market Cap  ₹1,174,985.29 Crs
Revenue growth CAGR of 10.2%
Official Website https://www.tcs.com/

FAQS

Q: Which IT company’s stock is best for growth?

Answer: TCS’s stock is must have in your portfolio it would be the best for growth.

Q: Which IT company is best for long term investment?

Answer: The best companies for long term investment are TCS and Infosys.

Q: Which IT company’s stock will grow in future?

Answer: Most IT Company Shares are expected to grow in the future due to the industry’s boom. But Info Edge’s stock as well as lesser known stocks like Oracle Finance is expected to grow considerably in the future.

Q: Is it good to buy IT stocks now?

Answer: Yes, since the industry is constantly booming, now is a great time to buy IT stocks in the Indian Market.

Q: Which is the best IT stock in India?

Answer: Tata Consultancy Services stock is the best in India which can give you a stable growth rate.

Q: What are the best IT Shares to have in your portfolio?

Answer: Some of the best IT stocks to have in your portfolio are TCS, Wipro, L&T, etc.

Q: Which IT stock has a high chance of growth in future?

Answer: Oracle Financial Service, Mphasis and Info Edge have high potential for growth.

Q: Which are the best Future Technology Stocks in India?

Answer: Wipro, TCS, Infosys, TechMahindra and all others mentioned above are best future IT stocks in India

Q: Which is a good stock amongst the IT Sector Share List NSE?

Answer: TCS and Infosys are one of the costliest yet the best amongst IT Sector Share List NSE.

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DISCLAIMER: Online Trading Institute is providing courses content and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments.