If you are into stock trading online, then you would know that the IT Sector has been booming in India. It is an important sector contributing to the growth of the Indian economy.
India is also the largest IT service provider in the world. So definitely investing in IT stocks is going to reward investors. In this article, we will discuss the top 5 IT stocks that you can look to invest in 2023.
1. Infosys
Infosys Share Price: Rs 1,256.20
Infosys was founded in the year 1981 by seven engineers in Pune city of India. Currently, it is headquartered in Bengaluru. The company is into global business consulting, IT services, and outsourcing services.
Infosys stands at the second position among the largest IT companies in India. It was the 4th Indian company to exceed $100 billion in market capitalization in 2021. Presently Infosys operates in more than 54 countries. Continuously for 3 years, it has been awarded as one of the most ethical companies by Ethisphere.
2. TCS
TCS Share Price: Rs 3,121.00
TCS stands for Tata Consultancy Services. It was established in 1968. It is the leading IT Company in India as well as the world. The company is providing IT services, consulting, and business solutions.
TCS is also entering into new technologies like Artificial Intelligence, blockchain, cloud computing, and machine learning. TCS operates in 55 countries with more than 6 lakh employees working for them.
3. Wipro
Wipro Share Price: Rs 360.20
Wipro was founded in 1945 in Amalner, Maharashtra. The company was founded by Mohamed Premji. It is presently operating in 66 countries with more than 2,50,000 employees. Wipro is mainly focused on developing innovative solutions which can help clients to achieve digital transformation.
The company provides IT solutions and services, software application and development, systems integration, and IT-enabled services. Before entering into the technology business, the company was into manufacturing vegetable and refined oils and was working under the name of “Western India Products”, which was changed to “Wipro”.
4. Tata Elxsi
Tata Elxsi Share Price: Rs 6,353.20
Commenced on 5th May 1989 in Bangalore, Tata Elxsi operates in the IT software sector and is one of the industry leaders. It provides design and technology services to various industries like automotive, healthcare, transportation, broadcast, and communications.
The company is spread in 36 locations in 15 countries. It has more than 10000 employees. Apart from India, the company has operations in Europe, Africa, the Middle East, North America, and Asia-Pacific.
5. LTI Mindtree (Formerly Mindtree)
Mindtree Share Price: Rs 4,289.00
Founded in 1999, Mindtree was a technology consulting and IT services company operating in India and worldwide. The company had its headquarters in Bengaluru. Mindtree merged with LTI in November 2022.
The company provides services such as application maintenance services, infrastructure management, mainframe and system, business intelligence, and technical support. Mindtree went public in the year 2006.
Conclusion
Investing in IT stocks can provide a great opportunity for investors looking to benefit from this growth potential. We hope that the information provided in this article will assist you in making informed investment decisions in the IT sector.
