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Nifty IT Index

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Information Technology (IT) industry has played a major role in the Indian economy. In order to have a good benchmark of the Indian IT sector, NSE Indices has developed the Nifty IT sector index. Nifty IT provides investors and market intermediaries with an appropriate benchmark that captures the performance of the IT segment of the market.Companies in this index are those that have more than 50% of their turnover from IT related activities like IT Infrastructure , IT Education and Software Training , Telecommunication Services and Networking Infrastructure, Software Development, Hardware Manufacturer’s, Vending, Support and Maintenance.

See MoneyWorks4me's rating on Quality, Valuation, Price Trend and Overall Rating to take informed stock investing decisions. Decizen:- Q: Quality, V: Valuation,PT: Price Trend

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Nifty IT Index as on Apr-2024 |
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Company Name (M.Cap)
DeciZen


CMP


Price
Change


Market
Cap (Cr)


52Week
High


52Week
Low


ROE


P/E


P/BV


EV/
EBITDA


5Y Sales
Gr.(%)


5Y Profit
Gr.(%)
More Info
1
Persistent Systems Ltd
(M)
Q V+ PT
3,918 2.00% 59,888 4,490
19 Feb, 24		 2,113
21 Apr, 23		 25.37 58.16 12.73 34.09 22.45 29.06
2
Wipro Ltd
(L)
Q V PT
452.9 1.92% 2,36,626 546.1
19 Feb, 24		 359.4
20 Apr, 23		 15.43 20.97 3.28 12.36 10.68 8.96
3
Tech Mahindra Ltd
(L)
Q V PT
1,194 1.18% 1,16,606 1,416
23 Jan, 24		 983.0
28 Apr, 23		 16.71 41.43 4.32 18.83 11.61 9.01
4
Infosys Ltd
(L)
Q V PT
1,412 -0.63% 5,85,936 1,731
06 Feb, 24		 1,215
25 Apr, 23		 31.92 22.34 6.72 13.88 13.20 12.49
5
L&T Technology Services Ltd
(M)
Q V PT
5,234 -0.79% 55,354 5,885
08 Apr, 24		 3,313
21 Apr, 23		 24.01 43.51 10.80 26.33 16.42 20.04
6
Tata Consultancy Services Ltd
(L)
Q V PT
3,827 -0.93% 13,84,805 4,254
18 Mar, 24		 3,079
20 Apr, 23		 51.07 30.16 15.34 19.96 10.46 9.50
7
LTIMindtree Ltd
(L)
Q V PT
4,658 -0.99% 1,38,000 6,443
15 Jan, 24		 4,130
21 Apr, 23		 28.09 30.03 7.17 19.37 35.34 23.66
8
HCL Technologies Ltd
(L)
Q V PT
1,450 -1.20% 3,92,912 1,697
23 Feb, 24		 1,032
20 Apr, 23		 23.06 25.03 5.61 14.85 14.94 12.92
9
Coforge Ltd
(M)
Q V PT
5,122 -1.64% 31,638 6,840
19 Feb, 24		 3,771
21 Apr, 23		 24.53 45.26 8.86 23.36 21.79 20.70
10
Mphasis Ltd
(M)
Q V PT
2,280 -2.42% 43,080 2,835
19 Feb, 24		 1,726
21 Apr, 23		 21.58 27.49 5.20 16.56 16.08 14.42
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Nifty IT - Today's Top Gainers

Company Name CMP Price Change(%)
Persistent Systems
3,9182%
Wipro
452.851.92%
Tech Mahindra
1,193.751.18%

Nifty IT - Today's Top Losers

Company Name CMP Price Change(%)
Mphasis
2,280-2.42%
Coforge
5,122-1.64%
HCL Tech.
1,450-1.20%
LTIMindtree
4,658.30-0.99%
TCS
3,827.45-0.93%
View More

News about Nifty It

Infosys - Quaterly Results

With no major difference for the quarter endedMarch 2024 , the total revenue stood at Rs. 320010.00  millions.An average growth of 43.63% was recorded for the quarter ended March 2024 to Rs. 84800.00  millions from Rs. 59040.00 millions.The company reported a good operating profit of 111980.00 millions compared to 87140.00 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 320010.00 305310.00 4.81 1289330.00 1240140.00 3.97 1289330.00 1240140.00 3.97
Other Income 34830.00 7660.00 354.70 74170.00 38590.00 92.20 74170.00 38590.00 92.20
PBIDT 111980.00 87140.00 28.51 391740.00 345530.00 13.37 391740.00 345530.00 13.37
Interest 620.00 430.00 44.19 2770.00 1570.00 76.43 2770.00 1570.00 76.43
PBDT 111360.00 86710.00 28.43 388970.00 343960.00 13.09 388970.00 343960.00 13.09
Depreciation 7220.00 7140.00 1.12 29440.00 27530.00 6.94 29440.00 27530.00 6.94
PBT 104140.00 79570.00 30.88 359530.00 316430.00 13.62 359530.00 316430.00 13.62
TAX 19340.00 20530.00 -5.80 87190.00 83750.00 4.11 87190.00 83750.00 4.11
Deferred Tax 11040.00 1470.00 651.02 14130.00 2080.00 579.33 14130.00 2080.00 579.33
PAT 84800.00 59040.00 43.63 272340.00 232680.00 17.04 272340.00 232680.00 17.04
Equity 20750.00 20740.00 0.05 20750.00 20740.00 0.05 20750.00 20740.00 0.05
PBIDTM(%) 34.99 28.54 22.60 30.38 27.86 9.05 30.38 27.86 9.05
18 Apr, 2024

Coforge informs about meeting of board of directors

Coforge has informed that the meeting of the Board of Directors of the Company is scheduled on 02/05/2024 ,inter alia, to consider and approve Update on board meeting (consider and approve making certain amendments to the terms of the listed, rated, redeemable, non-convertible bonds).

The above information is a part of company’s filings submitted to BSE.


13 Apr, 2024

TCS reports 9% rise in Q4 consolidated net profit

Total consolidated income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24
12 Apr, 2024

TCS - Quaterly Results

The company's total revenue for the quarter ended March 2024 saw a slight change in the total revenue, having registered a total revenue of Rs. 514880.00 millions.Modest increase of 16.26% in the Net Profit was reported from. 98000.00 millions to Rs. 113930.00  millions.OP of the company witnessed a marginal growth to 163520.00 millions from 143030.00 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 514880.00 497800.00 3.43 2023590.00 1903540.00 6.31 2023590.00 1903540.00 6.31
Other Income 18060.00 14330.00 26.03 72730.00 53280.00 36.51 72730.00 53280.00 36.51
PBIDT 163520.00 143030.00 14.33 631200.00 563250.00 12.06 631200.00 563250.00 12.06
Interest 1970.00 2500.00 -21.20 6730.00 6950.00 -3.17 6730.00 6950.00 -3.17
PBDT 161550.00 140530.00 14.96 614890.00 556300.00 10.53 614890.00 556300.00 10.53
Depreciation 9750.00 10080.00 -3.27 38870.00 39400.00 -1.35 38870.00 39400.00 -1.35
PBT 151800.00 130450.00 16.37 576020.00 516900.00 11.44 576020.00 516900.00 11.44
TAX 37870.00 32450.00 16.70 140430.00 125840.00 11.59 140430.00 125840.00 11.59
Deferred Tax -1380.00 -2140.00 -35.51 -1350.00 -3620.00 -62.71 -1350.00 -3620.00 -62.71
PAT 113930.00 98000.00 16.26 435590.00 391060.00 11.39 435590.00 391060.00 11.39
Equity 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09
PBIDTM(%) 31.76 28.73 10.53 31.19 29.59 5.42 31.19 29.59 5.42
12 Apr, 2024

TCS - Quaterly Results

The company's total revenue for the quarter ended March 2024 saw a slight change in the total revenue, having registered a total revenue of Rs. 514880.00 millions.Modest increase of 16.26% in the Net Profit was reported from. 98000.00 millions to Rs. 113930.00  millions.OP of the company witnessed a marginal growth to 163520.00 millions from 143030.00 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 514880.00 497800.00 3.43 2023590.00 1903540.00 6.31 2023590.00 1903540.00 6.31
Other Income 18060.00 14330.00 26.03 72730.00 53280.00 36.51 72730.00 53280.00 36.51
PBIDT 163520.00 143030.00 14.33 631200.00 563250.00 12.06 631200.00 563250.00 12.06
Interest 1970.00 2500.00 -21.20 6730.00 6950.00 -3.17 6730.00 6950.00 -3.17
PBDT 161550.00 140530.00 14.96 614890.00 556300.00 10.53 614890.00 556300.00 10.53
Depreciation 9750.00 10080.00 -3.27 38870.00 39400.00 -1.35 38870.00 39400.00 -1.35
PBT 151800.00 130450.00 16.37 576020.00 516900.00 11.44 576020.00 516900.00 11.44
TAX 37870.00 32450.00 16.70 140430.00 125840.00 11.59 140430.00 125840.00 11.59
Deferred Tax -1380.00 -2140.00 -35.51 -1350.00 -3620.00 -62.71 -1350.00 -3620.00 -62.71
PAT 113930.00 98000.00 16.26 435590.00 391060.00 11.39 435590.00 391060.00 11.39
Equity 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09
PBIDTM(%) 31.76 28.73 10.53 31.19 29.59 5.42 31.19 29.59 5.42
12 Apr, 2024

TCS - Quaterly Results

With no major difference for the quarter endedMarch 2024 , the total revenue stood at Rs. 514880.00  millions.Profit saw a slight increase of 16.26%to Rs. 113930.00  millions from Rs. 98000.00 millions.Operating profit for the quarter ended March 2024 rose to 163520.00 millions as compared to 143030.00 millions of corresponding quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 514880.00 497800.00 3.43 2023590.00 1903540.00 6.31 2023590.00 1903540.00 6.31
Other Income 18060.00 14330.00 26.03 72730.00 53280.00 36.51 72730.00 53280.00 36.51
PBIDT 163520.00 143030.00 14.33 631200.00 563250.00 12.06 631200.00 563250.00 12.06
Interest 1970.00 2500.00 -21.20 6730.00 6950.00 -3.17 6730.00 6950.00 -3.17
PBDT 161550.00 140530.00 14.96 614890.00 556300.00 10.53 614890.00 556300.00 10.53
Depreciation 9750.00 10080.00 -3.27 38870.00 39400.00 -1.35 38870.00 39400.00 -1.35
PBT 151800.00 130450.00 16.37 576020.00 516900.00 11.44 576020.00 516900.00 11.44
TAX 37870.00 32450.00 16.70 140430.00 125840.00 11.59 140430.00 125840.00 11.59
Deferred Tax -1380.00 -2140.00 -35.51 -1350.00 -3620.00 -62.71 -1350.00 -3620.00 -62.71
PAT 113930.00 98000.00 16.26 435590.00 391060.00 11.39 435590.00 391060.00 11.39
Equity 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09 3620.00 3660.00 -1.09
PBIDTM(%) 31.76 28.73 10.53 31.19 29.59 5.42 31.19 29.59 5.42
12 Apr, 2024
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Nifty It FAQs

You can use different criterias to arrive at the list of best stocks in the Nifty It company index. You can use return ratios like ROCE or ROE, that will help you choose companies with profitable growth.

Based on ROE, the best stocks in the Nifty It companies index are:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA ROE
Tata Consultancy Services Ltd. (L) Very Good 3,827 13,84,805 30.16 15.34 19.96 51.07
Infosys Ltd. (L) Very Good 1,412 5,85,936 22.34 6.72 13.88 31.92
LTIMindtree Ltd. (L) Very Good 4,658 1,38,000 30.03 7.17 19.37 28.09
Persistent Systems Ltd. (M) Very Good 3,918 59,888 58.16 12.73 34.09 25.37
Coforge Ltd. (M) Very Good 5,122 31,638 45.26 8.86 23.36 24.53

Based on the past year's gain, the best performing stocks are:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) Yearly gain (%)
Persistent Systems Ltd. (M) Very Good 3,918 59,888 80.03
L&T Technology Services Ltd. (M) Very Good 5,234 55,354 52.29
HCL Technologies Ltd. (L) Very Good 1,450 3,92,912 39.49
Coforge Ltd. (M) Very Good 5,122 31,638 31.04
Mphasis Ltd. (M) Very Good 2,280 43,080 27.81
View More

Stocks with the highest revenue growth in the past 5 years is:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA 5Y Sales Growth (%)
LTIMindtree Ltd. (L) Very Good 4,658 1,38,000 30.03 7.17 19.37 35.34
Persistent Systems Ltd. (M) Very Good 3,918 59,888 58.16 12.73 34.09 22.45
Coforge Ltd. (M) Very Good 5,122 31,638 45.26 8.86 23.36 21.79
L&T Technology Services Ltd. (M) Very Good 5,234 55,354 43.51 10.80 26.33 16.42
Mphasis Ltd. (M) Very Good 2,280 43,080 27.49 5.20 16.56 16.08

Stocks with high profit growth often witness their stock prices gaining, irrespective of the market movements.

Stocks with the highest profit growth in the past 5 years is:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA 5Y Profit Growth (%)
Persistent Systems Ltd. (M) Very Good 3,918 59,888 58.16 12.73 34.09 29.06
LTIMindtree Ltd. (L) Very Good 4,658 1,38,000 30.03 7.17 19.37 23.66
Coforge Ltd. (M) Very Good 5,122 31,638 45.26 8.86 23.36 20.70
L&T Technology Services Ltd. (M) Very Good 5,234 55,354 43.51 10.80 26.33 20.04
Mphasis Ltd. (M) Very Good 2,280 43,080 27.49 5.20 16.56 14.42

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