Investors should pay attention to these 3 IT companies in India. There are many more IT companies which you can rely for long term. I’m just adding three of my picks from them.
Firstsource Solutions Ltd
Firstsource Solutions Limited is a provider of a range of business process management services. The Company provides its services to a range of sectors, including healthcare, telecommunications and media, banking and insurance
I started to watch the stock since May 2021. Stock price was in the range of 120 that time. By July the stock price reached 242. There after it was declining till August end. By September the value has again started to upsurge. This is a good pick for long term investing.
- Dividend Yield 1.47 %
- Stock P/E 30.2
- Last one year Return : ~177%
Wipro Limited is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products.
This stock was added to my watch list since April 2021 while the stock value was around 480. Since then I have seen the upsurge of the stock that too with negligible fluctuations. It is a good stock with less volatility. If you don’t want to take too much of risk, this is a comparatively better stock among the three suggested in this article. But always remember the more the risk, the more the returns!
- Dividend Yield 0.14 %
- Stock P/E 31.8
- Last one year Return : ~99%
Persistent Systems Ltd
Persistent Systems Limited is engaged in the business of building software products. The Company offers complete product life cycle services.
It was in 2010, the company became listed. Last five year returns comes around 474.16%. And since 2020 September the stock value is showing a tremendous growth. The returns for the last 12 months is around 190 %.
This stock has a bright future. It can be purchased as an investment or for short term. It can give at least 10 % returns every month as per the current price pattern. (Personally I have a plan to purchase this stock for a few weeks.)
- Dividend Yield 0.47 %
- Stock P/E 63.1
- Last one year Return : ~240%
Stock P/E and Dividend Yield values are taken from Screener
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The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!