The IT sector is booming in India and is one of the pioneer sectors contributing to the growth of the Indian economy. The sector provides huge employment to the youth of India. Also, India is the leading IT service provider in the world.
This makes investing in the IT sector a lucrative opportunity for investors. In this article, we will get to know about the top 5 IT stocks by market capitalization.
Top 5 IT Stocks by Market Cap
Here is the list of 5 top IT stocks of India based on market cap.
Tata Consultancy Services (TCS)
- TCS is the number one IT company by market capitalization in India. It is a subsidiary of Tata Group and has its operations in 46 countries.
- The company provides a variety of services like consultancy, IT services, digital transformation, IT products and platforms etc. The company is also entering new technologies like Artificial Intelligence, machine learning Blockchain etc.
- TCS Share Price as of July 2023: ₹3250+
- Market Cap: ₹11862.93 billion
Infosys
- Infosys was founded in Pune by seven engineers in 1981 and is currently headquartered in Bengaluru. Infosys became the 4th Indian company to cross $100 billion in market capitalization in August 2021. It is into business consultation, IT and outsourcing services.
- The company provides software development and related services to clients in the area of Banking, Insurance, Finance, Manufacturing and various other domains.
- Infosys Share Price as of July 2023: ₹1340+
- Market Cap: ₹5417.04 billion
HCL Technologies
- HCL Technologies is a leading company in India as well as renowned globally. It was founded in the year 1976 as a tech startup. The company is involved in providing infrastructure services, software services, business outsourcing services etc.
- HCL Tech got listed in the stock markets in December 1999. The company has now also entered into next-gen technologies and offers business in AI, Automation, Cybersecurity, Cloud, IoT, and Digital.
- HCL Technologies Share Price as of July 2023: ₹1115+
- Market Cap: ₹3074.31 billion
Wipro
- Wipro was initially started as a manufacturer of vegetable and refined oils. The company was founded by Azim Premji in the year 1945. After the death of Mohammed Premji, his son Azim Premji shifted its focus to IT.
- The company helps its clients in adapting to digital trends such as robotics, cloud and other advanced technologies.
- Wipro Share Price as of July 2023: ₹390+
- Market Cap: ₹2171.66 billion
LTI Mindtree
- Mindtree LTI is an information technology and outsourcing company from India. It is one of the subsidiaries of Larsen & Turbo. The company is spread in 30+ countries and has over 84000 employees. LTIMindtree deals in data analytics, mobile applications, e-commerce etc.
- LTI Mindtree Share Price as of July 2023: ₹4960+
- Market Cap: ₹1452.89 billion
Conclusion
This article highlights the top 5 IT stocks in India by market capitalization. If you are planning to invest in IT stocks then you can refer to these stocks. To kickstart your journey and get access to various technical tools, you can also open an account on a trading platform online like Dhan to invest in stocks. So, what are you waiting for?