Best Nifty IT Stocks on Nifty Index with Price Gain in February & YTD 2024
There are twenty five index stocks listed on NSE under Nifty50, Nifty100 and Nifty500. Five of the largest domestic IT Services companies with biggest market capitalisation are part of Nifty50 index. Two IT services companies are part of Nifty100 index and remaining eighteen companies are part of Nifty500 index. Best Nifty IT Stocks are measured over continous price performance.
Infosys, TCS, WIPRO, TechMahindra and HCLTech are constituents of Nifty50. Second rung companies such as L&T Infotech is part of Nifty100 Index. Smaller IT companies such as HappiestMinds, Sonata Software and ZensarTech are part of Nifty500 index.
February Performance:
Mid-caps led the IT stocks rally in the market. The top ten list comprised mostly of the Nifty500/Nifty200 stocks with exception of three Nifty50 stocks. In February, only five stocks delivered double digit price gains. 10 share in the list delivered negative price returns in Feb. MAPMYINDIA was at the bottom of the list with -8% decline in the share price.
Intellect Design Arena Ltd (NSE:INTELLECT) topped the chart with 25% price gain followed by Oracle Financial Services (NSE:OFFS) at 16%.
Below is the stocks list of Nifty indexed IT companies with their price returns at different point of time and last closing price on 29 February, 2024 for price gain calculation.
Table: Stock List IT Stocks on NSE with YTD & Month Price Gain
Stock Symbol | Index | YTD | Jan-Mar Qtr | February | Closing Price 29 Feb |
---|---|---|---|---|---|
INTELLECT | Nifty500 | 33% | - | 25% | 1,106 |
OFSS | Nifty200 | 77% | - | 16% | 7,673 |
KPITTECH | Nifty500 | 5% | - | 12% | 1,571 |
WIPRO | Nifty50 | 9% | - | 10% | 519 |
SONATSOFTW | Nifty500 | 12% | - | 10% | 811 |
TCS | Nifty50 | 7% | - | 8% | 4,095 |
LATENTVIEW | Nifty500 | 12% | - | 8% | 510 |
HCLTECH | Nifty50 | 12% | - | 6% | 1,664 |
MASTEK | Nifty500 | 5% | - | 5% | 2,932 |
COFORGE | Nifty200 | 6% | - | 5% | 6,554 |
TATAELXSI | Nifty200 | -11% | - | 2% | 7,811 |
MPHASIS | Nifty200 | -4% | - | 1% | 2,617 |
INFY | Nifty50 | 8% | - | 1% | 1,674 |
CYIENT | Nifty500 | -12% | - | 1% | 2,025 |
PERSISTENT | Nifty200 | 18% | - | 0% | 8,630 |
HAPPSTMNDS | Nifty500 | -6% | - | -1% | 847 |
TANLA | Nifty500 | -11% | - | -2% | 980 |
LTTS | Nifty200 | 2% | - | -2% | 5,303 |
LTIM | Nifty50 | -15% | - | -3% | 5,301 |
TECHM | Nifty50 | -2% | - | -3% | 1,274 |
ZENSARTECH | Nifty500 | -9% | - | -4% | 550 |
BCG | Nifty500 | -9% | - | -7% | 17 |
BSOFT | Nifty500 | 11% | - | -7% | 776 |
AFFLE | Nifty500 | -15% | - | -7% | 1,118 |
MAPMYINDIA | Nifty500 | -6% | - | -8% | 1,807 |
Data Source: NSE