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Technical and fundamental research report on IT companies in India.

July 27, 2022

Technical and fundamental research report on IT companies in India.

IT 1 - Shyam Advisory


The 21st century is tech-driven, and we are proud that India has become a center of global attraction over the past few years. Thanks to the incredible growth and upgraded Infrastructure of the IT sector. Information Technology of India serves broad-ranging industries through its multiple arms.

Such as IT Services, IT Products, and IT-enabled solutions, each fueling the modern Infrastructure of the nation.
There’s no denying that this dramatic boost in this future-focused sector has largely been driven by IT companies in India. Owing to so many good things about the sector, investors as well are searching for the best stocks to buy.
Know about the IT sector in India
The IT Sector or Information Technology Sector in India is booming. As per reports by IBEF, the IT industry accounts for 8% of India’s GDP.
Most notably, IT Software is the key growth-driving factor making the IT Industry so successful now. The Industry currently follows a growth pattern of 5% – 6%, and expectations are for more.
And the best part is some of the top tech companies in India currently earn a position among the world-leading tech giants.
The IT Industry is one of those lucky ones to double their turnover in the Global Pandemic. After all, the industry has a significant contribution to the remote culture adopted by the world during the lockdown.

1. Tata Consultancy Service (TCS)
Tata Consultancy service is the Largest IT company in India in terms of Revenue. TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.
TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. TCS is the largest company in India in terms of Market Capitalization. It is the largest in the list of top 10 IT companies in India 2020.
• Revenue: Rs 1,67,311 Cr
• Market Cap: Rs 845,337 Cr.
• Employees: 420,000
• ROE: 35.98 %
• Sales Growth (3Yrs): 10.47 %
• Promoter holding: 72.05 %

A part of the Tata group, India’s largest multinational business group, TCS has over 420,000 of the world’s best-trained consultants in 50 countries. TCS is largest software companies in India.
The company generated consolidated revenues of US $20 billion for the year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. The company has a market capitalization of Rs 8,10,000 crores.

Product or Services

Here’s a quick recap of products and services offered by Tata Consultancy Services Limited, aka TCS Ltd.
 Analytics and Insights
 Blockchain
 Cyber Security
 Cognitive Business Operations
 Enterprise Applications
 Quality Engineering
 Cloud
 Automation & AI
 Consulting
 IoT & Digital Engineering
 TCS Interactive
 Sustainability Service
 And other tech-related products

Why Invest in TCS Ltd?
Let’s reveal the key reasons that compel us to buy this one of the top IT shares. TCS Ltd has its roots firmly grounded in the IT sector.
The company has been generating revenue and profits in billions. Since IT services are the most demanded and successful in this modern age, the company leaves no stone unturned in multiplying its profits each year.
But it’s worth noting Tata Consultancy Services Ltd. is a large-cap stock.
Over the last five years, the company’s prices have also grown by 176.90%, which is an incredible thing, and the pattern is still visible in green.
 Technical View

IT 2 - Shyam Advisory

 Buy TCS between 3100-3150, Target 3350,3460, Stop loss 2950

 Shareholding

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2. Infosys
Established in 1981, Infosys is an NYSE listed global consulting and IT services company with more than 228,000 employees. It is the second largest in the list of top 10 IT companies in India 2020. One of the leading software companies in India.
From a capital of US$ 250 to become a US$ 11.8 billion (FY19 revenues) company with a market capitalization of approximately US$ 47.7 billion. It is one of the best IT company in India.
• Revenue: Rs 1,02,673 Cr
• Market Cap: Rs 282,028 Cr.
• Employees: 228,000
• ROE: 23.50 %
• Sales Growth (3Yrs): 9.81 %
• Promoter holding: 13.15 %

Over 37 years, The company has catalyzed some of the major changes that have led to India’s emergence as the global destination for software services talent. The first IT Company from India to be listed on NASDAQ.



Product or Services

These are those popular products and services to own the stamp of Infosys Ltd. brand –
 Digital Marketing, Commerce, Interactions, Workplace Services
 Digital Experience
 Applied AI
 Cyber Security
 Data Analytics
 Engineering Services
 Internet of Things (IoT)
 Application Modernization
 Enterprise Agile DevOps
 API Economy & Microservices
 Digital Process Automation
 Cloud – Infosys Cobalt
 Digital Supply Chain and much more

Why Invest in Infosys Ltd?
When searching for trusted and popular IT stocks in India, make sure you do not forget to give Infosys Ltd. a special place in your wish list.
Over the last five years, the company has yielded 237.01% returns for its investors. However, the sharp surge visible between 2020 and 2022 is primarily driven by increased demand for the stock.
In 2020, the share formed a lower low that lasted for a short time. Since the company was already in profits, it didn’t drop but ended up yielding more profits for its investors.
 Technical View

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 Buy Infosys at 1450, Target 1600, Stop loss 1365

 Shareholding
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3. HCL Technologies
HCL Technologies is one of the best IT companies in India. The Company is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through Digital technology transformation.
The Company focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth
• Revenue: Rs 76,306 Cr
• Market Cap: Rs 153,370 Cr.
• ROE: 25.76 %
• Sales Growth (3Yrs): 24.74 %
• Promoter holding: 60.00 %

The Company leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi-service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government.
Mode 1: encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering, and R&D services, leveraging DRYiCETM Autonomics to transform clients’ business and IT landscape, making them ‘lean’ and ‘agile’.
Mode 2: focuses on experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services, and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization.
Mode 3: strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business.
Product or Services

Here’s a list of products and services offered by HCL Tech Ltd. –
 HCL Software
 Industry Software Division
 DRYiCE™ Software
 Action Avalanche Hybrid Cloud Data Platform
 Banking Transformation Platform
 Nippon – Workforce Analytics Solution
 Digital Workplace Services
 Hybrid Cloud Services
 NextGen Network Services
 CyberSecurity & GRC Services and much more

Why Invest in HCL Tech Ltd?

Let’s discover a bit more about the information technology share price. HCL Tech Ltd. has generated a 169.38% return on investment over the past five years.
HCL Share price moves in green after forming a sharp drop in the mid of 2020. However, the drop was mainly driven by the company’s targeted share markets.
The company targets multiple sectors that might have shaken up the price pattern of HCL Tech in the mid of 2020.
But it is maybe the result of people’s belief in HCL Tech company that brings a dramatic jump in the share’s price, that is also by 234% within a span of 1 year.

 Technical View

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 Buy HCL Tech. at 910, Target 1050,1100, Stop loss 800

 Shareholding

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4. Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology [Indian IT companies] consulting and business process services company. It is on the list of top 5 IT companies in India.
The Company harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful. It is the fourth largest Indian top it companies.
• Revenue: Rs 64,338 Cr
• Market Cap: Rs 153,043 Cr.
• Employees: 160,000
• ROE: 17.26 %
• Sales Growth (3Yrs): 4.82 %
• Promoter holding: 74.04 %

It is one of the Indian IT companies recognized globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship, The Company has over 160,000 dedicated employees serving clients across six continents. Together, one of the best Indian IT companies to discover ideas and connect the dots to build a better and a bold new future.



Product or Services

Summing up the products and services served by Wipro Ltd., so these are as follows –
 Data, Analytics & AI
 Applications
 Digital operation and platforms
 IT Consulting
 Infrastructure Services

Why Invest in Wipro Ltd?

IT share price has always been one of the most relieving subjects because the sector never disappoints.
If you BUY, at the right time, with the right amount of good equity research, the sector can surely multiply your income within a short span.
Just Like Wipro Ltd did. From the mid of 2020 and by the end of 2021 company’s price has risen by 203.45%.
The remarkable jump was totally mind-blowing, but it highlights the rising demand of Wipro Ltd. However it even enjoyed a rise in its revenue and net income over the past five years.


 Technical View

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 Buy Wipro at 400, Target 480, Stop loss 330

 Shareholding

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5. Tech Mahindra Ltd
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™.
The company is a 9 billion company with 125,700+ professionals across 90 countries, helping 941 global customers including Fortune 500 companies. It is one of the best IT company in India. Tech Mahindra is a part of mahindra Group.
• Revenue: Rs 38,643 Cr
• Market Cap: 70,141 Cr.
• Employees: 125,700
• ROE: 21.58 %
• Sales Growth (3Yrs): 9.45 %
• Promoter holding: 35.88 %

The Company convergent, digital, design experiences, innovation platforms, and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).



Product or Services
Here’s a quick glimpse of the products and services on the base of Tech Mahindra Ltd builds a massive empire of its brand across multiple industries –
 Infrastructure and Cloud Services
 Experience Design Services
 Business Process Services
 Business Excellence Services
 Network Services
 Testing Services
 Telecom Product Engineering
 Performance Engineering
 Integrated Engineering Solutions
 Analytics
 Artificial Intelligence
 Cyber Security and much more

Why Invest in Tech Mahindra Ltd?

When you are on the top technology stocks in India hunt, look no further than investing in Tech Mahindra.
Another key reason is if you have already trusted Mahindra Group, then you should never hesitate to jump straight to its child organization – the Tech Mahindra.
Financially company has been doing an incredible job. Its revenue and net income are growing day by day, especially after the global pandemic when the company sees a sharp surge in its share prices. From the mid of 2020 and by the start of 2022, the company’s price has grown by 251%.
 Technical View

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 Buy Tech Mahindra at 1000, Target 1180, Stop loss 890

 Shareholding

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Comparative Analysis on IT Sector

Here, we will give you a heads-up of what are those top 5 IT companies we want to draw your focus for. Each Informational Technology giant has its own unique identity.
Not all companies serve a similar service exactly, as their offerings are diversified. Few are maybe direct competitors of each other, but the unique engineered solutions of each cut the competition.
This adds a big benefit for investors looking for the best IT shares in India. Such as, you can take decisions based on the company’s innovation and other tech-driven abilities.
How to find IT Stocks for Trading?
Informational Technology is the future, and every company that engages in this sector enjoys a profitable position. Thus, investors who believe in IT shares are also not far from fetching the returns they adore. Few companies in the IT sector generate returns three to 6 folds within a year.

But finding an IT stock has never been that easier. Lots of things go into the entire process of searching and making a bid for an IT stock.
These include determining the company’s growth profile, financial profile, relationship with investors, and parent company’s overall profile.

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Similarly, some technical analysis is also checked to ensure whether a hike in a share’s price is a bubble or it is an absolute rise in the share’s price.
All such things must be checked on priority to ensure you reach a wise trading decision for IT stocks. Most companies are still supplying outdated IT services; thus new and innovative services must be included in their portfolios.