Want to invest in IT stocks? These shares have grown more than 2X in 3 years
BSE IT index has grown by 27.72% in the last 3 years. The index's performance in the one year is 23.06%. Along with that, many of the IT companies in the last 3 years have done fairly well. Some of them have grown by up to 246.35%. Six of the stocks among them have been multibaggers with at least 105.18% returns in the 3 years (As per Value Research data). Here is a list of them.
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Cressanda Railway Solutions Ltd
The small-cap is the top performer in the category with a 246.35% return. Its return in the 5 years has been 135.68%. The company's market value is Rs 600.44 crore, while its stock price at close on Tuesday was Rs 14.56.
Magellanic Cloud
The mid-cap stock has given a 244.64% return in the 3 years. It has a market value of Rs 7,433.51 crore, while its stock closed trading on Tuesday at Rs 630.25.
Aurionpro
Another mid-cap stock has given 145.40% returns. The IT firm's market value is Rs 6,777.46 crore, while the stock closed trading on Tuesday at Rs 2,472.95.
Vakrangee
The IT company's stock return in the 3-year period is 135.85%. The small-cap company's market value is Rs 2,664.68 crore, while its stock price at market close on Tuesday was Rs 24.56.
Axiscades Tech
The tech company has given 118.23% returns in the 3 years. The market value of the small-cap firm is Rs 2,613.37 crore. Its stock closed trading on Tuesday at Rs 617.90.
Ksolves India
The software company has given 105.18% returns in the 3 years. The small-cap firm's market value is Rs 1,303.51 crore, while its share price at market close on Tuesday was Rs 1,110.95.