These 5 IT stocks surged over 5% and hit 52-week highs today: Keep them on your radar for Monday

Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 21,894.55, marking an increase of 247.35 points or 1.14% compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 72,568.45, reflecting an increase of 847.27 points.

Among all the stocks listed on the NSE, 265 stocks reached their 52-week high levels. We will be exploring those IT stocks that not only achieved their 52-week highs but also experienced a surge and closed above 5%.

Firstsource Solutions Limited

Firstsource Solutions Limited is a leading player in the Business Process Management (BPM) industry. As part of the RP-Sanjiv Goenka Group, it provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media, Technology, and other diverse industries.

Today, the stock began trading at Rs 193 per share, witnessed a strong rally of 9.81% throughout the day, and eventually closed at Rs 208.75 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered a return of 67% during the past six months.

Infibeam Avenues Limited

Incorporated in 2007, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce, and other ancillary services.

Today, the stock began trading at Rs 24.45 per share, witnessed a strong rally of 9.71% throughout the day, and eventually closed at Rs 26.55 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered a return of 73% during the past six months.

Oracle Financial Services Software Limited

Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of Oracle Global (Mauritius) Limited.

Today, the stock began trading at Rs 4384.90 per share, witnessed a strong rally of 8.16% throughout the day, and eventually closed at Rs 4680 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered an impressive return of 22% in the past six months.

Coforge Limited

Coforge is an IT services company providing end-to-end software solutions and services. It is among the top 20 Indian software exporters. Prominent global customers include British Airways, the ING Group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, the UK, Germany, and Thailand, mainly to market and mobilize projects for the software division. The company has business partnerships with large IT companies across the world.

Today, the stock began trading at Rs 6350 per share, witnessed a strong rally of 5.71% throughout the day, and eventually closed at Rs 6594.30 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered an impressive return of 40% in the past six months.

Birlasoft Limited

Birlasoft is engaged in computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing.

Today, the stock began trading at Rs 757.85 per share, witnessed a strong rally of 5.22% throughout the day, and eventually closed at Rs 786 per share. Notably, the company’s stock reached its 52-week high price today. Furthermore, the stock has delivered an impressive return of 122% in the past six months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.