Today, IT stocks are surging, thanks to the good financial results posted by India’s two leading IT giants, exceeding expectations. This positive momentum has uplifted all IT stocks, including those that have been subdued for a while, resulting in higher trading values today.
Taking advantage of this situation, it would be beneficial to examine IT stocks where prominent investors have made significant investments. Identifying companies where these savvy investors have deployed a substantial amount of capital and acquired a significant stake during this bullish phase could present valuable opportunities.
These super investors, known for their extensive experience and astute market insights, have a proven track record of making wise investment decisions. The growing ownership by these influential investors tends to attract attention from analysts and media, leading to increased coverage of these companies. Consequently, this heightened visibility may generate additional interest from investors, potentially driving up the stock prices further.
In this article, we are going to explore 10 stocks in the IT sector where super investors hold a substantial stake. We will also provide information on their ownership in the company based on recent quarter data, along with an analysis of their stock performance during the past period.
Companies | Super Investor | CMP Rs | 3 Month Return % | 1 Yr Return % | % Stake June 2023 | % Stake Sep 2023 |
Palred Technologies | Ashish Dhawan | 207.00 | 16.89 | 1.28 | 5.54 | 5.54 |
Systango Technologies | Ashish Kacholia | 279.75 | 23.14 | – | – | 1.09 |
Zaggle Prepaid | Ashish Kacholia | 225.20 | -9.65 | – | – | 1.74 |
Control Print | Dolly Khanna | 1,022.35 | 28.35 | 158.21 | 1.17 | 1.21 |
Infobeans Technologies | Mukul Agrawal | 461.45 | 9.06 | -12.40 | 5.14 | 5.04 |
MPS | Mukul Agrawal | 1,700.00 | -1.87 | 88.47 | 4.46 | 4.46 |
Tracxn Technologies | Mukul Agrawal | 120.25 | 48.50 | 19.00 | 1.98 | 1.96 |
Zen Technologies | Mukul Agrawal | 772.20 | 4.29 | 297.76 | 1.34 | 1.34 |
Nazara Technologies | Rekha Rakesh Jhunjhunwala | 966.60 | 7.26 | 46.00 | 9.96 | 8.99 |
Route Mobile | Sunil Singhania | 1,662.00 | 4.54 | 37.21 | 2.58 | 2.58 |
All the investors mentioned above have vast knowledge, rich experience, and a well-qualified team that can perform a thorough analysis before buying a stake in any company. Buying these stocks solely because these investors have purchased them requires consideration of other parameters as well, such as financial parameters, business outlook, and management, before investing in these companies.
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.
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