Under Rs 100: These 5 IT Stocks have delivered over 100% Returns in the Past Year

Probably today, across the market, everyone is searching for IT stocks to invest in or to participate in the upside move. The Nifty IT index is trading at 36,421, up over 4.87% from its last day’s closing levels and is just 7.5% below the all-time high levels. Among the index components, Infosys Limited and Coforge Limited emerged as the top gainers, up by 7.7% and 4.90% as of writing this article. All the components of the index are trading in the green, and none of the stocks are in the red today, signifying strong bullishness in the sector.

In this article, we are going to explore IT stocks trading below Rs 100 per share in the Indian markets meanwhile have generated an impressive return of over 100% during the past year.

Blue Cloud Softech Solutions

The Blue Cloud Softech Solutions Ltd is in the business of computer software and data processing services. The company was incorporated in 1991.

The company’s stocks are trading at Rs 64 per share on the BSE, 1.6% higher than the previous day’s closing price of Rs 63 per share. The current market capitalisation for the company stands at Rs 1396 crore. Additionally, the stocks have delivered an impressive multibagger return of 390% during the past one year.

One Point One Solutions 

One Point One Solutions is engaged in the business of Customer Lifecycle Management, Business Process Management, and Technology Servicing.

The company’s stocks are trading at Rs 63.80 per share on the NSE, 1.6% higher than the previous day’s closing price of Rs 62.80 per share. The current market capitalisation for the company stands at Rs 1246 crore. Additionally, the stocks have delivered an impressive multibagger return of 300% during the past one year.

Alphalogic Techsys

Alphalogic Techsys Ltd provides technology-related services. The company is in the business of providing Information Technology and consulting services. It is a boutique consulting firm that helps clients in their digital transformation journey through Product Engineering, Cloud Computing, Mobility.

The company’s stocks are trading at Rs 80.74 per share on the NSE, 2% higher than the previous day’s closing price of Rs 79.16 per share. The current market capitalisation for the company stands at Rs 378 crore. Additionally, the stocks have delivered an impressive multibagger return of 178% during the past one year.

Megasoft Limited 

Megasoft Limited is engaged in the business of providing technology platforms and solutions to the global telecoms industry, especially mobile telecom service providers. The company offers products and services such as Mobile Services Platform (MSP), OSS/BSS Platforms, XIUS Internet of Things (IoT) SUITE, and Mobile Payments Manager (PM).

The company’s stocks are trading at Rs 66.64 per share on the BSE, 2% down from the previous day’s closing price of Rs 69 per share. The current market capitalisation for the company stands at Rs 492 crore. Additionally, the stocks have delivered an impressive multibagger return of 121% during the past one year.

Alankit Limited

Alankit Limited is mainly in the business of e-Governance and e-Governance products. The company’s e-Governance business has developed a proven track record through the successful completion of several e-Governance projects.

The company’s stocks are trading at Rs 23.59 per share on the BSE, 4.98% higher than the previous day’s closing price of Rs 22.47 per share. The current market capitalisation for the company stands at Rs 529.73 crore. Additionally, the stocks have delivered an impressive multibagger return of 123% during the past one year.

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.