Question: Can you please cover some Large-Cap IT stocks which will make good profits over the next 3-6 months.
Answer:
IT Industry in India has grown by leaps and bounds, from the proverbial small start it had when Indian government imported some mainframe computers from Soviet Union. Another significant event occurred In 1981 when a small group of seven engineers led by Mr. Murthy co-founded the firm Infosys with a small corpus of Rs 10,000, which went on to change the face of modern India.
The IT industry of today has both IT and BPO component as an integrated aspect of its service offerings. IT sector has increased its contribution to India's GDP from 1.2% in FY1998 to a whopping 7.5% in FY2012. The sector achieved another landmark when the sector aggregated a annual revenue base of over US$100 billion in FY2012, which had an export share of US$69.1 billion and domestic share at US$31.7 billion respectively. Exports thus truly dominate the IT industry, and constitute about 77% of the total industry revenue. Top Four Listed Indian IT Services Providers are Tata Consultancy Services, Infosys, Wipro and HCL Technologies.
The top four companies stack as below, in terms of revenues and manpower:
Answer:
IT Industry in India has grown by leaps and bounds, from the proverbial small start it had when Indian government imported some mainframe computers from Soviet Union. Another significant event occurred In 1981 when a small group of seven engineers led by Mr. Murthy co-founded the firm Infosys with a small corpus of Rs 10,000, which went on to change the face of modern India.
The IT industry of today has both IT and BPO component as an integrated aspect of its service offerings. IT sector has increased its contribution to India's GDP from 1.2% in FY1998 to a whopping 7.5% in FY2012. The sector achieved another landmark when the sector aggregated a annual revenue base of over US$100 billion in FY2012, which had an export share of US$69.1 billion and domestic share at US$31.7 billion respectively. Exports thus truly dominate the IT industry, and constitute about 77% of the total industry revenue. Top Four Listed Indian IT Services Providers are Tata Consultancy Services, Infosys, Wipro and HCL Technologies.
The top four companies stack as below, in terms of revenues and manpower:
