Best Midcap IT stocks list
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IT or information technology has become a way of life or a lifeblood in the modern era. It is one of the major sectors in the global economy and the Indian economy as well.
The IT industry has been a major contributor to the Indian economy. In the fiscal year 2023, this industry contributed 7.5% of India’s GDP and is expected to contribute 10% to India’s GDP by 2025. With supportive government policies, the Indian IT sector is expected to reach US$ 500 billion by 2030 from US$ 245 billion in FY23.
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Despite a slowdown in major global economies in 2023 and 2024, India’s IT spending is expected to reach $124.6 billion in 2024, a 10.7% increase from the previous year. This growth is mainly driven by the boom in artificial intelligence (AI), generative AI, and particularly growth in cloud spending and cyber security.
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Coming to the market participant, the IT stocks in India, there are many players large cap, Midcap, and small-cap companies that are contributing towards the growth of this sector. However, not all companies will give you the same return. Companies that are into products such as Artificial intelligence, Fintech companies, etc. will give you a good return.
This article dives deep into the segments within IT sectors and which segment is likely to give good returns. We will explore the companies within each segment and at the end of this article we will give you the Nifty IT stocks list, the complete list of companies that are traded in NSE and BSE.
IT Stocks Segment
IT stocks can be divided into different segments such as IT-Software, BPO/ ITeS, E-Commerce, Fintech, IT-Education, and IT- Networking. Each segment has its pros and cons in the current economic scenario.
The global economy particularly, the US economy and European economy is coming out of a slowdown and is about to perform well in the coming months. The fed rate cut is expected to be in this year by September 2024. If this happens, the overall IT sector will perform well. Otherwise, the IT sector related to IT products such as BPO, fintech, and the companies that are into AI-related products will do well.
Let us find out the stocks that may perform well going ahead.
Top 10 Best Midcap IT stocks list
- HCL Technology
- KPI Technology
- Sonata Software
- Accelya Solution
- Persistent
- LTIMindtree Ltd.
- Birlasoft Ltd.
- CE Info Systems Ltd. (MapmyIndia)
- Tanla Platforms Ltd.
- First Source Solution
Fintech Stocks India
| Stock Name | Symbol | Industry | Market Cap(Rs. Cr.) |
|---|---|---|---|
| PB Fintech Ltd. | POLICYBZR | Fintech | 66720.08 |
| One97 Communications Ltd. | PAYTM | Fintech | 29729.91 |
| Infibeam Avenues Ltd. | INFIBEAM | Fintech | 8362.7 |
| Zaggle Prepaid Ocean Services Ltd. | ZAGGLE | Fintech | 3692.85 |
| MOS Utility Ltd. | MOS | Fintech | 478.14 |
| Suvidhaa Infoserve Ltd. | SUVIDHAA | Fintech | 115.39 |
e commerce stocks in India
| Stock Name | Symbol | Industry | Market Cap(Rs. Cr.) |
|---|---|---|---|
| Zomato Ltd. | ZOMATO | e-Commerce | 196356.3 |
| FSN E-Commerce Ventures Ltd. | NYKAA | e-Commerce | 51508.69 |
| Indiamart Intermesh Ltd. | INDIAMART | e-Commerce | 16864.34 |
| MSTC Ltd. | MSTCLTD | e-Commerce | 6494.05 |
| CarTrade Tech Ltd. | CARTRADE | e-Commerce | 3936.97 |
| Enfuse Solutions Ltd. | ENFUSE | e-Commerce | 175.85 |
| Yaari Digital Integrated Services Ltd. | YAARI | e-Commerce | 102.55 |
| Radiowalla Network Ltd. | RADIOWALLA | e-Commerce | 83.35 |
| Pace E-Commerce Ventures Ltd. | 543637 | e-Commerce | 65.71 |
| Net Avenue Technologies Ltd. | CBAZAAR | e-Commerce | 34.33 |
| Fone4 Communications (India) Ltd. | 543521 | e-Commerce | 7.11 |
Nifty IT Stocks list
Nifty IT Stocks with Weightage
Complete Nifty IT Stocks List
| Stock Name | Symbol | Industry | Market Cap(Rs. Cr.) |
|---|---|---|---|
| Tata Consultancy Services Ltd. | TCS | IT – Software | 1514133 |
| Infosys Ltd. | INFY | IT – Software | 710827.3 |
| HCL Technologies Ltd. | HCLTECH | IT – Software | 423440.3 |
| Wipro Ltd. | WIPRO | IT – Software | 292932.7 |
| LTIMindtree Ltd. | LTIM | IT – Software | 164961.5 |
| Tech Mahindra Ltd. | TECHM | IT – Software | 147205.5 |
| Oracle Financial Services Software Ltd. | OFSS | IT – Software | 91611.48 |
| Persistent Systems Ltd. | PERSISTENT | IT – Software | 74026.42 |
| L&T Technology Services Ltd. | LTTS | IT – Software | 53287.7 |
| KPIT Technologies Ltd. | KPITTECH | IT – Software | 51100.41 |
| Mphasis Ltd. | MPHASIS | IT – Software | 50893.3 |
| Tata Elxsi Ltd. | TATAELXSI | IT – Software | 44002.98 |
| Tata Technologies Ltd. | TATATECH | IT – Software | 41901.5 |
| Coforge Ltd. | COFORGE | IT – Software | 39891.88 |
| Cyient Ltd. | CYIENT | IT – Software | 20369.24 |
| Birlasoft Ltd. | BSOFT | IT – Software | 20210.43 |
| Sonata Software Ltd. | SONATSOFTW | IT – Software | 19830.24 |
| Zensar Technologies Ltd. | ZENSARTECH | IT – Software | 17450.31 |
| Intellect Design Arena Ltd. | INTELLECT | IT – Software | 14874.45 |
| Newgen Software Technologies Ltd. | NEWGEN | IT – Software | 14252.95 |
| CE Info Systems Ltd. | MAPMYINDIA | IT – Software | 13088.66 |
| Tanla Platforms Ltd. | TANLA | IT – Software | 12808.65 |
| Happiest Minds Technologies Ltd. | HAPPSTMNDS | IT – Software | 12636.53 |
| Route Mobile Ltd. | ROUTE | IT – Software | 11128.33 |
| Zen Technologies Ltd. | ZENTEC | IT – Software | 10901.8 |
| RateGain Travel Technologies Ltd. | RATEGAIN | IT – Software | 9733.94 |
| Aurionpro Solutions Ltd. | AURIONPRO | IT – Software | 9105.82 |
| Mastek Ltd. | MASTEK | IT – Software | 9081.57 |
| Magellanic Cloud Ltd. | 538891 | IT – Software | 7493.11 |
| Nazara Technologies Ltd. | NAZARA | IT – Software | 6940.03 |
| NIIT Learning Systems Ltd. | NIITMTS | IT – Software | 6288.55 |
| R Systems International Ltd. | RSYSTEMS | IT – Software | 5737.13 |
| Moschip Technologies Ltd. | 532407 | IT – Software | 5473.85 |
| Blue Cloud Softech Solutions Ltd. | 539607 | IT – Software | 5275.74 |
| Datamatics Global Services Ltd. | DATAMATICS | IT – Software | 3809.6 |
| Nucleus Software Exports Ltd. | NUCLEUS | IT – Software | 3808.51 |
| Network People Services Technologies Ltd. | NPST | IT – Software | 3747.8 |
| Cigniti Technologies Ltd. | CIGNITITEC | IT – Software | 3709.81 |
| Saksoft Ltd. | SAKSOFT | IT – Software | 3268.21 |
| Accelya Solutions India Ltd. | ACCELYA | IT – Software | 2871.89 |
| Quick Heal Technologies Ltd. | QUICKHEAL | IT – Software | 2824.7 |
| Sasken Technologies Ltd. | SASKEN | IT – Software | 2689.08 |
| Genesys International Corporation Ltd. | GENESYS | IT – Software | 2673.3 |
| RPSG Ventures Ltd. | RPSGVENT | IT – Software | 2490.41 |
| Axiscades Technologies Ltd. | AXISCADES | IT – Software | 2422.3 |
| Kody Technolab Ltd. | KODYTECH | IT – Software | 2356.26 |
| Expleo Solutions Ltd. | EXPLEOSOL | IT – Software | 2024.71 |
| ASM Technologies Ltd. | 526433 | IT – Software | 1812.58 |
| KKRRAFTON Developers Ltd. | 521238 | IT – Software | 1753.32 |
| Subex Ltd. | SUBEXLTD | IT – Software | 1725.35 |
| Brightcom Group Ltd. | BCG | IT – Software | 1723.82 |
| Dynacons Systems & Solutions Ltd. | DSSL | IT – Software | 1689.96 |
| TechNVision Ventures Ltd. | 501421 | IT – Software | 1637.4 |
| 63 Moons Technologies Ltd. | 63MOONS | IT – Software | 1601.23 |
| Kellton Tech Solutions Ltd. | KELLTONTEC | IT – Software | 1496.09 |
| Trident Techlabs Ltd. | TECHLABS | IT – Software | 1486.09 |
| Xchanging Solutions Ltd. | XCHANGING | IT – Software | 1456.6 |
| Sahana System Ltd. | SAHANA | IT – Software | 1430.19 |
| KSolves India Ltd. | KSOLVES | IT – Software | 1419.7 |
| Ramco Systems Ltd. | RAMCOSYS | IT – Software | 1256.66 |
| Allied Digital Services Ltd. | ADSL | IT – Software | 1206.21 |
| Veefin Solutions Ltd. | 543931 | IT – Software | 1148.29 |
| Infobeans Technologies Ltd. | INFOBEAN | IT – Software | 1120.6 |
| Aurum Proptech Ltd. | AURUM | IT – Software | 1118.35 |
| Innovana Thinklabs Ltd. | INNOVANA | IT – Software | 1045.5 |
| Onward Technologies Ltd. | ONWARDTEC | IT – Software | 1028.44 |
| Digispice Technologies Ltd. | DIGISPICE | IT – Software | 998.66 |
| Tracxn Technologies Ltd. | TRACXN | IT – Software | 971.98 |
| Mindteck (India) Ltd. | MINDTECK | IT – Software | 905.05 |
| Danlaw Technologies India Ltd. | 532329 | IT – Software | 904.7 |
| Ceinsys Tech Ltd. | 538734 | IT – Software | 882.57 |
| Nintec Systems Ltd. | NINSYS | IT – Software | 874.65 |
| Onmobile Global Ltd. | ONMOBILE | IT – Software | 774.87 |
| IZMO Ltd. | IZMO | IT – Software | 717.73 |
| FCS Software Solutions Ltd. | FCSSOFT | IT – Software | 683.82 |
| 3I Infotech Ltd. | 3IINFOLTD | IT – Software | 648.45 |
| Bartronics India Ltd. | ASMS | IT – Software | 623.47 |
| RS Software (India) Ltd. | RSSOFTWARE | IT – Software | 621.63 |
| All E Technologies Ltd. | ALLETEC | IT – Software | 573.72 |
| Vinsys IT Services India Ltd. | VINSYS | IT – Software | 549.39 |
| CyberTech Systems And Software Ltd. | CYBERTECH | IT – Software | 548.52 |
| Inspirisys Solutions Ltd. | INSPIRISYS | IT – Software | 534.83 |
| XT Global Infotech Ltd. | 531225 | IT – Software | 529.75 |
| Megasoft Ltd. | MEGASOFT | IT – Software | 521.85 |
| Cressanda Railway Solutions Ltd. | 512379 | IT – Software | 502.7 |
| Trust Fintech Ltd. | TRUST | IT – Software | 487.94 |
| SoftTech Engineers Ltd. | SOFTTECH | IT – Software | 479.31 |
| Softsol India Ltd. | 532344 | IT – Software | 463.8 |
| AION-Tech Solutions Ltd. | GOLDTECH | IT – Software | 462.02 |
| DRC Systems India Ltd. | DRCSYSTEMS | IT – Software | 422.57 |
| Trigyn Technologies Ltd. | TRIGYN | IT – Software | 406.99 |
| Systango Technologies Ltd. | SYSTANGO | IT – Software | 397.45 |
| Airan Ltd. | AIRAN | IT – Software | 391.69 |
| Intense Technologies Ltd. | INTENTECH | IT – Software | 351.66 |
| Virinchi Ltd. | VIRINCHI | IT – Software | 341.45 |
| Canarys Automations Ltd. | CANARYS | IT – Software | 326.43 |
| Take Solutions Ltd. | TAKE | IT – Software | 309.03 |
| ABM Knowledgeware Ltd. | 531161 | IT – Software | 307.63 |
| Trejhara Solutions Ltd. | 542233 | IT – Software | 277.19 |
| Dev Information Technology Ltd. | DEVIT | IT – Software | 272.93 |
| Delaplex Ltd. | DELAPLEX | IT – Software | 256.72 |
| Cambridge Technology Enterprises Ltd. | CTE | IT – Software | 253.04 |
| GSS Infotech Ltd. | GSS | IT – Software | 248.49 |
| Nettlinx Ltd. | 511658 | IT – Software | 234.39 |
| Odyssey Technologies Ltd. | 530175 | IT – Software | 219.4 |
| GVP Infotech Ltd. | GVPTECH | IT – Software | 205.69 |
| Ace Software Exports Ltd. | 531525 | IT – Software | 186.27 |
| Avance Technologies Ltd. | 512149 | IT – Software | 178.37 |
| CG-VAK Software & Exports Ltd. | 531489 | IT – Software | 175.17 |
| Xelpmoc Design And Tech Ltd. | XELPMOC | IT – Software | 173.48 |
| Diensten Tech Ltd. | DTL | IT – Software | 167.86 |
| Athena Global Technologies Ltd. | 517429 | IT – Software | 163.96 |
| MPS Infotecnics Ltd. | VISESHINFO | IT – Software | 162.3 |
| 7Seas Entertainment Ltd. | 540874 | IT – Software | 161.05 |
| Fidel Softech Ltd. | FIDEL | IT – Software | 158.13 |
| Atishay Ltd. | 538713 | IT – Software | 152.86 |
| WEP Solutions Ltd. | 532373 | IT – Software | 145.6 |
| Elnet Technologies Ltd. | 517477 | IT – Software | 143.3 |
| BLS Infotech Ltd. | 531175 | IT – Software | 137.87 |
| Asit C Mehta Financial Services Ltd. | 530723 | IT – Software | 134.82 |
| Securekloud Technologies Ltd. | SECURKLOUD | IT – Software | 129.3 |
| Sattrix Information Security Ltd. | 544189 | IT – Software | 127.81 |
| Palred Technologies Ltd. | 532521 | IT – Software | 124.1 |
| Vedavaag Systems Ltd. | 533056 | IT – Software | 121.27 |
| Ahasolar Technologies Ltd. | 543941 | IT – Software | 103.43 |
| Cranes Software International Ltd. | 512093 | IT – Software | 102.27 |
| Adroit Infotech Ltd. | ADROITINFO | IT – Software | 101.19 |
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