Multibagger Stock Tips: The information technology sector has been a star performer in the stock markets affected by the Kovid epidemic. In the Corona era, companies focused on digitization and work from home was started on a large scale, all this reduced the operating cost.
Midcap IT company Mindtree is one of the biggest gainers in the segment, with its share price more than doubling in the current calendar year, outperforming the S&P BSE Sensex (up 20.5 per cent) and the BSE IT Index (up 40 per cent). Has been doing.
The stock has outperformed even its big rivals Infosys, Wipro, Tech Mahindra and HCL Technologies. The company has benefited from a strong order book, healthy revenue growth and stable margins.
Stock market experts believe that the growth in the IT sector will continue. Mindtree will benefit from the boom in the IT sector. Market experts advise to stay in this stock with a long view.
Mindtree, with a global client base, is engaged in IT consulting and implementation services with a focus on banking, financial services and insurance (BFSI), retail, travel and hospitality sectors.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
Multibagger Stock Tips: This multibagger stock gave investors Rs 47 lakh return on investment of Rs 1 lakh in a year
Multibagger Stock Tips: This multibagger stock gave 12 times returns to investors in just 4 months