Ready to explore the best mid cap IT stocks in India? These stocks, like hidden gems, offer a mix of growth and stability in the tech world. Whether you are new to investing or a pro, join us on this journey to discover the top players reshaping the IT sector. Let’s uncover opportunities for growth and navigate the path to financial success in India’s dynamic stock market together.
Table of Contents
Overview of Best Mid Cap IT Stocks in India
1. Persistent Systems Ltd
Persistent Systems Ltd was founded in 1990 and headquartered in Pune, India, specializes in software, digital transformation, cloud computing, AI, data analytics, and blockchain. The company has a strong and increasing global presence, serving Fortune 500 organizations, banks, telecommunications providers, and retailers.
- Market Cap: ₹66,458 crore
- Current Market Price: ₹8,577.75
- The company has had a significant increase in net profit over the last 3 years.
- It has provided a great Return on Equity of 24.65% in the last year.
- Net Profit is increasing for last 5 Quarters
- Profit before tax has been growing over the past 5 quarters.
- EBITDA is continuously increasing for last 3 Years
- Consistent Growth in EPS for last 4 quarters
- Good Return On Capital Employed of 20.96
- Good Net Margin of 10.86% is achieved by the company
- Overall, Persistent Systems stands out as a best mid cap IT stock in India.
2. Mphasis Ltd
Mphasis Limited was founded in 1992 and headquartered in Bengaluru, India, Mphasis Limited is a leading player in the Indian IT services sector. Specializing in cloud computing, AI, cybersecurity, and more, it offers a diverse range of services, including application development, blockchain, cybersecurity, AI integration, and digital transformation. With expertise in governance, risk, and compliance services, Mphasis is a standout choice among the best mid cap IT stocks in India.
- Market Cap: ₹48,773 crore
- Current Market Price: ₹2,586
- The company has given a strong Return On Equity of 20.74% during the last 12 months.
- Annual net profit has increased over the last three years.
- EBITDA is continuously increasing for last 3 Years
- High Return On Capital Employed of 20.14.
- Good Net Margin of 11.99% is achieved by the company
3. Tata Elxsi Ltd
Tata Elxsi Limited established in 1989 and headquartered in Bengaluru, India, Tata Elxsi Limited is a prominent player in the Indian IT sector. As part of the esteemed Tata Group, it specializes in offering product design, engineering, systems integration, and support services globally. Operating in segments like Software Development and Services, along with Systems Integration and Support, Tata Elxsi caters to diverse industries such as automotive, broadcast, communication, healthcare, and transportation. With a rich history and a wide range of services, Tata Elxsi stands out among the best mid cap IT stocks in India.
- Market Cap: ₹47,907 crore
- Current Market Price: ₹7,688
- Outstanding increasing trend in Net Profit for last 3 year
- Excellent Net Margin for last 3 years
- The company has achieved good return on equity over the last 3 years
- The company has achieved good return on assets
- Good Return On Capital Employed of 36.21
- Strong Return On Equity of 39.62% during the past 12 months
- Strong Return On Asset of 29.60% during the past 12 months
- Net Profit is increasing for last five Quarters
- Profit before tax has increased for the past 5 quarters.
- EBITDA is continuously increasing for last 3 Years
- Consistent growth in EPS over the last four quarters.
- Good Net Margin of 22.87% is achieved by
4. Coforge Ltd
Coforge Ltd was founded in 1992 and based in New Delhi, Coforge Limited is a prominent player in the Indian IT sector. Specializing in IT and IT-enabled services, the company is recognized for its expertise in digital process automation, AI, predictive analytics, and comprehensive cloud solutions. Coforge is a top choice for investors seeking the best mid cap IT stocks in India.
- Market Cap: ₹38,622 crore
- Current Market Price: ₹6,365.85
- The company has given a good Return On Equity of 22.01% during the last 12 months.
- Annual Net Profit is going up in last 3 years
- Company’s Net Profit is increasing for last 5 Quarters
- EBITDA is continuously increasing for last 3 Years
- Good Growth in EPS for last 4 quarters
- Strong Return On Capital Employed of 21.78
5. KPIT Technologies Ltd
KPIT Technologies Ltd was founded in 1990 and headquartered in Pune, India, KPIT Technologies Limited is a key player in the Indian IT sector, focusing on embedded software, artificial intelligence, and digital solutions for the automobile and mobility industry. With a global presence, the company excels in providing solutions for autonomous driving and advanced driver assistance systems. KPIT Technologies is a noteworthy choice for investors eyeing the best mid cap IT stocks in India.
- Market Cap: ₹38,663 crores
- Current Market Price: ₹1,459.90
- The company has given a good Return On Equity of 30.65% during the last 12 months
- Annual Net Profit is increasing in last 3 years
- Company’s Net Profit is increasing for last 5 Quarters
- Profit Before Tax has increased for last 5 Quarters
- EBITDA is continuously increasing for last 3 Years
- Consistent Growth in EPS for last 4 quarters
- Good Return On Capital Employed of 22.75
- Good Net Margin of 11.51% is achieved by the company
Read also: Top 5 Highest Dividend Paying Stocks in Nifty 50 – 2024
Best Mid Cap IT Stocks list
| Mid Cap IT Stock Names | Market Cap (Cr) | CMP | PE Ratio | ROE |
|---|---|---|---|---|
|
Persistent Systems |
₹66,458 |
₹8,577.75 |
64.54 |
22.21% |
|
Mphasis |
₹48,773 |
₹2,586.00 |
30.38 |
20.30% |
|
Tata Elxsi |
₹47,907 |
₹7,688.00 |
60.11 |
37.46% |
|
Coforge |
₹38,622 |
₹6,365.85 |
55.25 |
20.72% |
|
KPIT Technologies |
₹38,663 |
₹1,459.90 |
79.41 |
26.22% |
Note: The above figures have been taken from google finance.
Conclusion
So there you have it – the scoop on the “best mid cap IT stocks in India.” These stocks are like hidden treasures, combining growth and stability. Whether you are a pro or just starting, consider these gems for a balanced investment journey. Cheers to potential gains and exciting times in India’s stock market! Happy investing!
Frequently Asked Questions (FAQ)
Mid-cap stocks are securities that have a moderate market capitalisation. In the Indian stock market, a mid-cap stock typically has a market capitalization of Rs. 5,000 crores to Rs. 20,000.
Mid-cap companies can be a profitable strategy for investors seeking growth and diversification in the Indian stock market. While they have hazards, careful planning and research can help mitigate these issues.
Nifty Midcap 50 contains the top 50 businesses based on complete market capitalisation from the Nifty Midcap 150 index, with a preference for stocks with derivative contracts available on the National Stock Exchange (NSE).