Nifty IT index rallies over 1 per cent: Check out these 10 IT stocks owned by super investors, 4 stocks from Mukul Agrawal’s portfolio inside

Nifty IT index rallies over 1 per cent: Check out these 10 IT stocks owned by super investors, 4 stocks from Mukul Agrawal’s portfolio inside

Rakesh Deshmukh

One stock from Mukul Agrawal’s portfolio has delivered an impressive multibagger return of around 200 per cent in the past year.

Today, the Nifty IT Index rallied over 1 per cent, getting good support from its support level. Today Nifty IT Index opened at 34,682.60 compared to yesterday's closing levels of 34,793.95. During the intraday session, it reached highs and lows of 35,289.70 and 34,626.20, respectively. At the time of writing this article, it is trading around the 35,252.90 level. Earlier in January 2024, the index was trading at the same levels and rallied around 12 per cent from this support. Today, it again showcased good bullishness after consolidating for six trading sessions.

Taking advantage of this situation, it would be beneficial to examine IT stocks where prominent investors have made significant investments. Identifying companies where these savvy investors have deployed a substantial amount of capital and acquired a significant stake during this bullish phase could present valuable opportunities.

These super investors, known for their extensive experience and astute market insights, have a proven track record of making wise investment decisions. The growing ownership by these influential investors tends to attract attention from analysts and media, leading to increased coverage of these companies. Consequently, this heightened visibility may generate additional interest from investors, potentially driving up the stock prices further. 

In this article, we are going to explore 10 stocks in the IT sector where super investors hold a substantial stake. We will also provide information on their ownership in the company based on recent quarter data, along with stock performance during the past one year. Furthermore, one stock from Mukul Agrawal’s portfolio has delivered an impressive multibagger return of around 200 per cent in the past year.

All the investors mentioned above have vast knowledge, rich experience, and a well-qualified team that can perform a thorough analysis before buying a stake in any company. Buying these stocks solely because these investors have purchased them requires consideration of other parameters as well, such as financial parameters, business outlook, and management, before investing in these companies.

Also Read: Under Rs 50: Shares of this solar company rally 10 per cent and hits the upper circuit

Stocks in Which Super Investors Have Investments:

Company Name CMP Rs 1 Year Return % Super Investor Super Investor Stakes %
Palred Technologies      145.50                             6.38  Ashish Dhawan                         5.54
Systango Technologies      317.00                          99.72  Ashish Kacholia                         3.09
Zaggel Prepaid      286.05  46.80 (6 Months)   Ashish Kacholia                         2.21
Control Print      943.05                          79.07  Dolly Rajeev Khanna                         1.27
Zen Technologies      622.20                        193.27  Mukul Agrawal                         1.34
Tracxn Technologies         99.38                          39.25  Mukul Agrawal                         1.94
MPS  1,591.30                          43.33  Mukul Agrawal                         4.46
InfoBeans Technologies      412.90                         -17.57  Mukul Agrawal                         5.04
Nazara Technologies      698.50                          36.00  Rekha Rakesh Jhunjhunwala                         8.99
Route Mobile  1,616.30                          19.41  Sunil Singhania                          2.58

 

Investors must keep these stocks on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Previous Article What is Book Value and Book Value Per Share? Importance & limitations of book value!
Next Article Promoters bought 8,48,030 shares of this multibagger IT-stock: Company bags new order worth Rs 4,41,00,000 from Lilikoi Holdings, Inc
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR