Beneficiaries of the cashless mantra trade higher on bourses

There are a host of stocks which are likely to benefit from the governments' big Digital push. These stocks have already seen a big run-up, post demonetisation. However, more upside is left in the stocks.

Quick Heal Technologies- anti- virus and mobile software maker is likely to be a beneficiary as with advent of digital push, security will also be a complementary product.

1-month return- 24 %
CMP- Rs 287.50

RS Software- A play on electronics software. VISA was one of their big clients in the past and company is likely to add more such clients going forward given the card payment push.

1-month Return- 83 %
CMP- Rs 120.85

TVS Electronic- A play on electronic payment products. Makes swipe cards and billing machines which have seen tremendous demand post currency demonetisation move.

1-month Return- 91.30 %
CMP- Rs 200.85

HCL Infosystems- A play on Aadhaar Data. It also maintains central database of nearly 100 crore individuals.
1-month Return- 37.60 %
CMP- Rs 62.20

Nucleus Software- Developed world’s first offline payment solution software. Demand for more of such software is going to increase in coming times.

1-month Return- 49 %
CMP- 294.35