Do you own these IT stocks that sparkled in last one month?

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Do you own these IT stocks that sparkled in last one month?

The domestic equity markets commenced Monday's trading session on a positive note, supported by buying interest in the financial and IT stocks. 

The domestic equity markets commenced Monday's trading session on a positive note, supported by buying interest in the financial and IT stocks.

BSE IT index has been trading in an upward trajectory during the last one month, gaining 7.4 per cent. The IT index has outperformed the equity benchmark indices, Sensex and Nifty, which zoomed 4.10 per cent & 3.98 per cent, respectively in the past month.  

The IT stocks have rallied and delivered returns from 51 per cent to 176 per cent in just a month. Out of the 14 top gainers, three stocks have doubled the wealth namely, Cressanda Solutions, Continental Chemicals, and Megri Soft. The small-cap stock, Cressenda Solutions has turned into a multi-bagger as it rewarded investors, a return of 1,007.14 per cent in 2021, so far! It is greater than the 968.97 per cent returns gained in the past one year.

Following is the list of the top monthly gainers in the IT sector:  

Sr. no. 

Company name 

1-month returns (per cent)

1-year returns (per cent)

YTD returns (per cent)

Cressanda Solutions Ltd 

176.79 

968.97 

1,007.14 

Continental Chemicals Ltd 

162.36 

263.16 

262.2 

Megri Soft Ltd 

106.84 

614.94 

382.26 

Svam Softwares Ltd 

92.4 

495.29 

336.21 

Indian Infotech & Software Ltd 

87.37 

612 

439.39 

Cambridge Technology Enterprises Ltd 

76.23 

301.83 

57.27 

Astro Bio Systems Ltd 

73.63 

99.43 

70.24 

Mindteck (India) Ltd 

68.26 

422.2 

107.27 

California Software Company Ltd 

64.74 

147.83 

81.36 

10 

Softsol India Ltd 

64.58 

530.66 

231.15 

11 

Eco Recycling Ltd 

56.73 

64.51 

138.83 

12 

Tranway Technologies Ltd 

56.25 

56.01 

105.76 

13 

Iris Business Services Ltd 

56.08 

361.54 

239.47 

14 

Digispice Technologies Ltd 

51.52 

1,125.49 

206.75