A Study of Stocks Performance of Information Technology Sector in India

  • Unique Paper ID: 169302
  • PageNo: 629-639
  • Abstract:
  • The Information Technology (IT) sector in India has emerged as a cornerstone of the nation's economic growth, contributing significantly to its GDP and export revenues. The sector, valued at approximately USD 227 billion in 2022, is projected to reach USD 350 billion by 2026 (NASSCOM). This paper aims to evaluate the performance of major IT companies in the Indian stock market over the past decade, focusing specifically on the period from April 2014 to March 2024. The study analyzes three leading IT companies - Tata Consultancy Services (TCS), Infosys, and HCL Technologies - comparing their performance against the NIFTY 50 index. Using exploratory and descriptive statistics, the paper examines annual and quarterly returns to establish relationships between individual stock performance and the broader market index. The findings provide valuable insights for investors seeking to make informed decisions in the Indian IT sector, highlighting the risk-return characteristics of these prominent technology companies.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{169302,
        author = {Subroto Das},
        title = {A Study of Stocks Performance of Information Technology Sector in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {6},
        pages = {629-639},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=169302},
        abstract = {The Information Technology (IT) sector in India has emerged as a cornerstone of the nation's economic growth, contributing significantly to its GDP and export revenues. The sector, valued at approximately USD 227 billion in 2022, is projected to reach USD 350 billion by 2026 (NASSCOM). This paper aims to evaluate the performance of major IT companies in the Indian stock market over the past decade, focusing specifically on the period from April 2014 to March 2024. The study analyzes three leading IT companies - Tata Consultancy Services (TCS), Infosys, and HCL Technologies - comparing their performance against the NIFTY 50 index. Using exploratory and descriptive statistics, the paper examines annual and quarterly returns to establish relationships between individual stock performance and the broader market index. The findings provide valuable insights for investors seeking to make informed decisions in the Indian IT sector, highlighting the risk-return characteristics of these prominent technology companies.},
        keywords = {Information Technology Sector, Stock Performance, Risk & Return, Indian Stock Market, NIFTY 50},
        month = {November},
        }

Cite This Article

Das, S. (2024). A Study of Stocks Performance of Information Technology Sector in India. International Journal of Innovative Research in Technology (IJIRT), 11(6), 629–639.

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