All indices were in the green on Friday. At the closing chime, the BSE Sensex Index was up 0.76 percent, standing at 61,112.44. The BSE Information Technology (IT) Index rose 1.04 percent in one day and fell 0.14 percent in one month.
IT has become one of India’s most significant development drivers, contributing significantly to the country’s GDP and public welfare. By 2025, it is anticipated that the IT industry will contribute 10% of India’s GDP, up from 7.40% in FY22.
According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry’s revenue reached USD 227 billion in FY22, an increase of 15.50 percent from the previous fiscal year.
Gartner forecasts that India’s IT spending will increase to USD 101.80 billion in 2022, up from USD 81.89 billion in 2021. The Indian software product market is anticipated to reach $100 billion by 2025.
The succeeding Securities in the IT Sector gained over 80% in a single month.
| Company Name | LTP (Rs) | 1 Month Returns (%) |
| Avance Technologies Ltd | 0.63 | 80 |
| COSYN Ltd | 30.48 | 67.11 |
| Mahaveer Infoway Ltd | 8.50 | 60.98 |
| Educomp Solutions Ltd | 2.10 | 56.72 |
| T Spiritual World Ltd | 1.30 | 52.94 |
| Nintec Systems Ltd | 405.70 | 49.10 |
| Blue Cloud Softech Solutions Ltd | 80.79 | 46.17 |
| California Software Company Ltd | 17.05 | 41.73 |
| XT Global Infotech Ltd | 32.71 | 40.81 |
| Saksoft Ltd | 200.55 | 36.94 |