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Will Mid-Size and Specialized IT Firms Pay More as the Sector Returns? 6 Mid-Size IT Stocks With Upside Potential to 41%

Posted on by darion

Will Mid-Size and Specialized IT Firms Pay More as the Sector Returns? 6 Mid-Size IT Stocks With Upside Potential to 41%

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After a long period, IT stocks rebounded on Friday, which was reflected in the top gainers list where IT stocks dominated. The question now is whether this is another false start or the Q1 results of TCS and HCL tech reflect the fact that the market was more bearish on the sector than it needed to be. The answer to this question will be clear in a few days, but given the way they have been performing, there is a higher possibility of it being more balanced this time around. It is a fact that IT companies are among the most researched companies in India. However, these studies mainly focus on the top 5 companies. While it is a fact that the Indian IT sector is much bigger than just these companies. There are many niche areas where mid and small IT companies have been able to make their mark and when you look at the sector, a distinction has to be made, probably because they are not overly held by large institutional investors.

By ETMarkets.com

13 minutes of reading,

While large IT companies have been in the limelight for over two decades, the fact is that SMBs have come a long way. If you look at the bigger picture, post-April 2020, SMBs have seen a big change in both their business model and have been acquiring more customers at a much faster pace. The valuation matrix, the average price to earnings ratio, has increased compared to what most of these companies were

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