Tech companies are well-known for giving huge returns to their shareholders. At some point, we use their products and services, and there is a huge demand in the market.
All these companies have been showing consistently good financial performance for the past few months.
Some of the biggest tech companies names in the stock market are Tech Mahindra, Zensar Technologies, Happiest Minds Technologies, Birlasoft, Mphasis, etc.
Hence, these 5 tech companies may give good returns in the short term and investors get to benefit from their continued success.
1. Tech Mahindra Limited
Tech Mahindra Limited is a recommended share with a target price of Rs 1275.40 to Rs 1445.50. This is the right time to buy Tech Mahindra shares at Rs 1200.80 in December 2023 for a short time.
The target price may rise after three months and you can expect huge returns barring the risk of sudden market movements.
2. Zensar Technologies
Zensar Technologies has a strong presence in the digital transformation space with steady revenue growth in recent years. The company reported a total revenue of Rs 1,255 crore in FY23 and has a net profit of Rs 76.5 crore.
This is recommended by the top investor in the world with a target price of Rs 310.20 to 335.30. At present, its share price is Rs 276.55 and may deliver bumper returns in the next three months.
3. Happiest Minds Technologies
It is a software company and has grown rapidly in the Indian market in just a few years. It has maintained a stable financial performance and its current share price is Rs 805.15.
But in September 2021 its share price was Rs.1445.50. So, this is the professionally recommended stock with a target price of Rs 1050.30 to Rs 1140.30 in the next three months.
4. Mphasis
The company was founded in 2000 and is headquartered in Bangalore, India. It is an Indian multinational IT company, that provides various application development, maintenance and infrastructure management services.
The company shows strong financial performance and the current share price is Rs 2047.20. This is the time to buy this share and the target share price will be Rs 2250.40 in the next 2-3 months.
5. Birlasoft
Birlasoft is a global company, that provides various digital and IT solutions across various industries. At present, its share price is Rs 276.60 and the time to buy shares says professional. The target price will be Rs 310.50 to 350.80 in the next 6 months.
Disclaimer: Price predictions on our website (bankshala.com) are for general information only and no part of the website content should be considered financial advice for your investments. Trading is an uncertain business, please consult your financial advisor before making any decision.
