Top 10 IT Stocks to invest in India

India is recognized internationally as the IT hub of the world and IT professionals from there are in great demand globally. It is therefore no wonder that most IT companies in India are faring very well in the stock market. It may not be wholly wrong to say invest blindfold in any IT stocks in India and you will not regret. Nonetheless, it is worthwhile to prepare a list of the top ten IT companies in India where you can safely invest and expect good returns. If you are not interested in investing in mutual funds, and is willing to go for the share market, investing in the following companies' stocks will be a safe bet.

Tata Consultancy Services (TCS) belongs to the Tata Group, which is widely respected in India for adhering to business ethics and consistent notable performance. The Mumbai-based TCS is one of the frontline software companies in India. This software giant with a turnover of over US$ 1.50 billion has been in operation since 1968 and has facilities in 34 countries across the globe.

TCS has delivered excellent results for four consecutive quarters during the financial year 2009-10. Tata Consultancy Services announced that the net profit rose by 50.1 per cent to Rs 2,001 crore for the fourth quarter ended March 31, 2010.

Infosys Technologies incorporated in 1981 and headquartered in Bangalore has been lauded for creating jobs back in the US, where many of its clients are based. It has over 40 development centers across the globe and boasts of revenues in excess of $ 5 billion and 113796 employees on its payrolls.

The company’s consolidated results for the quarter ended 31st March 10 shows an income of Rs. 5944 crores and the quarter to previous quarter growth rate is 3.5 %. Again, this year’s growth over the previous year is 5.5 %. The company had registered a net profit of Rs 1600 crores after tax and the earnings per share (EPS) is Rs. 28.02. The company has declared a dividend of Rs. 15 per share.

Wipro is headquartered at Bangalore and its core business areas covers infrastructure solutions, consumer care and certain professional and business solutions. The company, for long, was known as one of the largest independent R&D Services provider in the world.

Highlights of the Results for the Quarter ended March 31, 2010 speak volumes about the company’s splendid performance. IT Services Revenue in constant currency was $1,180 million, with a sequential increase of 4.7%. On a year to year basis, total Revenues were Rs. 69.83 billion ($1.55 billion1), representing an increase of 8% over the same period last year.

HCL Technologies, based in Delhi, offers is engaged in providing software-IT solutions, remote infrastructure management services and business process outsourcing (BPO). Through its global offshore infrastructure, HCL delivers solutions in selected verticals, including financial services, retail and consumer, life sciences and healthcare, hi-tech, telecom, and media and entertainment.

The company’s net profit rose by 57.7% to Rs 344 crore in the quarter ended March 31, 2010. HCL's total revenue in the quarter stood at Rs 3,076 crore, a 7.5% increase over the same quarter a year ago. The company board has proposed an interim dividend of Re 1 on each share with a face value of Rs 2.

NIIT Limited is leading Global Talent Development Corporation and Asia’s largest IT trainer.

NIIT Limited reported consolidated annual net revenue of Rs. 1,199.3 Cr, for the year ended March 31, 2010, up 4% over the previous year. The company’s system-wide revenue stood at Rs. 1,796.4 Cr, up 6 %. The earnings per share (EPS) stood at Rs. 4.3. NIIT reported an increase in operating profit to Rs 156.9 Cr, up 32%. The company, in its history of providing IT in schools, has over shot the significant milestone of 15,000 schools during this quarter.

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