5 Best IT Stocks to buy in May 2024 

Published : 13 May 2024

Infosys Ltd

22.89%

₹ 1416.50

CMP

OPM

31.95%

ROE

The company undertakes IT consultancy and outsourcing. With a TTM EPS of 63.19, it is a popular IT stock among investors. 

38.79%

ROCE

HCL Technologies Ltd

19.55%

₹ 1313.60

CMP

OPM

22.70%

ROE

The company offers IT and infrastructure solutions and has delivered almost 20% return in the last one year, making it an attractive stock to buy.

27.56%

ROCE

Tata Consultancy Services 

25.58%

₹ 3916.80

CMP

OPM

46.61%

ROE

It is a leading player in the IT industry in India and many brokerage houses have increased their recommendations for this stock

57.63%

ROCE

LTIMindtree Ltd

17.90%

₹ 4586.00

CMP

OPM

26.56%

ROE

The company specialises in providing comprehensive software services. It has reported a 52-week low very recently, which can be an opportunity to invest in this stock at lower prices. 

32.98%

ROCE

Wipro Ltd

17.43%

₹ 449.40

CMP

OPM

14.61%

ROE

It is involved in the business of providing IT and BPO services. Many mutual funds have increased their holding in this stock in Q4 FY2024, showing positive sentiments.

17.46%

ROCE