There are many companies in India that deal with technology, especially software. These are mostly called technology stocks. There are numerous technology stocks listed on Indian exchanges, from large cap to small cap.
Post COVID world is experiencing a digital revolution, with an increasing number of businesses and consumers adopting digital technologies.
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This lends them a pool of steady earnings as these clients have deep pockets and a lot of potential for further spending on technology upgradation.
Most tech companies of India are cash rich allowing them to take advantage of any M&A opportunity in India and abroad.
Tech stocks often show resilience and potential for growth even during economic downturns and are known to be defensive stocks. It means they are usually piled up when other stocks are going down.
Many technology stocks have been offering generous buybacks and dividend over the past few years to reward investors.
This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.