IT Stocks Shine with 15% Weekly Surge: Top Movers Uncovered

Anton Kirichenko -

A Week of Rapid Growth

In an exciting turn of events on the stock market, IT stocks have emerged as remarkable performers, showcasing a resurgence that has captivated investors and analysts alike. The BSE IT index experienced a noteworthy 15% gain over the past week, highlighting significant activity among both large-cap and small-cap companies. This surge is a testament to the sector’s resilience and innovation, drawing attention to key players driving this positive momentum.

Spotlight on Tata Elxsi

Leading the pack is Tata Elxsi, which soared by an impressive 15%. This surge was announced alongside a promising Rs 75/share final dividend for the fiscal year ending March 31, 2025, providing an attractive opportunity for earnings-seeking investors. As stated in The Economic Times, Tata Elxsi’s achievements underscore its pivotal role in driving technological advancement—cementing its position as a standout in the IT sector.

Rise of Newgen Software Technologies

Following closely is Newgen Software Technologies, marking a remarkable 14% return within the week. Despite a temporary setback with a 4% dip on Friday, the company demonstrated resilience and continued growth. Newgen’s progress signals an optimistic trajectory for smaller IT players making significant strides in the industry.

Notable Entries: Tech Mahindra and Others

Tech Mahindra, a well-established large-cap entity, recorded a significant 12% increase, driven by robust financial results—highlighting a 76% YoY gain in profit after tax and revenue growth. Another strong performer, Coforge, sustained a 12% growth, emphasizing the success of tier-2 companies in capturing market share.

Mphasis also mirrored this ascent, closing the week with a 12% increase, further solidifying the general upward trend in the sector.

Despite the optimistic outlook, some stocks faced hurdles. 63 Moons Technologies, Mastek, Orient Technologies, and eMudhra encountered weekly declines ranging from 7% to 10%. However, the most significant drop came from Nelco, a Tata group company, which experienced a notable 10% fall. These fluctuations underscore the volatile nature of the industry, reminding investors of the inherent risks alongside potential rewards.

The substantial movement seen in IT stocks this week spotlights a sector replete with both opportunity and challenge. As investments continue along this wave of innovation, stakeholders must weigh the balance of dynamic growth and potential downturns—making the current landscape an exhilarating one to watch.

With industry players like Tata Elxsi leading the charge, the question remains: who will be the next big mover? Investors and analysts will undoubtedly continue to monitor these developments, taking strategic positions as the landscape evolves.