The global IT industry is anticipating to achieve USD 26,925 billion by 2032. The 21st century exists in a digital age with technology becoming an integral part of daily human life. The technology stocks globally are thus enjoying consistent market confidence.
The Indian technology sector is expected to generate USD 500 billion in revenue by 2030. With initiatives like Digital India, the government promotes tech-savviness in citizens. In the Union Budget 2025, the government announced 10,000 fellowships for technical research in IITs and IIMs.
Therefore, this blog takes a detailed look at the best tech stock. These stocks might help traders and investors make their portfolios future-ready.
The best tech stocks
The top tech stocks, depending on market capitalisation, are ranked based on their one-year return as of 06.02.2025 in the table below.
| Tech stocks | Market Capitalisation (₹ Cr) | 1-year return (%) | PE ratio | Price to sales |
| Wipro Ltd. | 329727.84 | 28.07 | 26.53 | 3.71 |
| Infosys Ltd. | 791672.67 | 12.00 | 28.61 | 4.95 |
| HCL Technologies Ltd. | 465692.07 | 6.04 | 27.28 | 4.04 |
| Tata Consultancy Services Ltd. | 1477210.83 | 0.19 | 30.25 | 5.86 |
Before getting into the peer analysis of these companies, it is necessary to understand their individual background and financial performance.
Also read: Best IT Stocks to Invest in India for 2025.
Tata Consultancy Services
Global companies collaborate with Tata Consultancy Services (TCS). It is an IT solutions, consultation, and business services firm. TCS has been in operation for more than half a century. TCS delivers its services via a global network delivery model. It is conceived as a standard for software development. The company has marked its presence in 55 nations.
| Particulars | December 2023 (₹ Cr.) | December 2024 (₹ Cr.) | Year-on-year growth (%) |
| Sales | 60,583 | 63,973 | 5.60 |
| Operating profit | 16,388 | 17,034 | 3.94 |
| Profit before tax | 14,829 | 16,666 | 12.39 |
| Net profit | 11,097 | 12,444 | 12.14 |
Key insights
The company saw significant growth in December 2024. Multiple internal and external factors worked in the company’s favour.
- TCS has maintained a healthy pipeline of deals across segments. The growth was led by sectors like Consumer Business Group (1.1%), Regional Markets (40.9%) and Energy, Resource and Utilities segment (3.4%).
- The company has kept up with innovative fields of AI, cybersecurity, IoT and much more. The company achieved 216 approved patents in the recent quarter alone.
- The company has embarked upon key partnerships and projects. For instance, partnership with the second-biggest Danish mobile operator Telenor Denmark to improve IT infrastructure and reduce costs.
Infosys
One of the biggest tech companies in India is Infosys. Infosys served clients in more than 50 countries for more than 40 years. It has assisted many clients in becoming digitally ready. Cloud services, agile processes, and artificial intelligence are their key areas of concentration. In the Nordic region, they demonstrate an industry-leading customer satisfaction percentage of over 80%.
| Particulars | December 2023 (₹ Cr.) | December 2024 (₹ Cr.) | Year-on-year growth (%) |
| Sales | 38,821 | 41,764 | 7.58 |
| Operating profit | 9,137 | 10,115 | 10.70 |
| Profit before tax | 8,619 | 9,670 | 12.19 |
| Net profit | 6,113 | 6,822 | 11.60 |
Also read: What is Fundamental Analysis? Tools Every Trader Should Know.
Key insights
At USD1,263 million, free cash flow for the third quarter was the largest ever and increased 90% year-on-year. Some factors are listed below.
- The company gained large deals with a Total Contract Value (TCV) of USD 2.5 Billion.
- The company focused on growing AI, specifically generative AI.
- The operating margins increased 21.3% and 0.8% year-on-year primarily due to realisation and scale benefits.
HCL Technologies
Global technology provider HCL Technologies, currently known as HCLTech, offers engineering, cloud, and digital services. Established in 1976 in India, HCLTech is a trailblazer in the field of contemporary computing. The company has a presence across 60 countries.
| Particulars | December 2023 (₹ Cr.) | December 2024 (₹ Cr.) | Year-on-year growth (%) |
| Sales | 28,446 | 29,890 | 5.08 |
| Operating profit | 6,787 | 6,860 | 1.08 |
| Profit before tax | 5,874 | 6,132 | 4.39 |
| Net profit | 4,351 | 4,594 | 5.58 |
Key insights
Some factors that influenced the company’s strong growth are listed below.
- The company secured a healthy corpus of deals. The TCV reached USD 2095 Million.
- The growth was backed by growing importance and support in the fields of AI.
Wipro
Wipro Limited is a multinational technology firm based in India that offers business process, consulting, and IT services. Wipro is renowned for utilising cutting-edge technology such as cloud computing, robots, and artificial intelligence. The company was established in 1945. The organisation is among the six leading big tech companies.
| Particulars | December 2023 (₹ Cr.) | December 2024 (₹ Cr.) | Year-on-year growth (%) |
| Sales | 22,205 | 22,319 | 0.51 |
| Operating profit | 4,198 | 4,540 | 8.15 |
| Profit before tax | 3,552 | 4,453 | 25.36 |
| Net profit | 2,701 | 3,367 | 24.66 |
Key insights
Some factors contributing to the approximate 24% growth of profit are listed below.
- The company successfully closed 17 large deals amounting to USD 1 billion.
- The company partnered with several important organisations in both domestic and foreign markets. The partnerships were driven by Wipro’s tech expertise in fields like AI and cloud computing.
Peer comparison of the best tech stocks.
| Technology stocks | Market Cap (₹ Cr.) | P/E Ratio Ind Avg 28-32 | Good/Bad | Price to BookInd Avg 8.36 | Good/Bad | Dividend yield (%) Ind Avg 2.38 | Good/Bad |
| Wipro Ltd. | 329727.84 | 26.53 | 👎 | 4.09 | 👎 | 1.87 | 👎 |
| Infosys Ltd. | 791672.67 | 28.61 | 👍 | 8.89 | 👍 | 1.97 | 👎 |
| HCL Technologies Ltd. | 465692.07 | 27.28 | 👎 | 6.84 | 👎 | 3.13 | 👍 |
| Tata Consultancy Services Ltd. | 1477210.83 | 30.25 | 👍 | 14.22 | 👍 | 1.33 | 👎 |
Also read: Stock Market Indicators for Savvy Traders.
Conclusion
Technology stocks are faring well in the Indian market. In the world of rapid technical innovation, the Indian government has often given substantial support to this industry. The Budget 2025 is expected to push this technical ambition of India and its business even further.
Investment in the best tech stocks can make trader portfolios ready for future disruptions caused by AI and other innovative technologies. However, due to the dynamic nature of the industry, investors must be cautious and perform due diligence before investing.
