Tata Elxsi, KPIT Tech, Happiest Minds, Mphasis — These mid and small cap IT stocks have become multibaggers in last one year

• Most mid and small cap information technology (IT) companies have delivered excellent returns of over 100%.
• IT companies have in general received strong attention from investors on the ground of pandemic boosting digital opportunities across the globe.
• Tata Group owned Tata Elxsi is the top gainer as stock has multiplied four times in one year.

If you had owned any of the mid and small cap information technology (IT) company stocks a year ago, your investment would have at least doubled by now. Share prices of most of these IT companies have surged more than 100% in the last one year.

Mid and small-sized IT company stocks have picked up since the pandemic and have grown consistently till now. One common trigger for these stocks is growing demand for digitisation i.e., software product development across industries worldwide. Rising demand means increase in revenue for these companies.

This poses an attractive opportunity for IT companies more than any other sector because they are in the process of becoming large cap.

Here is the list of 13 mid and small cap IT companies that surged significantly in the last one year: