In 2015, the Central Government launched the ‘Digital India’ campaign to revolutionise the digital infrastructure in the country. Since the launch of the campaign, certain companies are expected to register an upward trend owing to increased government support towards them. These stocks are referred to as Digital India stocks. These stocks are considered as potential investments in the stock market by the investors to boost up their portfolios.
Stocks you should buy to bet on Digital India
- Infosys Ltd
With its strong and extensive global presence, Infosys is a strong contender in the segment. It is a large-cap digital India stock that has a market cap of more than Rs. 7 lakh crore.
- HCL Technologies Ltd
It is a multinational IT software firm in the small-cap digital India space. Apart from the IT sector, it has its valuable presence in many other sectors including defence, automotive, healthcare, and logistics.
- TCS Ltd
TCS is one of the largest IT software companies in India. The large-cap generated its primary revenue from consultancy services and the sale of software and equipment licenses in FY 2021.
- Reliance Industries Ltd
With the help of its innovation-led exponential growth, Reliance Industries has been able to successfully diversify its business over the past years. The large-cap is often one of the key drivers of the market.
- Zee Entertainment Enterprises Ltd
It is a large-cap stock operating in the media and entertainment segment of the digital India space. The company maintains a high brand value in TV broadcasting and software production and is known for its regional reach.
- Honeywell Automation India Ltd
It is one of the key digital India stocks operating in the engineering sector. The large-cap provides integrated automation and software solutions as its primary services. It is often chosen to add a level of diversification to the portfolio.
- Mphasis Ltd
It is a mid-cap digital India player operating in the IT software sector. Its business is to help enterprises in transforming their businesses with the help of next-generation technologies.
- Bharti Airtel Ltd
Bharti Airtel is a popular household name in the telecommunications space. The large-cap claims a market cap of over Rs. 3.5 Lakh Crore and is known for its customer-service services.
- Info Edge (India) Ltd
It is a large-cap stock that operates in the services sector, focusing on the consumer internet space. It has a highly diversified portfolio that includes services for matrimony, recruitment, real estate, and education, along with various subsidiaries, including Zomato and Naukri.com.
- Sun TV Network Ltd
It is a mid-cap player belonging to the media and entertainment sector. The company has various sources of revenue such as subscriptions, advertisements, content trading, production, and distribution of films.
Conclusion
Digital India stocks are expected to reach new heights in the coming times. Before you decide on the stocks to buy to make your portfolio diversified, it is prudent to reach out to a financial expert who can curate plans by taking into account the condition of the stock market today, your financial goals, risk appetite and financial standing.
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