9 IT stocks including KPIT Tech, Mphasis rally over 100% in one year

Sonata Software, Hexaware Technologies, Firstsource Solutions, Mindtree, Infinite Computer Solutions (India) and NIIT Technologies too seen their market price more than doubled in one year.

KPIT Technology, Mphasis and Larsen & Toubro (L&T) Infotech were among nine information technology (IT) companies that rallied more than 100% in past one year, hitting fresh record highs on the BSE on Friday on expectation of healthy earning in April-June quarter (Q1FY19).

Sonata Software, Hexaware Technologies, Firstsource Solutions, Mindtree, Infinite Computer Solutions (India) and NIIT Technologies, too, doubled their market price in one year.

The S&P BSE IT index, which hit a record high of 14,525 on Wednesday, has rallied 42% as compared to 14% rise in the S&P BSE Sensex. Nifty IT index touched a new