3i infotech - Best IT stock around ( November 2021)
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Sounds funny ? When I say Best, it is from an Investor's point of view. TCS being the largest, Tata Elxi being Futuristic, Infosys and Wipro having large legacy. Well, 3i Infotech has nothing of them. It has just 3 things which makes it very attractive.
(1) Debt free IT company operating in high Margin IT Space. Even though IT Products companies like Amazon, Oracle etc. have more margin, Indian companies are known for their expertise in service sector. Be it TCS, Infosys, Wipro or HCL , they all are having expertise in providing world class IT services. Well what make 3I infotech attractive then ? Well, that's its valuation. This company is now debt free after selling its product business. They will also develop own new products soon in another segment which will not compete with their earlier products.
(2) There is ample space of small size IT companies in and outside India. Every company can not afford TCS or Infosys. Large chunk of companies want quality IT products at affordable rates. 3ii has all the potential to fill this space and is already doing so. They are recruiting heavily and this man power will be used to expand business in multifold. They already have a customer base which will also help them.
(3) Delisting Relisting formality has been completed and now company is hitting fresh highs every single day post its relisting. New team that they have in place is very dynamic and results should be visible in the days to come.
So keep an eye on its results to verify the progress. All the Best.
Disclosure : I/My family members have holdings in 3i Infotech.
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