Which are the best digitisation stocks in India right now?
As per Equitymaster's Stock Screener, here is a list of the best digitisation stocks in India right now...
- #1 TECH MAHINDRA
- #2 CYIENT
- #3 NUCLEUS SOFTWARE
- #4 MINDTREE
- #5 TCS
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What are digitisation stocks?
India's internet economy has witnessed a sharp rise in the last few years, with the rise in affordable smartphones and data consumption. Everything that could have gone online, has gone online giving a boost to digitisation.
Companies that are contributing significantly to this megatrend are known as digitisation stocks.
When should you invest in digitisation stocks?
The best time to buy digitisation stocks is when companies that have strong fundamentals are trading at attractive valuations .
Where can I find a list of digitisation stocks?
The details of listed digitisation companies can be found on the NSE and BSE website. For a curated list you can check out our list of digitisation stocks.