Naukri, Zensar Technologies and Eclerx Services share price soars over 20% in July; here is why

The IT sector is buzzing in trade for the second consecutive day on Tuesday after rallying over 5% at the index level in three trading sessions. The NIFTY IT index is up nearly 10% in ten trading sessions as investors chase the underperforming and high value IT stocks. The sentiment remains buoyant for IT stocks after the early earnings project improved demand scenario in the Q2 and H2FY27. Investors and institutions are likely to place their bets on undervalued IT companies after the recent fall from record high levels. Mid & Smallcap IT names like Naukri, Zensar Technologies, Eclerx are particularly in focus after a 20% rally in July itself. Here is why

Zensar Technologies (MTD return 23%)

Zensar Technologies a smallcap IT company trading at ₹12,000 crore market cap has witnessed strong buying interest in July as the share price jumped over 23% in just ten trading sessions. The shares are also in focus ahead of the dividend record date on 17 July, where the company will be paying ₹12.6 per share dividend. During the Q4FY26, the company’s sales stood at ₹741.8 crore up by 27.65% from ₹581 crore.Net profit recorded in the quarter rose by 35.79% to ₹199 crore compared to ₹146 crore in corresponding previous quarter. On a YTD basis, the shares have delivered poor returns of 25% and 35% in the pas twelve months.

Info Edge (India) Ltd

Shares of Info Edge (India), parent company of platforms like Naukri, Jeevansathi, 99 acres and Shiksha rallied over 21% in July on a MTD basis. The shares were in focus after the company posted a robust business update for Q1FY27 in the last week. The total billings for the quarter jumped 14% YoY ₹737 crore as compared to ₹644 crore in the same quarter last year. The billings for recruitment solutions segment rose 17.4% YoY to ₹552 crore as compared to ₹470 crore. The real estate platform 99acres billings rose to ₹110 crore as compared to ₹94 crore in the same quarter last year. Earlier this month, the company also rolled out its AI-powered recruitment platform, with AI-Rex, Talent Pulse, and PremiumX scaling across enterprises.

Eclerx Services

Another smallcap IT company, Eclerx Services Ltd shares have rallied over 27%, the most amongst the above three as investor’s buying interest surged after the recent bonus issue in March 2026. During the Q4FY26, the company’s standalone revenue stood at ₹765.9 crore up by 19.35 % from ₹641.7 crore .Net profit stood at ₹129 crore compared to ₹108 crore in the corresponding previous quarter,high by 19.1% YoY. In 2026, the company’s share price fell over 30% till date.