The article examines the relationship between risk and return for IT companies like Wipro, Infosys, TCS, and HCL from 2010 to 2014. By analyzing data from various sources, the researchers found that HCL and TCS had higher portfolio returns compared to the other companies. On the other hand, Wipro and Infosys had lower portfolio risks. The study used statistical tools like mean, standard deviation, covariance, and correlation to measure these factors and identify the most efficient portfolio with the maximum return for the least amount of risk.