3 IT stocks to watch out for on June 14

3 IT stocks to watch out for on June 14

by 5paisa Research Team Last Updated: 2022-06-14T11:10:25+05:30

The benchmark indices Nifty 50 and Sensex are trading flat after falling sharply in the last trading session.

Sensex is trading 52,873.97, up by 0.04%, and the Nifty 50 was trading at 15,785.55 up by 0.10%. Nifty IT index is at 28,142.05 up by 0.81%, whereas BSE IT is trading at 28,607.97 up by 0.80%. Top gainers in the NSE IT sector today are L&T Technology, Mindtree, Infosys, Wipro, and L&T Infotech.

Keep a close eye on these trending IT stocks on Tuesday, 14 June 2022:

Tata Consultancy Services Limited: The company announced plans to continue growing its footprint in Minnesota by expanding its hiring program in the coming year and accelerating its STEM outreach efforts in local schools to cover 50% more students and teachers.

Bloomington, Minnesota is home to one of the 30 TCS facilities in the U.S. and supports leading enterprises in Minnesota, including Ameriprise Financial and Best Buy. TCS currently has more than 1,000 employees in the state - including 400 who were hired within the last five years - helping companies along their growth and transformation journeys through consulting services, industry experience, advanced technology, and intellectual property. The shares of TCS were up by 0.06%, on the BSE.

Tanla Platforms Limited: It entered into an exclusive partnership with Kore.ai for five countries, viz. India, United Arab Emirates, Indonesia, Vietnam, and the Philippines.

This partnership enhances offering enterprises and brands the ability to improve the digital experiences of their key stakeholders: customers, partners, and employees through best-in-class conversational artificial intelligence (AI) based Natural Language Processing (NLP) system.

Kore.ai is an enterprise conversational AI software platform and solutions company. The shares of Tanla Platforms were trading lower by 0.49%, on the BSE.

Mphasis Limited: Blackstone-backed IT services major Mphasis announced the setting up of a delivery centre in Downtown Calgary, Alberta. The centre will create 1,000 tech jobs in Alberta over two years. According to Calgary Economic Development, Alberta’s spending on digital transformation is set to surpass C$20 billion between 2021-2024, with Calgary companies accounting for C$7.5 billion. Mphasis will offer its next-generation digital technology services to both existing and new Fortune 500 clients through this centre. The scrip of the IT company was up by 0.65%, on the BSE today.

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