3 IT stocks to watch out for on June 21

3 IT stocks to watch out for on June 21

by 5paisa Research Team Last Updated: 2022-06-21T11:18:11+05:30

The benchmark indices Nifty 50 and Sensex are trading higher and are seen recovering last week’s losses.

Sensex is trading at 52,361.93, up by 1.48%, and the Nifty 50 was trading at 15,590.50, up by 1.57%.

Nifty IT index is at 27,686.05 up by 2.67%, whereas BSE IT is trading at 27,940.59 up by 2.43%. Top gainers in the BSE IT sector today are Subex, Indiamart Intermesh, Xchanging Solutions, Cybertech Systems and Software, Mphasis, COFORGE, and L&T Infotech.

Keep a close eye on these trending IT stocks on Tuesday, 21 June 2022:

Birlasoft Limited: Birlasoft has entered into a global partnership with Google to enable enterprises and accelerate their digital transformation journey. The IT company said that it has been focusing on driving the benefits of cloud transformation to its customers through enhanced business integration and expanded business value chain. Leveraging Birlasoft's expertise on Google Cloud's technology offerings will enable customers across various verticals to meet their cloud priorities with speed.

Birlasoft and Google Cloud have partnered to accelerate a cloud-enabled digital transformation strategy for Bestseller India, a part of Denmark based family-owned fashion company BESTSELLER. The shares of Birlasoft were up by 2.61%, on the BSE.

Tech Mahindra Limited: Tech Mahindra has announced a strategic partnership with integrated business communications provider Communisis. According to a statement released by the companies, the partnership “will enable and transform Communisis’ internal and external digital capabilities”. Under the partnership, Tech Mahindra will implement Communisis’ digital transformation strategy through legacy modernisation, enterprise resource planning (ERP) implementation, service desk operations, and cloud and vendor management. This in turn will help transform Communisis’s enterprise back-office operations including the finance function. Further, Tech Mahindra’s Next Generation suite will modernise and impact key CXO objectives whilst aligning the business transformation with the ERP journey. The shares of Tech Mahindra were up by 0.85%, on the BSE, today.

Larsen & Toubro Infotech Limited: The global tech consulting and digital solutions company Larsen & Toubro Infotech (LTI) has expanded its operations in Kolkata by opening up a new facility in the city. The new workplace is situated in Salt Lake Electronics Complex and is designed to house approximately 300 employees. The centre will support LTI’s service delivery capabilities for Cloud, Data, and Digital technologies and create exciting career opportunities for local talent seeking experiences in these futuristic domains. It will also offer LTI’s clients the benefit of increased access to a larger talent pool from the state and the region. The scrip of the IT company was up by 4.1%, on the BSE today.

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