3 IT stocks to watch out for on October 4

3 IT stocks to watch out for on October 4

Indian Market
by 5paisa Research Team Last Updated: Dec 13, 2022 - 09:45 am 13.6k Views

On Tuesday morning, the benchmark indices Nifty 50 and Sensex made a U-turn recovery and are trading higher by 2% each!

 Sensex is trading at 57,817.48 up by 1.83%, and the Nifty 50 was trading at 17,206 up by 1.89%. BSE IT index is at 27,809.41 up by 2.15%, whereas Nifty IT is trading at 27,333.25 up by 2.26%.

Keep a close eye on these trending IT stocks on Tuesday, October 4, 2022:

Tata Consultancy Services Limited: TCS will receive a $2 billion contract from Bharat Sanchar Nigam (BSNL) to expand its 4G and 5G services throughout the nation. Sources in the know claimed that the publicly-owned telco's final clearances could take a few months. TCS would develop 4G core and Radio Access Network (RAN) technology for BSNL's telecom services as part of the agreement. Previously, Texas-based Mavenir was thought to be the front-runner to supply BSNL with 4G core technology. The shares of TCS were trading 2.69% higher on the BSE in the morning session.

Aurionpro Solutions Limited: One of the largest private sector banks in India placed an order with APL for one of its Murex services products. This order includes incident management and support services for the Murex application at the bank's location 24 hours a day, 7 days a week for a term of 12 months. According to the company's press release, this is a significant victory that marks the beginning of Aurionpro's partnership with the leading bank in the Murex services area. The shares of Aurionpro Solutions were trading 5.06% higher, on the BSE.

63 Moons Technologies Limited: The company announced that it has consented to a new arrangement at the request of Multi Commodity Exchange of India Limited (MCX) for software support services with the exchange for three months starting this month. The Mumbai-based technology giant claimed that trading members would continue to receive all of the support and service levels they have been accustomed to since MCX's establishment. The scrip of the IT company was up by 0.83% on the BSE today.





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