3 IT stocks to watch out for on September 13

3 IT stocks to watch out for on September 13

Indian Market
by 5paisa Research Team Last Updated: 2022-09-13T10:32:45+05:30

On Tuesday morning, the benchmark indices Nifty 50 and Sensex are trading higher thus continuing the green streak.

In the morning deals, the domestic bourses are seen leading the gains despite dismal Indian CPI data for the month of August. Sensex is trading at 58,463.35, up by 0.85%, and the Nifty 50 was trading at 18.048.70, up by 0.63%. BSE IT index is at 29,808.74, up by 0.48%, whereas Nifty IT is trading at 29,192.95, up by 0.21%.

Keep a close eye on these trending IT stocks on Tuesday, September 13, 2022

Tata Consultancy Services Limited: By reinventing its order management, finance, and procurement activities with a new digital core, TCS has helped Penumbra, a global healthcare company focusing on revolutionary solutions, successfully complete the first step of its cloud transformation journey.

Penumbra has been following a technology-enabled growth strategy, broadening its line of products that, via innovation at scale, address difficult medical conditions, and increasing its presence in developing countries. This is why the business chose TCS as its strategic partner to use digital technologies to transform its key business processes. The shares of TCS were trading 0.21% higher on the BSE in the morning session.

Happiest Minds Technologies Limited: The company announced the expansion of its Noida facility ("Smiles 5"), enhancing its capacity for delivery and utilising the region's diversified high-technology talent pool. The facility will increase the company's capacity in the NCR area to 450, informed the CEO and CFO of the company, Venkatraman Narayanan. The shares of HMT were trading 0.48% higher on the BSE.

Mindtree Limited: In Kolkata, Mindtree Ltd is anticipated to establish a sizable development centre, which over the following four to five years could lead to the creation of jobs for 15,000 to 20,000 individuals. Debasish Chatterjee, the chief executive and managing director of Mindtree, claims that the company has acquired about 19 acres of property in Kolkata to build the centre. L&T would be responsible for building the facility. The scrip of the IT company was down by 0.80%, at 3365.55 on the BSE today.


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