3 IT stocks to watch out for on September 20

3 IT stocks to watch out for on September 20

Indian Market
by 5paisa Research Team Last Updated: 2022-09-20T11:00:19+05:30

On Tuesday morning, the Indian benchmark indices opened higher amid positive global cues. 

At 10:15 am, the Sensex was trading at 59,900.63 level, up by 1.28%, and the Nifty 50 was trading at 17,856.10 level, up by 1.33%. Sectoral index BSE IT was at 27,819.46, up by 1.54%, while Nifty IT was trading at 27,276.25, up by 1.74%. 

Keep a close eye on these trending IT stocks on Tuesday, 20, September 2022:   

Tata Consultancy Services Limited: To fulfil objectives for growth and transition Israel's OFEK Credit Union (OFEK) has chosen TCS' Banking Services Bureau (BSB), powered by TCS BaNCS, to help it accomplish its development and transformation objectives, according to a statement from Tata Consultancy Services. OFEK was established in 2012 to facilitate easy access to credit for Israeli households and small enterprises through peer-to-peer lending while simultaneously promoting sustainability and social value. More recently, OFEK was granted a formal licence to offer banking services, which has given its strategic goals more momentum. The shares of TCS were trading 1.10% higher on the BSE in the morning session.

Dixon Technologies Limited: Ibahn Illumination (Ibahn) has agreed to transfer its cutting-edge technologies for smart lighting solutions to DT under a legally binding term sheet. The technology that Ibahn has developed for BLE Mesh Smart Lighting (app, firmware, hardware, and cloud-hosted database) that offers customers a variety of combinations and control, as well as work-in-progress technology for wi-fi-based technology solutions for its lighting products, are included in the technology that is proposed to be transferred. A computer mesh network standard called Bluetooth Mesh is based on Bluetooth Low Energy (BLE), a wireless LAN technology created to offer low-cost, low-energy connectivity. Upon signature of all relevant definitive agreements following the term sheet, the transaction will be completed. The shares of Dixon Technologies were trading 1.80% higher, on the BSE.

Mindtree Limited: For the company's recently inaugurated Green Hydrogen Plant in Hazira, Gujarat, Mindtree recently announced that it had built and implemented a digital command and control system for Larsen & Toubro (L&T), an Indian multinational involved in EPC projects, high-tech manufacturing, and services. The scrip of the IT company surged 2.14% to Rs 3,177.95 on the BSE today.

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