3 IT stocks to watch out for on September 6

3 IT stocks to watch out for on September 6

Indian Market
by 5paisa Research Team Last Updated: 2022-09-06T14:40:59+05:30

On Tuesday morning, the benchmark indices Nifty 50 and Sensex are trading in a volatile manner.

On Tuesday morning, the benchmark indices Nifty 50 and Sensex seem to be trading with unpredictability after yesterday’s gains. Sensex is trading at 59,230.87, down by 0.03%, and the Nifty 50 was trading at 17,661.95 down by 0.02%. BSE IT index is at 28,243.01, down by 0.60%, whereas Nifty IT is trading at 27,664.10 up by 0.62%.

Keep a close eye on these trending IT stocks on Tuesday, September 6, 2022:

Infosys Limited:  Infosys announced that it had successfully acquired BASE life science, top technology and consulting company in the European life sciences sector. The acquisition reaffirms Infosys' dedication to assisting international life sciences companies in deriving economic benefits from cloud-first digital platforms and data, accelerating clinical trials, and scaling drug development—all of which have a positive impact on people's lives and lead to improved health outcomes. BASE will contribute domain professionals with experience in business, medicine, digital marketing, clinical, regulatory, and quality standards, further expanding Infosys' presence in the Nordic region. At 10.30 am, the shares of Infosys are trading at 1452.70 per share.

Brightcom Group Limited: BCG has chosen to enter the "Quantum Computing" industry. It would first construct a specialised facility with a global team of experts in quantum technology in the San Francisco Bay Area, California. The objective is to improve quantum computing technology for the business's demands in adtech and other areas of digital marketing. Brightcom Quantum will be overseen by Peshwa Acharya, the company's president of group strategy and an IIT engineering graduate. Quantum computing has the potential to drastically reduce the amount of time and money needed by the global ad-tech industry. Shares of Brightcom group are trading at Rs 41.40 per share.

Wipro Limited: Wipro has launched a partnership with Cisco to quicken customers' transition to the cloud. According to the IT firm, the collaboration will let its clients use Wipro Full Stride Cloud Service to set up a completely automated hybrid-cloud stack, cutting down on installation time and improving user experience. Together, Wipro and Cisco will combine the edge, private, and public clouds to produce a flexible, programmable hybrid cloud solution. The full-stack IT-as-a-service platform will make use of the AppDynamics, Thousand Eyes, Cisco Workload Optimization Manager (CWOM), Intersight, and Secure Application technologies from Cisco's Full Stack Observability solution. Shares of Wipro are trading at Rs 401.65.

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