3 IT stocks to watch out for today!

3 IT stocks to watch out for today!

Indian Market
by 5paisa Research Team Last Updated: Feb 25, 2023 - 11:52 am 171 Views

The domestic benchmark indices were trading flat on Friday.

The barometer index, the S&P BSE Sensex, was down marginally points or 0.03% to 59,612.34. The Nifty 50 index dropped 0.07% to 17,503.20. In the broader market, the S&P BSE Mid-Cap index added 0.04% while the S&P BSE Small-Cap index rose 0.10%. The market breadth was strong. On the BSE, 1,835 shares rose and 772 shares fell. A total of 103 shares were unchanged.

Keep a close eye on these trending IT stocks on Friday, 24, February 2023:

Infosys: The business today announced that it will expand its partnership with Microsoft to support the global acceleration of enterprise cloud transformation initiatives. Businesses may contribute up to USD 414 billion in net new earnings each year through effective cloud adoption, according to the Infosys Cloud Radar. According to the report's calculations, implementing cloud technology increased companies' potential to find new income streams and accelerate time to market by up to 11.2% YoY. The shares of Infosys are trading at Rs 1,551 per share in today's trading session.

Tech Mahindra: The company said it has engaged with firm Comviva to expand its partnership with Vodafone Germany for the digital transformation of its sales and customer experience processes. The shares of Tech Mahindra have soared by more than 12% on a YTD basis and are trading at Rs 1,122.95 per share.

CE Info Systems: The company announced the launch of its new line of Mappls Gadgets for cars and two-wheelers – including advanced Vehicle GPS trackers, Dash Cameras, In-Dash Navitainment Systems & Smart Helmet Kits. Mappls Gadgets are available direct from the company website, as well as offline through approved genuine accessory showrooms of various OEMs, and can be shipped and installed pan India, with prices ranging from Rs 4,990 to Rs 38,990. CE Info systems shares have delivered more than 11 per cent returns on a YTD basis.

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