Three IT stocks to watch out for on May 24
The benchmark indices Nifty 50 and Sensex are trading flat today, as the global markets were also trading sober after rising almost 2% yesterday.
Sensex was trading at 54,187.56, down by 0.19%, and the Nifty 50 was trading at 16,162.6, down by 0.32%. Nifty IT index is at 28,546.80, down by 1.83%, whereas BSE IT is trading at 29,094.76, down by 1.51%. Top gainers in the BSE IT sector today are Brightcom Group, eClerx Services ALLSEC Technologies, Tata Elxsi, and Aurum Proptech.
Keep a close eye on these trending IT stocks on Tuesday, 24 May 2022:
HCL Technologies Limited - HCL Group and UNLEASH, a global innovation programme for the UN Sustainable Development Goals (SDGs), have announced a year-long collaboration to mobilise youth and develop innovative solutions to promote aquatic ecosystem conservation. These solutions will aim to tackle challenges from source (mountains and glaciers) to sink (oceans and seas) and their links to terrestrial ecosystems, according to a statement. UNLEASH and HCL will collaborate to establish a year of youth-led action. The shares of HCL Technologies were at Rs 1000.3, down by 1.75% on the BSE.
Wipro Limited – IT major Wipro has launched its innovation studio Austin in Texas, US. Wipro said that the new centre, spread over 40,000 square feet, will create hundreds of jobs locally. Wipro's innovation studio is designed to be a collaborative space of 36 huddle rooms, 12 conference rooms and 330 individual think spaces, energising community spaces and areas for focused collaboration. The shares of Wipro were trading lower by 1.17%, on the BSE.
Infosys Limited: Infosys a global leader in next-generation digital services and consulting, has announced that it has been selected by Backcountry, a premier online retailer of outdoor gear and apparel, to deliver a seamless and secure digital experience making it even easier for customers to pursue outdoor passions. Backcountry also uses Google Cloud to fuel its data-driven transformation and help optimize business outcomes with analytics and real-time insights. As the spring and summer seasons ramp up and more consumers embrace outdoor activities, Backcountry will be prepared for a surge of activity with its agile, cloud-driven business model and ability to identify security risks proactively – preventing any disruption to operations and strengthening the protection of customer data. The scrip of the IT company was down by 1.82%, on the BSE today.
Watch out for the above-mentioned scrips today.
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Start Investing Now!
Open Free Demat Account in 5 mins