Three IT stocks to watch out for on 29 March

TCS has been recognized with the ‘Best Indian Investment in France Award’ by the Indo-French Chamber of Commerce & Industry (IFCCI).

Yesterday, domestic equity markets indices Nifty 50 and Sensex broke their 3-day losing streak, closing with gains of 0.44% each. Nifty IT index ended the session at 36,026.05, down by 0.35%. Top losers of the index include Coforge, L&T Infotech, HCL Technologies and Mindtree.

Keep a close eye on these trending IT stocks on Tuesday, 29 March 2022:

Aurionpro Solutions – Aurionpro Fintech Inc, a subsidiary of the company based in the US, has recently announced an order win from one of the largest payment facilitators in the US offering merchant payment services in the insurance financing segment. The scope of the order covers platform upgradation, maintenance and support and also the managed services for AWS cloud infrastructure. The contract is for a tenure of 12 months and is valued at USD 3 million (i.e. approximately Rs 23 crore) spread monthly over the tenure of the contract.
 

Info Edge (India) – The company has recently announced that it has invested Rs 140 crore in Allcheckdeals India Pvt. Ltd. (ACD), a wholly-owned subsidiary of the company. ACD is engaged in the business of brokerage services in the real estate sector in India. The said investment is to further strengthen the subsidiary financially for it to pursue its strategy of developing services with the use of technology and innovative business models in the large-sized and rapidly growing real estate vertical through organic or inorganic channels.

To quote from a press release filed by the company with the bourses, “This (investment) would enhance value of the company's investments on the one hand and on the other, it will boost synergies with the company’s operating business in the same vertical.”

Tata Consultancy Services – The company has been recognized with the ‘Best Indian Investment in France Award’ by the Indo-French Chamber of Commerce & Industry (IFCCI). The company has established its operations in France in 1992 and has strengthened its position not only as an IT services company but also as an ambassador for a technology-driven future. TCS works with over 80 leading French corporations, including 20 of the CAC40 including PSA, Engie, Total, BNPP, Société Générale, Sodexo, and Alcatel Lucent.

TCS was ranked No 1 in customer satisfaction in France and Europe, by CxOs of the largest IT spending enterprises in a study by Whitelane research. In addition, it was recognized as the No 1 Top Employer in France two times in a row by the Top Employers Institute.

Watch out for these counters on Tuesday, 29 March 2022.

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