Three IT stocks to watch out for on 8 March

Wipro has announced the appointment of Turki Bin Nader as General Manager and Country Head for the Kingdom of Saudi Arabia (KSA), one of Wipro’s key focus markets in the Middle East region.

On Tuesday, at 9:30 am headline indices Nifty 50 and Sensex are trading flat at 15,857.20 and 52,861.75, respectively.

Keep a close eye on these trending IT stocks on Tuesday, 8 March 2022:

Infosys – The company has recently announced its collaboration with Telenor Norway, Telenor’s wholly-owned Norwegian telecommunications operator, to successfully transform its finance and supply chain operations. In collaboration with Telenor Norway’s Business & IT teams, Infosys has implemented a future-proof, standardized Oracle Cloud ERP solution to help migrate from a legacy ERP system to enhance business agility and operational efficiency. The solution has been implemented across 10 Telenor entities in a record time of 9 months including modules like R2R (Record to Report), A2R (Acquire to Retire), P2P (Procure to Pay), O2C (Order to Cash) etc.

Tata Consultancy Services – The company has recently been positioned as a Leader in the Everest Group PEAK Matrix® for Mortgage Operations. TCS has over two decades of experience in managing end-to-end mortgage business operations leveraging best-in-class technology solutions. It serves more than 45 clients, including top global banks and non-banking lenders, and has a significant strategic presence in every segment within the mortgage ecosystem. TCS supports over 280 lending processes across the loan lifecycle, including origination, active servicing, and default servicing, and manages the entire value chain of cognitive operations for residential mortgage and loan operations for clients across the world.

Wipro – The company has recently announced the appointment of Turki Bin Nader as General Manager and Country Head for the Kingdom of Saudi Arabia (KSA), one of Wipro’s key focus markets in the Middle East region. Turki will focus on Wipro’s vision for business growth, revenue expansion, client and influencer relationships, talent development and brand building in the region. He will also strengthen Wipro’s presence across the key industry sectors in KSA through strategic transformational engagements.

Keep a close eye on these counters on Tuesday, 8 March 2022.

Also read: Stocks to Buy Today: March 08 2022 - ONGC, GNFC, Hindalco