Three IT stocks to watch out on 15 February 2022

BSE IT index is trading at 34,102.61 levels with gains of 1.31%. 

On Tuesday, Indian equity markets opened on a buoyant note. Nifty 50 and Sensex are trading in the green at 16,969.50 and 56,871.57, respectively with gains of 0.75% and 0.83%. BSE IT index is trading at 34,102.61 levels with gains of 1.31%. Top gainers of the index include Tanla Platforms, Black Box, R Systems International, and Coforge.  

Here are three IT stocks that should be on investors’ radar on 15 February 2022: 

Tata Consultancy Services – The company has recently announced that it has been named a large player in Forrester’s ‘Now Tech: Global Adobe Implementation Services’, Q1 2022, and a midsize player in ‘Now Tech: Adobe Implementation Services’ in the Asia Pacific, Q1 2022.

TCS is a platinum-level Adobe solution partner with over 2,000 credentials across Adobe solutions and offers comprehensive solutions across the entire Adobe Experience Cloud. Their growing pools of certified consultants have led over 400 transformation engagements for customers across industries.

Honeywell Automation – The company has announced financials for the quarter ended December 31, 2021. They reported a total income of Rs 874.29 crores during Q3FY22, down by 3.14% as compared to Rs 902.61 crore during the period ended December 31, 2020. The company posted a net profit of Rs 89.73 crore for the period ended December 31, 2021, which declined by 40.13% as against the net profit of Rs 149.89 crore for the period ended December 31, 2020. Shares of the company have plunged 6.90% in the last two trading sessions.

Ramco Systems - The company recently announced financial results for Q3FY22. Business highlights for the quarter are as follows:

1)Quarterly order bookings stood at USD 13.55 million.

2)2 'Million-Dollar-Plus' deals signed.

3)Ramco Australia Payroll compliant with Single Touch Payroll Expanded Data (STP Phase 2).

4)Focus on Digital Transformation for large conglomerates.

5)Virtual implementations become the 'new normal' resulting in quicker go-lives, globally.

Commenting on the same, P.R. Venketrama Raja, Chairman, Ramco Systems has said, “At Ramco we are now getting ready for the next phase of our growth. With a promising leadership team, our focus will be attracting and retaining the brightest minds in the industry. Our pipeline continues to be strong and growing."