Three IT stocks to watch out on 22 February

Coforge, Wipro, Infosys, Mindtree and L&T Infotech were top gainers among Nifty IT index yesterday.

On Monday, Indian equity markets ended on a negative note in the red territory. Frontline indices Nifty 50 and Sensex recorded losses of 0.40 per cent and 0.26 per cent, closing the session at 17,206.70 and 57,683.59 respectively. Nifty IT index ended flat at 34,472.05. Coforge, Wipro, Infosys, Mindtree and L&T Infotech were top gainers. TCS, L&T Technology and Tech Mahindra were among the top losers of the index.

Keep a close eye on these trending IT stocks on Tuesday, 22 February 2022:

Intellect Design Arena – The company has announced that it has recently launched iColumbus.ai, named after the pioneer whose discoveries eventually opened up the world to truly global international trade. iColumbus.ai is on a mission to disrupt the way that trade business is conducted today, helping banks differentiate themselves through digitalisation, enhance operational resilience and champion sustainability.

Columbus.ai is an artificial intelligence (AI) powerhouse for trade finance, enabling the extraction, validation, remediation and enrichment of machine-readable data whilst radically reducing the time, cost and risk traditionally associated with manual compliance checks.

Tata Consultancy Services – The company has informed the exchange that it has launched the TCS Sydney Digital Garage, Powered by TCS Pace™, an innovation and digital collaboration centre bringing the company’s global capabilities to the Australian market. The digital garage is the first such centre in Asia-Pacific, expanding TCS’ roster of TCS Pace facilities spread across New York, Pittsburg, Amsterdam, and Tokyo.

The TCS Sydney Digital Garage provides access to the TCS global ecosystem of academia, start-ups, and technology providers. TCS will be working with its hyper-scale partners at the digital garage to develop digital solutions at scale, helping customers accessing the innovation centre innovate at speed and scale.

Infosys – The company has joined Guidewire PartnerConnect as a consulting alliance member at the select level for the Americas. The company’s Guidewire practice provides cloud and system integration services for Guidewire Insurance Suite products, factoring in the complexities of seamless syncing with other digital portals, and third-party applications.

Infosys intends to continue the expansion of its Guidewire Center of Excellence, which includes insurance domain experts and Guidewire-certified professionals, through investment in training and certification.

Keep a close eye on these counters on Tuesday, 22 February 2022.

Also read: Chart Busters: Top trading set-ups to watch for Tuesday