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Sonata Software Gains 5%; BSE IT Index Up 0.3%
Thu, 29 Aug 12:49

Sonata Software Gains 5%; BSE IT Index Up 0.3%Image source: peterschreiber.media/www.istockphoto.com

Sonata Software share price has zoomed 5% and is presently trading at Rs 656.5.

Meanwhile, the BSE IT index is at 43,343.0 (up 0.3%).

Among the top gainers in the BSE IT index today are Birlasoft (up 2.1%) and Firstsource Solutions (up 2.1%).

TANLA SOLUTIONS (down 2.9%) and Tata Elxsi (down 2.5%) are among the top losers today.

Over the last one year, Sonata Software has moved up from Rs 510.1 to Rs 656.5, registering a gain of Rs 146.4 (up 28.7%).

On the other hand, the BSE IT index has moved up from 31,145.7 to 43,343.0, registering a gain of 39.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.0%), INFIBEAM AVENUES (up 120.9%) and PERSISTENT SYSTEMS (up 98.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,194.9 (up 0.5%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.3%) and Bajaj Finserv (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,163.0 (up 0.4%). Bajaj Finance and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 82,194.9, registering a gain of 17,198.3 points (up 26.5%).

Sonata Software Financial Update...

Sonata Software net profit fell 12.1% YoY to Rs 1,056 million for the quarter ended June 2024, compared to a profit of Rs 1,201 million a year ago. Net sales rose 25.4% to Rs 25,274 million during the period as against Rs 20,155 million in April-June 2023.

For the year ended March 2024, Sonata Software reported 31.7% decrease in net profit to Rs 3,085 million compared to net profit of Rs 4,519 million during FY23. Revenue of the company grew 15.6% to Rs 86,131 million during FY24.

The current Price to earnings ratio of Sonata Software, based on rolling 12 month earnings, stands at 62.6.


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