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Sonata Software Gains 5%; BSE IT Index Up 2.0%
Wed, 23 Oct 16:46

Sonata Software Gains 5%; BSE IT Index Up 2.0%Image source: DNY59/www.istockphoto.com

Sonata Software share price has zoomed 5% and is presently trading at Rs 609.0.

Meanwhile, the BSE IT index is at 42,200.1 (up 2.0%).

Among the top gainers in the BSE IT index today are Coforge (up 11.0%) and PERSISTENT SYSTEMS (up 10.9%).

KPIT TECHNOLOGIES (down 2.9%) and TANLA SOLUTIONS (down 2.3%) are among the top losers today.

Over the last one year, Sonata Software has moved up from Rs 538.6 to Rs 609.0, registering a gain of Rs 70.4 (up 13.1%).

On the other hand, the BSE IT index has moved up from 31,255.0 to 42,200.1, registering a gain of 35.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.2%), Firstsource Solutions (up 113.0%) and PERSISTENT SYSTEMS (up 96.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,082.0 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 3.0%) and Sun Pharma (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,436.0 (down 0.2%). M&M and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,082.0, registering a gain of 15,510.1 points (up 24.0%).

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 58.1.


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