Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sonata Software Plunges 3%; BSE IT Index Down 0.2%
Mon, 9 Sep 9:59

Sonata Software Plunges 3%; BSE IT Index Down 0.2%Image source: KanawatTH/www.istockphoto.com

Sonata Software share price has plunged 3% and is presently trading at Rs 668.2.

Meanwhile, the BSE IT index is at 42,758.2 (down 0.2%).

Among the top losers in the BSE IT index today are ZENSAR TECHNOLOGIES (down 2.0%) and CYIENT (down 1.9%).

INDIAMART INTERMESH (up 2.3%) and Oracle Financial Services (up 0.4%) are among the top gainers today.

Over the last one year, Sonata Software has moved up from Rs 544.5 to Rs 668.2, registering a gain of Rs 123.8 (up 22.7%).

On the other hand, the BSE IT index has moved up from 32,669.9 to 42,758.2, registering a gain of 30.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 159.4%), INFIBEAM AVENUES (up 96.8%) and Firstsource Solutions (up 85.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,180.3 .

The top losers among the BSE Sensex today are NTPC (down 1.4%) and MUNDRA PORT & SEZ (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,838.4 (down 0.1%). ONGC and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,180.3, registering a gain of 15,400.1 points (up 23.4%).

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 63.7.


Equitymaster requests your view! Post a comment on "Sonata Software Plunges 3%; BSE IT Index Down 0.2%". Click here!