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Sonata Software Plunges 4%; BSE IT Index Up 1.3%
Mon, 11 Nov 13:6

Sonata Software Plunges 4%; BSE IT Index Up 1.3%Image source: bluebay2014/www.istockphoto.com

Sonata Software share price has plunged 4% and is presently trading at Rs 592.0.

Meanwhile, the BSE IT index is at 42,502.5 (up 1.3%).

Among the top losers in the BSE IT index today are Tata Elxsi (down 3.6%) and Firstsource Solutions (down 1.7%).

Eclerx Services (up 4.3%) and Oracle Financial Services (up 3.6%) are among the top gainers today.

Over the last one year, Sonata Software has moved down from Rs 630.2 to Rs 592.0, registering a loss of Rs 38.3 (down 6.1%).

On the other hand, the BSE IT index has moved up from 31,601.8 to 42,502.5, registering a gain of 34.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 200.9%), Firstsource Solutions (up 128.0%) and PERSISTENT SYSTEMS (up 83.7%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,789.9 (up 0.4%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 4.6%) and Tata Motors (up 2.0%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,233.9 (up 0.4%). Power Grid Corp. and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,789.9, registering a gain of 14,847.5 points (up 22.9%).

Sonata Software Financial Update...

Sonata Software net profit fell 14.2% YoY to Rs 1,065 million for the quarter ended September 2024, compared to a profit of Rs 1,242 million a year ago. Net sales rose 13.5% to Rs 21,698 million during the period as against Rs 19,126 million in July-September 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 60.1.


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