Sonata Software share price has plunged 7% and is presently trading at Rs 684.5.
Meanwhile, the BSE IT index is at 41,523.9 (down 0.4%).
Among the top losers in the BSE IT index today are Birlasoft (down 3.5%) and INDIAMART INTERMESH (down 3.3%).
Firstsource Solutions (up 9.6%) and Eclerx Services (up 1.4%) are among the top gainers today.
Over the last one year, Sonata Software has moved up from Rs 527.8 to Rs 684.5, registering a gain of Rs 156.8 (up 29.7%).
On the other hand, the BSE IT index has moved up from 30,276.6 to 41,523.9, registering a gain of 37.1% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 183.7%), Firstsource Solutions (up 107.3%) and INFIBEAM AVENUES (up 103.3%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,804.0 (up 0.1%).
The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.1%) and NTPC (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,990.6 (up 0.2%). Coal India and Power Grid Corp. are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,804.0, registering a gain of 15,276.3 points (up 23.0%).
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 65.3.
Equitymaster requests your view! Post a comment on "Sonata Software Plunges 7%; BSE IT Index Down 0.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!