Sonata Software share price has zoomed 8% and is presently trading at Rs 735.0.
Meanwhile, the BSE IT index is at 41,028.4 (up 0.2%).
Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 4.1%) and ROUTE MOBILE (up 3.6%).
Mphasis (down 1.9%) and Birlasoft (down 0.9%) are among the top losers today.
Over the last one year, Sonata Software has moved up from Rs 520.3 to Rs 735.0, registering a gain of Rs 214.7 (up 41.3%).
On the other hand, the BSE IT index has moved up from 30,124.1 to 41,028.4, registering a gain of 36.2% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 189.2%), PERSISTENT SYSTEMS (up 102.1%) and INFIBEAM AVENUES (up 94.0%).
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The BSE Sensex is at 80,148.9 (down 0.3%).
The top losers among the BSE Sensex today are Bajaj Finserv (down 2.4%) and Bajaj Finance (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,413.5 (down 0.3%). Bajaj Finserv and Tata Consumer Products are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,148.9, registering a gain of 13,764.1 points (up 20.7%).
Sonata Software net profit fell 3.0% YoY to Rs 1,104 million for the quarter ended March 2024, compared to a profit of Rs 1,138 million a year ago. Net sales rose 14.5% to Rs 21,916 million during the period as against Rs 19,135 million in January-March 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 66.8.
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