SONATA SOFTWARE at All Time High; BSE IT Index Up 1.3%
April 8, 2021 09:52 AM

SONATA SOFTWARE share price has hit an all-time high at Rs 597 (up 4.6%).

Meanwhile, the BSE IT Index is at 28,033 (up 1.3%).

Among the top gainers in the BSE IT Index today are SONATA SOFTWARE (up 4.6%) and L&T INFOTECH (up 0.8%).

HEXAWARE TECHNOLOGIES and FIRSTSOURCE SOLUTIONS (down 0.1%) are among the top losers today.

Over the last one year, SONATA SOFTWARE has moved up from Rs 171 to Rs 597, registering a gain of Rs 426 (up 249.7%).

The BSE IT has moved up from 12,716 to 28,033, registering a gain of 15,317 points (up 120.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 1055.8%), TATA ELXSI (up 364.1%) and FIRSTSOURCE SOLUTIONS (up 326.5%).

What About the Benchmark Indices?

The BSE Sensex is at 50,062 (up 0.7%). The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 2.0%), BAJAJ FINSERV (up 1.7%) and TCS (up 1.6%). Other gainers include TATA STEEL (up 1.6%) and HDFC (up 1.5%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 14,939 (up 0.7%). The top gainers in the NSE Nifty include HINDALCO (up 2.7%), TATA MOTORS (up 2.2%) and TECH MAHINDRA (up 2.0%). Other gainers include TATA STEEL (up 1.7%) and BAJAJ FINSERV (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 30,067 to 50,062, registering a gain of 19,995 points (up 66.3%).

SONATA SOFTWARE Financial Update...

SONATA SOFTWARE net profit down at Rs 538 million for the quarter ended December 2020, compared to a loss of Rs 759 million a year ago. Net Sales rose 12.9% to Rs 14.0 billion during the period as against Rs 12.4 billion in October-December 2019.

For the year ended March 2020, SONATA SOFTWARE reported 12.5% increase in net profit to Rs 2.8 billion compared to net profit of Rs 2.5 billion during FY19.

Revenue of the company grew 26.4% to Rs 37 billion during FY20.

The current Price to earnings ratio of SONATA SOFTWARE, based on rolling 12 month earnings, stands at 27.9x.