SONATA SOFTWARE at All Time High; BSE IT Index Up 0.3%
September 19, 2018 10:15 AM

SONATA SOFTWARE share price has hit an all-time high at Rs 429 (up 3.4%).

Meanwhile, the BSE IT Index is at 15,717 (up 0.3%).

Among the top gainers in the BSE IT Index today are SONATA SOFTWARE (up 3.4%) and ORACLE FINANCIAL SERVICES (up 2.0%).

CYIENT LTD (down 0.1%) and INFIBEAM INCORPORATION (down 0.3%) are among the top losers today.

Over the last one year, SONATA SOFTWARE has moved up from Rs 155 to Rs 429, registering a gain of Rs 273 (up 169.5%).

The BSE IT has moved up from 10,111 to 15,717, registering a gain of 5,606 points (up 54.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were SONATA SOFTWARE (up 169.5%), NIIT TECHNOLOGIES (up 159.9%) and L&T INFOTECH LTD (up 143.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,531 (up 0.2%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.4%), COAL INDIA (up 2.1%) and AXIS BANK (up 1.8%). Other gainers include TATA STEEL (up 1.7%) and BAJAJ AUTO (up 1.2%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 11,329 (up 0.2%). The top gainers in the NSE Nifty include TATA STEEL (up 2.3%), BPCL (up 2.2%) and HINDALCO (up 2.0%). Other gainers include AXIS BANK (up 2.0%) and ONGC (up 1.9%).

Over the last 12 months, the BSE Sensex has moved up from 32,424 to 37,531, registering a gain of 5,107 points (up 15.2%).

SONATA SOFTWARE Financial Update...

SONATA SOFTWARE net profit stood at Rs 574 million for the quarter ended June 2018, compared to a profit of Rs 493 million a year ago. Net Sales declined 10.2% to Rs 6.9 billion during the period as against Rs 7.7 billion in April-June 2017.

For the year ended March 2018, SONATA SOFTWARE reported 28.0% increase in net profit to Rs 1.9 billion compared to net profit of Rs 1.5 billion during FY17.

Revenue of the company grew 3.5% to Rs 25 billion during FY18.

The current Price to earnings ratio of SONATA SOFTWARE, based on rolling 12 month earnings, stands at 21.0x.