Buy Sonata Software, target of Rs 44: Parag Parikh

7268 Investors following Sonata. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Sonata Software, target of Rs 44: Parag Parikh

Parag Parikh Financial Advisory Services has maintained its buy rating on Sonata Software with a target of Rs 44. Factoring the robust Q2 results and the changed currency scenario, the research firm's are increasing their earnings estimate for FY09 from Rs 6.25 to Rs 7.25 per share.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy HDFC Bank, target of Rs 1435: Karvy Reduce Ambuja Cements: Angel Broking Buy Indo Tech Transformers, target of Rs 280: PINC Buy Tech Mahindra; target Rs 990: Emkay Global Accumulate Satyam; target Rs 483: Emkay Global ALSO READ See previous views by Parag Parikh Financial Advisory Services See what other Experts & Brokerages are saying about Sonata See messages about Sonata Sonata BSE | NSE 28/05/12 Are Mutual Funds betting on Sonata?

Parag Parikh Financial Advisory Services has maintained its buy rating on Sonata Software with a target of Rs 44 in its October 15, 2008 research report. "Sonata Software has reported extremely good results for the 2nd quarter of FY09. Overall, the results have increased our confidence on the company. Factoring the robust Q2 results and the changed currency scenario, we are increasing our earnings estimate for FY09 from Rs 6.25 to Rs 7.25 per share. We maintain our BUY call on the scrip, with a target of Rs 44 based on 6x FY09E (117% Upside)," says Parag Parikh Financial Advisory Services' research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment......