Exit Sonata Software: Puneet Kinra

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Exit Sonata Software: Puneet Kinra

Puneet Kinra of Bonanza Portfolio advises to exit Sonata Software.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Puneet Kinra See what other Experts & Brokerages are saying about Sonata See messages about Sonata

Puneet Kinra of Bonanza Portfolio advises to exit Sonata Software .

Kinra told CNBC-Awaaz, "Investors should exit Sonata Software at Rs 33-30. The stock is looking weak on chart; it has resistance at Rs 33-30. It may go down to Rs 24 in coming days."

The company's trailing 12-month (TTM) EPS was at Rs 4.47 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 6.02. The latest book value of the company is Rs 29.85 per share. At current value, the price-to-book value of the company was 0.9. The dividend yield of the company was 7.43%.