Hold Sonata Software: target of Rs 915: ICICI Direct
ICICI Direct recommended hold rating on Sonata Software with a target price of Rs 915 in its research report dated August 05, 2021.
August 09, 2021 / 11:37 AM IST
ICICI Direct's research report on Sonata Software
Sonata Software (Sonata) offers IT services (30%) and product licensing & deployment (70%). The company provides IT services to travel, retail, agri & commodities, manufacturing and software vendors Net debt free and healthy double digit return ratio (with RoCE of >30%)
However, we downgrade the stock from BUY to HOLD We value Sonata at Rs 915 i.e. 21x P/E on FY23E EPS
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.