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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
 
 
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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%)


Outlook


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


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first published: Aug 9, 2021 11:37 am

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