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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%)


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 are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 9, 2021 11:37 am

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