Buy Sonata Software; target of Rs 1050: Anand Rathi

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Anand Rathi's research report on Sonata Software

Sonata delivered $53.4m IT Services Q3 revenue, up 5.5% q/q (organic est.), 21% y/y, accelerating from Q2. Net hiring was 175, utilisation went up to 90% on supply crunch. Q3 Services revenue was driven by demand in the CPG/Retail and OPD/ISV verticals, Sonata’s strongholds. The Domestic business ($198m, up 32% y/y) continues to shine. IT Services margins were flattish q/q, adj. for forex, and after absorbing Q3 wage rises.

Outlook
We, however, trim FY22e/23e profit ~5%/4%, easing expectations of margin expansion and slower recovery in Travel. We revise our target to Rs.1,050 (from Rs.1,070), 21x FY24 EPS.

More Info

At 16:00 hrs Sonata Software was quoting at Rs 819.80, down Rs 39.70, or 4.62 percent.

It has touched an intraday high of Rs 875.00 and an intraday low of Rs 786.35.

It was trading with volumes of 20,705 shares, compared to its thirty day average of 15,706 shares, an increase of 31.83 percent.

In the previous trading session, the share closed down 0.81 percent or Rs 7.00 at Rs 859.50.

The share touched its 52-week high Rs 1,030.00 and 52-week low Rs 353.95 on 20 October, 2021 and 01 February, 2021, respectively.

Currently, it is trading 20.41 percent below its 52-week high and 131.61 percent above its 52-week low.

Market capitalisation stands at Rs 8,620.96 crore.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.

Read More