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Hold Sonata Software; target of Rs 770: ICICI Direct

ICICI Direct recommended hold rating on Sonata Software with a target price of Rs 770 in its research report dated July 28, 2022.

July 29, 2022 / 06:58 PM 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 and manufacturing and software vendors • Net debt free and healthy double digit return ratio (with RoCE of >30%).


Outlook


We revised rating to HOLD from BUY on the stock. We value Sonata at Rs 770 i.e. 17x P/E on FY24E EPS.


For all recommendations report, click here

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Sonata Software - 280722 - icici

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first published: Jul 29, 2022 06:58 pm
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