Is Sonata Software a good investment?
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Is Sonata Software a good investment?
Investment Rationale The brokerage maintains BUY rating on Sonata, following strong growth of 11\% QoQ (~5\% organic) in the IT services segment (IITS) and better margin performance. Revenue from Microsoft related services (~50\% of IITS) is driving growth (+10.6\% QoQ), which is further expected to come in high teens.
Is Sonata Software a multibagger?
Shares of IT services provider Sonata Software have given multibagger return this year so far as the stock has surged over 120\% in 2021 (year-to-date) whereas it is up around 152\% in a year’s period. From ₹394 per share level in early January, the multibagger stock currently trades around ₹870 apiece.
Who owns Sonata?
Sonata Software
| Type | Public BSE: 532221NSE: SONATSOFTW |
|---|---|
| Founded | 1986 |
| Headquarters | Bengaluru |
| Key people | P. Srikar Reddy (MD & CEO)(Feb 14, 2012–Present) |
| Revenue | $422 million (2019) |
Who are the promoters of Sonata Software?
The Company’s promoters viz. S B Ghia P Srikar Reddy and Radhika Rajan have acquired the stake in SSL. Sonataa division of IOCL was later spun off as an independent company namely Sonata Software Ltd in October 1994 for a consideration of Rs 8.14 crs.
Is Sonata Software a product based company?
Sonata Software started off as a product company in the fledgling days of the Indian IT industry, Sonata has had a history of innovation. Sonata believes in blending innovation with software engineering and a successful Global Delivery Model that complements its mission of ‘Think Customer.
Who are Sonata Software promoters?
Is Sonata Software a Fortune 500 company?
Sonata Software – Fortune 500 List 2018 – Fortune India.
Who is the founder of Sonata Software?
Srikar Reddy | Sonata Software.