Feb 8, 2022
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The Silicon Review, Trenton, New Jersey. 200,654 likes · 259 talking about this · 112 were here. The Silicon Review is the world’s most trusted online and print community for business professionals....
Is Sonata Software a Long Term Leader A Good Buy
Sonata Software stock is worth watching as the stock is forming a 6-week, 13% deep Flat Base. The current price is only 5% away from its ideal buy price of INR 634. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 15.55% away from the 10-week moving average.
In the last twelve months, Sonata Software has rallied nearly 189.4% as compared to 59.6% for the Nifty500. It has a Relative Strength Rating of 84. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last few weeks. The overall long term trend of the line is also trending upward. If Sonata Software can maintain this outperformance, it could make sense as a CANSLIM trade.
Another key part of the jigsaw is institutional sponsorship. Sonata Software has an Accumulation/Distribution Rating of 'A'. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Sonata Software has an excellent EPS Rank of 80, which indicates consistency in earnings. The earnings and sales for the stock have grown by 7% and 22%, respectively over the past three years. Its 3-years earnings stability is 10, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 13% and 17%, respectively. The 5-years earnings stability is 10. The return on equity for the last reported year is 31%.
The stock belongs to industry group of Computer-Tech Services. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 75. The current price of Sonata Software is 2% off from its 52-week high price and 241% above it 52-week low price.
The stock appears on our idea lists: Trend Template - 5 Months.
Read more Indian share market tips, ideas at www.marketsmithindia.com
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
Sonata Software net up 18% in Q3
Sonata Software net up 18% in Q3
Bengaluru, Jan 24 (IANS) Leading IT services and technology solutions firm Sonata Software on Friday reported Rs 76 crore consolidated net profit for the third quarter of 2019-20, registering 18 per cent annual growth from Rs 64 crore in the same period last year
In a regulatory filing on the BSE, the city-based software firm said consolidated revenue for the quarter under review (Q3) grew 47 per…
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Sonata Software has signed a definitive agreement to acquire US-headquartered Sopris Systems. The acquired company is a Microsoft Dynamics 365, Enterprise partner specializing in helping project-centric and field services companies improve business performance.
Sonata Software has signed a definitive agreement to acquire US-headquartered Sopris Systems. The acquired company is a Microsoft Dynamics 365, Enterprise partner specializing in helping project-centric and field services companies improve business performance.
Sonata Software is a global IT solutions firm focused on catalyzing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers innovative solutions for Travel, Retail & Distribution and Software Product companies through IP based Platforms, Products and Services. Sonata’s solutions bring together new digital technologies such as Omnichannel commerce, Mobility, Analytics, Cloud and ERP, to drive enhanced customer engagement, operations efficiency and return on IT investments.
Sonata Software is a software company which provides travel IT solution, Retail and distribution solutions and ISV solutions. They also help in implementation and customization of SAP Hybris and Microsoft Dynamics 365
Services at every step of your e-commerce journey
Sonata Software solutions help enterprises to innovate faster and sell more. Hybris solution is the digital transformation for world’s leading leisure travel company. Sonata software is the most innovate partner of SAP Hybris and a winner of SAP Pinnacle Award.