1:1 Bonus Share: Mid Cap IT Stock Issues Record Date, Gains 433% In 3-Yrs

Mid cap IT Software company Sonata Software shares gained 6.97% intraday on November 30 as the company fixed December 12, 2023 as the record date for 1:1 bonus share. Last trading price of Sonata Software share BSE is Rs 1359.00 per share. Sonata Software share surged 134% year-to-date and rallied 433% in last 3-years. Check details below:

Sonata Software Issues Record Date For 1:1 Bonus Share: As per the BSE filing of the company generated today (November 30, 2023), "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that Tuesday, 12th December, 2023 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 1/- each for every 1 (One) fully paid-up existing equity share of Rs. 1/- each held, subject to the approval of Members which is being obtained by way of Postal Ballot through remote e-voting."

Sonata Software Dividend: Earlier this year on October 25, 2023, Sonata Software also declared an Interim Dividend of Rs. 7 per share (700% on par value of Rs. 1/-) for the financial year 2023-24. The Record date for the purpose of payment of the Interim Dividend will be on Tuesday, 7th November, 2023.

Sonata Software Stock Outlook & Return: Last trading price of Sonata Software stock is Rs 1359.00 per share. It has a market capitalisation of Rs 19,054.87 crore. Sonata Software stock offered return of 40% in last 6-months, gained 132% in last 1-year, soared 99% in last 2-years, and offered return of 433% in last 3-years. In last 5-years, Sonata Software shares gained 491% and surged 5229% in last 10-years.

Sonata Software Latest Financial Results: The mid cap IT company for the quarter ended September 30, 2023 announced a rise of 10% YoY in its net profit at Rs 124.2 crore from Rs 112.7 crore declared in the corresponding period an year ago, as per the exchange filing. The company announced its total revenue at Rs 1912.6 crore, up 28% against Rs 1496.0 crore declared last fiscal. The company announced a surge of 33% in its EBITDA at operating level to Rs 220.5 crore for the quarter under consideration as compared to Rs 165.7 crore declared in the preceding fiscal.

Sonata Software About: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation^TM approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services and digital transformation services. Founded in 1986, the company has since grown to have a presence in North America, Europe, ANZ and Asia-Pacific, according to its official website.

Disclaimer:

The stock just highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.