447% Returns In 3 Years: This Small Cap IT Stock Will Trade Ex-Bonus Tomorrow, Check Details

Small Cap IT Stock Sonata Software Ltd will trade ex-bonus on Tuesday (December 12). The company has earlier considered and approved bonus shares in the proportion of 1:1 for eligible shareholders and set December 12, 2023, as the record date for bonus issue.

Sonata Software shares last closed 1.71% lower at Rs 1416.05 per share on Friday. At this price, the company has a market cap of Rs 19,854.78 crore. The stock has a 52 Wk High and 52 Wk Low of Rs 1,485.30 and Rs 522.05 respectively.

The share price of Sonata Software Ltd traded at a new 52-week high value of 1485.30 on December 6, 2023. Before this, the stock traded at new 52-week high values for two consecutive days December 4 and December 5 at 1418.95 and 1470.00 respectively.

Sonata Software: 1:1 Bonus Issue

In an exchange filing on November 30, the company said, "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 Stock price performance:

In this year so far, the stock has gained almost 144.36%. Sonata Software is a multi-bagger stock when it comes to the returns delivered by the stock in the last 1 year, 2 years, or the last 3 years. Earlier, in October this year, the IT company had declared an interim dividend of Rs 7/share (700% on par value of Rs 1/-) for the FY 2023-24.
In the last one year, the returns from Sonata Software shares have gained 139.20%, while in the last two years, the stock has gained 127.75%. The share price of Sonata Software Ltd has delivered 447.41% returns in the last three years.

700% Interim Dividend:

Sonata Software earlier declared an Interim Dividend of Rs. 7 per share (700% on par value of Rs. 1/-) for the financial year 2023-24. According to Trendlyne data, Sonata Software Ltd. has announced 48 dividends since Nov. 27, 2000.

Sonata Software Q2 Results:

For the quarter ended September 30, 2023, the company declared a 10% YoY jump in its net profit at Rs 124.2 crore compared to Rs 112.7 crore in the prior corresponding period. The company's total revenue stood at Rs 1912.6 crore, up 28% compared to last fiscal. During this period, the EBITDA of the company surged 33% at operating level to Rs 220.5 crore.

What Does Sonata Software do?

Sonata Software is a leading Modernization Engineering company, powered by its unique Platformation^TM framework that brings together industry expertise, platform technology excellence, design innovation, and strategic engagement models to deliver sustained value to customers. The company partners with Fortune 500 clients to help them reimagine their business processes as part of modernization programs. Sonata Software is a trusted partner of world-leading companies in TMT, Retail & CPG.