700% Dividend: This Small Cap IT Stock Will Trade Ex-Bonus Soon, Stock Trades At New 52 Week High Today

Small Cap IT Stock Sonata Software Ltd will trade ex-bonus soon. Earlier, the company had considered and approved bonus shares in the proportion of 1:1. Sonata Software had set December 12, 2023 as the record date for bonus issue. In today's intraday trading session, the share price of Sonata Software Ltd traded at a new 52-week high value 1485.30. Before this, the stock traded at a new 52-week high value of 1418.95 on December 4.

Sonata Software stock price was almost flat at Rs 1460.75 at 11:10 am IST. At this price, the company has a market cap of Rs 20,481.53 crore. In this year so far, the stock has gained almost 152%. 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.

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. We request you to kindly take the above information on record."

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 Stock Price Performance And Return:

The stock has a 52-week high and 52-week low price of Rs 1,485.30 and Rs 522.05 per share, respectively. Sonata Software shares have gained almost 15% in last 1 week, surged 146.16% in last 1-year, jumped 136.74% in last 2-years, and delivered a return of 466.49% to shareholders in last three years.

Sonata Software Financials:

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.