Sonata Software Hits 52-Week High After Declaring Healthy Q2, Dividend, & Bonus Issue

Sonata Software shares hit fresh 52-week high in trade on Friday as Sensex gained 583 points to 63,731 till 11:28 am. Sonata Software stock witnessed nearly 4% surge yesterday when BSE Sensex tanked nearly 900 points. Sonata Software stock has been witnessing strong rally ever since the company declared robust quarterly performance, interim dividend of Rs 7/share, and bonus issue in the ratio of 1:1 implying shareholders will get 1 free share for every 1 share held as on the record date. Current market price of Sonata Software share on BSE is Rs 1159.95 per share with intraday surge of 2.32%/. Sonata Software shares offered a rally of 100% year-to-date (YTD) to shareholders thus nearly doubling their investment. Check key details below about the company that occurred in just last few days:

Sonata Software Stock Performance & Return: Current market price of Sonata Software stock is Rs 1159.95 per share. Its market capitalisation is Rs 16,263.94 crore. Sonata Software shares gave return of 38% in last 6-months, soared 122% in last 1-year, and offered return of 344% in last 3-years. In last 5-years, Sonata Software stock surged 462% and skyrocketed 5031% in last 10-years.

Sonata Software Declares Rs 7 Per Share Interim Dividend: According to the BSE filing of the company dated October 25, 2023, "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. The Interim Dividend will be paid to the registered shareholders on or after Wednesday, 22nd November, 2023 through Electronic mode or by dividend warrants, as applicable."

Sonata Software Approves 1:1 Bonus Share: As per the exchange filing of the company issued on October 25, "Considered, approved and recommended a bonus issue of 1 (one) equity share for every 1 (one) equity share held by the Shareholders of the Company as on the record date. The bonus issue of equity shares will be subject to approval by the Shareholders through Postal Ballot, and any other applicable statutory and regulatory approvals. The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted."

Sonata Software June-Sept 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.

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The stock just highlights the dividend, 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.