Buy : Sonata software
Reco Price : 37
Target : 58
Returns : 50%
Time : 5-6 months
This stock is in a upmove recommended at Rs 37 in our free sms community ( Marketbits ). And Today this stock moved up more than 8% trading above 39. Rising rupee is a strong motivator of this stock. Defenitely this stock will earn good returns in future as the fundamendal of the stock is strong.
Please read about the overview of the company before getting into the stock
About Sonata Software
Sonata Software, headquartered in Bangalore, India, is a leading IT Consulting and Services company. Sonata's customers span across the US, Europe and Asia-Pacific. Its portfolio of services include IT Consulting, Application Development, Application Management, Managed Testing, Business Intelligence, Infrastructure Management and Outsourced Product Development. Sonata is listed on the Indian Stock Exchanges and is SEI CMM Level 5 certified.
Sonata's strength lies in leveraging innovation and a global onsite-offshore delivery model to provide the best Return on Investments for its clients. Our Centers of Excellence built around the latest technologies, are focused on proactively building competency and providing cutting-edge solutions to our customers.
Sonata today is USD 363.58 million (FY 07-08), and growing. As one of India 's leading software services company, we have maintained strong fundamentals with zero-debt. Sonata's shares are publicly traded in Indian Stock Exchanges with employees holding 12% (FY 06-07) ownership.
Sonata Software Limited (Consolidated)
Quarter 4 – Year on Year
- Revenue for the Quarter was Rs. 384.26 cr. and for the full year was Rs. 1428.37 cr
- PAT at Rs. 58.52 cr up 22% Y.O.Y
- PAT for the Quarter was Rs.16.9 cr, up 8% Q.O.Q and up 32% Y.O.Y
- EPS at Rs.5.56 as compared to Rs. 4.57 last year
- RONW & ROCE for the year at 28.16% and 25.29% respectively
Sonata Software Limited (stand alone)
Quarter 4 – Year on Year
- Revenue in US Dollars up 21% Y.O.Y and 8% Q.O.Q
- PAT at Rs.10.57 cr, up 46% Y.O.Y
- Cash generation from operations was Rs. 11.10 cr
- Cash reserves on 31.3.2008 at Rs.15.34 cr
- 9 new clients added during the quarter
- EPS at Rs.3.49 compared to Rs. 3.34 last year
Speaking on the occasion, Mr B Ramaswamy, President & Managing Director, stated that "Growth during the quarter is in line with the consistent growth seen in the first three quarters of the financial year. Existing customer base, geographical spread, Alliances and differentiated service offerings will be the key drivers for future growth."
Recent Notices to the Stock Exchange
Sonata Software Ltd has informed BSE that Mr. Rajan B Raheja ceased to be the Director of the Company with effect from April 09, 2008. Mr. Viren Rajan Raheja was co-opted as an Additional Director of the Company with effect from April 17, 2008. Date: 2008-05-09
Sonata Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 02, 2008 to June 10, 2008 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on June 10, 2008. Date: 2008-04-18
Author – Marketcalls