Sonata Software rises on planning to tap customer experience market to fuel growth

22 Mar 2021

Sonata Software is currently trading at Rs. 470.10, up by 2.90 points or 0.62% from its previous closing of Rs. 467.20 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 475.60 and Rs. 457.50 respectively. So far 17900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 539.00 on 16-Mar-2021 and a 52 week low of Rs. 148.10 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 539.00 and Rs. 452.20 respectively. The current market cap of the company is Rs. 4926.71 crore.

The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.30% and 45.53% respectively.

Sonata Software is planning to tap the Customer Experience (CX) market to fuel growth with the launch of ‘Cxe’, its unique enhanced integrated CX management solutions developed using the ‘Platformation’ approach, Sonata’s highly acclaimed framework for digital transformation. ‘CXe’ is a compelling offering from Sonata designed for clients across the globe looking for holistic end-to-end CX solutions in the post-pandemic new normal.

The global impact of the pandemic has been unprecedented, with the CX market witnessing a major upturn across all regions. The market is projected to grow from $9.26 billion in 2020 to $21.86 billion in 2027 at a CAGR of 13.0% in the 2020 to 2027 period.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

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