-10.00 (-2.73%) Sonata Software is currently trading at Rs. 19.05, up by 0.35 points or 1.87% from its previous closing of Rs. 18.70 on the BSE.
The scrip opened at Rs. 18.80 and has touched a high and low of Rs. 19.15 and Rs. 18.75 respectively. So far 24347 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.20 on 09-Jun-2011 and a 52 week low of Rs. 17.50 on 29-Mar-2012.
Last one week high and low of the scrip stood at Rs. 19.85 and Rs. 18.40 respectively. The current market cap of the company is Rs. 199.28 crore.
The promoters holding in the company stood at 37.83% while Institutions and Non-Institutions held 5.35% and 56.82% respectively.
Sonata Software, a leading IT consulting and software services provider, has been featured in the April, 2012 report by Forrester Research Inc., a leading research and advisory firm. In its report ‘The Move to an Asset-Based Services Play’, Forrester has highlighted SonnetSCOR - Sonata’s BI solution accelerator for supply chain and logistics - as an example of IT services moving towards an asset-based services play.
Sonata has also been featured in the report for leveraging its inorganic strategy, specifically its joint venture with the TUI Group, for adding on vertical-specific assets for the Travel & Tourism vertical. The report states that the move to adopting solution accelerators as an integral part of an IT solutions, is gaining momentum, thereby signifying the increasing importance of assets to the IT services industry. Providers across consulting, BPO, and outsourcing services are advocating the move to a more modular and scalable solution structure that allows faster and more cost-effective service delivery.
Sonata Software, headquartered in Bangalore, India, is an IT consulting and software services provider. Sonata’s focus areas includes enterprises in the Outsourced Product Development (OPD), Travel, Consumer Packaged Goods (CPG), Retail and Manufacturing verticals and its customers are located across the US, Europe, Middle East and the Asia-Pacific region. Its key service lines include Application Development Management (ADM), Emerging Technologies (Mobility, Analytics, Cloud and Social Media), Business Intelligence, Testing, Enterprise Services - ERP, CRM and Remote Infrastructure Management.