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Espresso shot of the day – Sonata Software Ltd up by 17.06 percent

Espresso shot of the day – Sonata Software Ltd up by 17.06 percent

February 22, 2021

SONATA SOFTWARE LTD 467.25 ( 17.06 %)  BSE – INE269A01021| 22nd FEB 2021

Sonata Software Limited is a global technology company specialising in platform-based digital transformation, supporting businesses to become connected, open, intelligent and scalable. Sonata’s Platformation™ methodology brings together industry expertise, platform technology excellence, design innovation and strategic engagement models to deliver sustained value to customers. A trusted partner of world leaders in the retail, manufacturing, distribution, travel, services and software industries, Sonata’s software portfolio includes the Brick & Click Retail Platform©, Modern Distribution Platform©, Rezopia Digital Travel Platform©, Kartopia E-commerce Platform©, Halosys enterprise development automation Platform©, CTRM Commodity Trading and Risk Management Platform© and KODO - AI Powered Customer Experience (CX) Platform. Sonata’s Platformation approach ensures services built on Microsoft Dynamics 365, Microsoft Azure, AWS, Cloud Engineering and Managed Services deliver on the Platformation promise. As world leaders in digital technologies including IoT, Artificial Intelligence, Machine Learning, Robotic Process Automation, Chatbots, Block Chain and Cyber Security, Sonata’s people and systems are nurtured to deliver on our commitment to excellence in business technology solutions.

Recent Drivers

  • Net profit of Sonata Software Limited declined 29.09% to Rs 53.79 crores in the quarter ended December 2020 as against Rs 75.86 crores during the previous quarter ended December 2019.
  • Sales of Sonata Software Limited rose 12.88% to Rs 1396.16 crores in the quarter ended December 2020 as against Rs 1236.88 crores during the previous quarter ended December 2019.
  • Contingent liability of Sonata Software Limited has been reduced by Rs 33.7crores for International IT Services and Rs 15.3 crores for Domestic Products & Services.
  • Sonata Software Limited has announced that its unique trade-marked ‘Platformation’ strategy for Digital Transformation is seeing substantial upturn amongst its customers.
  • Recently, Sonata Software Limited announced partnership with Amazon Web Services (AWS) and Google, primarily around Cloud modernisation, data migration and using data infrastructure for business intelligence.
  • On 15th January 2021, Sonata Software Limited announced partnership with GitHub.
(Sources: The Economic Times, Business Standard, Data Storage Asean )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 8.06%
  • Traded on new 52- week high 478, stock is trading in uncharted territory
  • Spurt in volume by more than 10.53 times compares to previous vol. 3 months avg qty – 36,489
  • Stock price has jumped more than 100% from one year low level – 147.25, 24 March 2020
  • Daily RSI (14) is in overbought territory today RSI central line crossed 3 periods ago
  • 52 -week high - 478.00 |  52- week low- 148.10

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

742.07

574.03

484.17

316.13

226.27

58.23

-

-

Fibonacci Pivot

574.03

475.52

414.65

375.45

316.13

256.82

217.62

156.75

58.23


Today’s Close

467.25

SMA

BSE

10 DAY

404.74

20 DAY

399.90

50 DAY

394.70

200 DAY

314.10


Some Key Ratios (Source: BSE)

Market Cap: 4913.57 crores

PE: 19.17

OPM%: 45.79

ROE%: 45.48

Prev. Close: 98.65


*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.