Buy Sonata Software, target price Rs 1100: HDFC Securities

HDFC Securities has buy call on Sonata Software with a target price of Rs 1100. The current market price of Sonata Software Ltd. is Rs 880.8. Time period given by analyst is one year when Sonata Software Ltd. price can reach defined target. .

Sonata Software Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 9229.83 Crore) operating in IT Software sector.

Sonata Software Ltd. key Products/Revenue Segments include Computer Software, Software Products and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 976.70 Crore, down -24.68 % from last quarter Total Income of Rs 1296.69 Crore and up 21.15 % from last year same quarter Total Income of Rs 806.21 Crore. Company reported net profit after tax of Rs 91.17 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 28.17 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.56 per cent, DIIs 12.98 per cent.