Sonata Software hasn't been a great stock over the years: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on Sonata Software


What do you think about Sonata Software?

Over the years, this has been a nothing kind of stock. It reached highs of Rs 280 in the 2000 boom. Post that, it has been doing this Rs 15 on the downside and probably Rs 65-70 on the upside, so generally these kind of stocks are good when they are bought around Rs 20-25 bucks. Around Rs 60-65, they need to be sold. In case because of some reason, it starts to move above Rs 65, then you will probably get a move all the way up to Rs 100 but other than that, all these stake sales, acquisitions, suddenly all Rs 50 stocks are announcing it. It is not comfortable feeling. I would much rather be with an Mphasis, which has formed a bottom after those results and is now trying to move higher.