India's Sonata Software gains on $73 mln deal

Sonata Software

28/04/2025 08:07

** Shares of Sonata Software SOFT.NS rise 5.1% to 355.5 rupees

** IT services co signs large contract worth $73 million for 5 years with a U.S. TMT company

** Deal to establish dedicated AI-enabled modernization engineering center in India

** More than 5.2 mln shares traded, over twice the 30-day avg

** Avg rating on stock is "buy;" median PT is 617.5 rupees - data compiled by LSEG

** Stock down 40.8% YTD

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))