India's Sonata Software jumps 5% on $160 mln order win

Sonata Software

22/03/2023 04:13

** Shares of IT services provider Sonata Software Ltd
 SOFT.NS  up as much as 5.3% to 845 rupees
    ** Co says it won an order worth $160 mln from a US-based
consumer retail company
    ** Order for managing end-to-end IT modernisation and
transformation for the client
    ** Over 718,000 shares change hands by 09:37 a.m. IST, 0.8x
the 30-day moving avg 
    ** Five of the six analysts covering the stock have a "buy"
or "strong buy" rating, while one rates it "hold"; median PT is
775 rupees - Refinitiv data
    ** As of last close, stock up 42.4% this year, reversing its
14.2% decline in 2022


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))