India's Sonata Software rises after deal win

Sonata Software

28/11/2024 07:38

** Shares of Sonata Software Ltd  SOFT.NS  rise as much as
3.4% to 950 rupees
    ** IT firm wins a multi-million dollar modernization deal in
Australia; co did not disclose the deal value 
    ** Stock on track to gain for the fifth straight day
    ** More than 1.1 mln shares traded as of 1:01 p.m. IST, 2x
their 30-day moving avg
    ** Mean rating of 7 brokerages rating the stock is "buy";
their median PT is 701 rupees - LSEG data
    ** SOFT last up 1%, cutting YTD losses to 14.7% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))