India's Sonata Software sees worst day in over 2 months on Q1 profit fall

Sonata Software

01/08/2024 08:01

** Shares of cloud management services provider Sonata Software  SOFT.NS 
fall as much as 8.2% to 676.6 rupees, its sharpest intraday fall since May 8
    ** SOFT on Wednesday reported a 12% decline in profit for the June quarter
to 1.06 billion rupees
    ** More than 2.4 mln shares change hands, 1.6x the 30-day avg
    ** Analysts' average rating on the stock is "buy"; median PT is 671.5 rupees
- LSEG data
    ** Stock last down 7.2%, pushing YTD losses down 8%

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))