India's Sonata Software up 3% on deal with e-commerce platform SAP Commerce

Sonata Software

07/06/2023 07:58

** Shares of Sonata Software  SOFT.NS  rise as much as 3.09%
to 998 rupees
    ** Uptick after the information technology (IT) firm
announces strategic partnership with e-commerce platform SAP
Commerce 
    ** SAP Commerce will be integrated with SOFT's digital
commerce expertise to provide end-to-end e-commerce solutions
    ** Partnership to enable SOFT to expand its offerings and
reach a broader customer base across various geographies, says
Anthony Lange, global partner officer of SOFT
    ** Of the five analysts tracking SOFT, four maintain "buy"
and one recommends "hold"; median TP is 980 rupees - Refinitiv
data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))