India's Sonata Software up nearly 5%, hits record high

Sonata Software

02/03/2023 07:14

** Shares of IT services company Sonata Software Ltd
 SOFT.NS  rise as much as 4.9% to record high of 809 rupees
    ** Co on track to advance for four consecutive sessions, if
gains hold 
    ** About 1.7 million shares change hands by 12:30 p.m. IST
vs 3.2x the 30-day average of 543,360 shares
    ** Stock continues to trade above 50-, 100-, and 200-day
simple moving average of shares
    ** Of the six analysts covering SOFT, five have a "buy" or
"strong buy" rating, one recommends "hold"; median PT is 732
rupees - Refinitiv data
    ** Stock up 36.8% so far this year, as of last close 


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))