Stock To Buy: This Midcap IT Stock Trading Near 52 Week High, Gained Over 30% In 3 Months
Sonata Software a midcap IT Sector stock a target price of Rs 775/ share.
It claims a potential upside of up to 7% if you buy the stock at the current market price.
The stock has a market capitalisation of Rs 10,095.29 crore.
The last traded share price of Sonata Software is Rs 720/ share on NSE. It gained 1 .98% as compared to its previous close of Rs 706/ share.
Its 52 week low is Rs 457.59/ share and 52 week high is Rs 753/ share. The stock declined 2 .15% in 1 week and 30 .21% in 3 months.
it gained 29 .9% in the past 1 year, 178 .54% in 3 years, and 196 .66% in 5 years, respectively.
Buy for a target price of Rs 775/ share
Sonata Software announced its largest acquisition of Quant Systems, which involves a cash payout of USD 65mn and an earn- out of USD 95mn payable over the next two years.
The deal is valued at P/S of 4 .3 x ( 1 .8 x excluding earnout), which we believe is on the higher side but it is justified by Quant's high growth profile ( 3 Y organic
The stock has been picked from the brokerage report of HDFC Securities.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt