Stock To Buy: This Midcap IT Stock Trading Near 52 Week High, Gained Over 
30% In 3 Months

Stock To Buy: This Midcap IT Stock Trading Near 52 Week High, Gained Over 30% In 3 Months { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more