Sonata Software Sees Revision in Evaluation Amid Mixed Performance Indicators Sonata Software, a notable player in the IT software sector, has recently experienced a revision in its score by MarketsMOJO. The company's financial metrics showcase a solid long-term fundamental strength, underscored by an impressive average Return on Equity (ROE) of 33.90%. Furthermore, Sonata Software has exhibited healthy growth trends, with net sales increasing at an annual rate of 23.56% and operating profit rising by 20.05%. However, the stock has encountered some hurdles, including flat results reported for September 2024 and a decline in return on capital employed (ROCE) to 32.21%. Currently, Sonata Software is situated within a mildly bearish technical range, with key indicators such as the Bollinger Band indicating bearish trends since December 30, 2024. Despite these challenges, institutional holdings remain strong at 35.51%, reflecting a slight increase of 1.53% over the previous quarter, which suggests ongoing confidence from larger investors. Nonetheless, the stock has underperformed relative to the broader market, posting a return of -19.19% over the past year, in stark contrast to the BSE 500's return of 14.51%. In light of these dynamics, Sonata Software has been added to MarketsMOJO's list, indicating a nuanced view of its current market position.

Dec 30 2024 07:17 PM IST
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Sonata Software has recently undergone a revision in its score by MarketsMojo, reflecting the company's robust long-term fundamentals despite some recent challenges. With strong growth metrics and a solid financial position, the stock has been added to MarketsMojo's list, indicating ongoing investor interest and confidence.
Sonata Software, a midcap player in the IT software industry, has recently seen a revision in its evaluation by MarketsMOJO. The stock's performance metrics indicate a strong long-term fundamental strength, highlighted by an impressive average Return on Equity (ROE) of 33.90%. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 23.56% and operating profit growing at 20.05%.

Despite these strengths, Sonata Software's stock has faced challenges, including flat results reported for September 2024 and a return on capital employed (ROCE) that has dipped to 32.21%. The stock is currently positioned in a mildly bearish technical range, with key indicators such as the Bollinger Band reflecting bearish trends since December 30, 2024.

Institutional holdings remain robust at 35.51%, with a slight increase of 1.53% over the previous quarter, suggesting confidence from larger investors. However, the stock has underperformed the broader market, generating a return of -19.19% over the past year, contrasting sharply with the BSE 500's return of 14.51%. In light of these factors, Sonata Software has been added to MarketsMOJO's list, reflecting a nuanced perspective on its current market standing.
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