Sonata Software Share Price target? ShortTerm/Long term? Anand rathi
Sonata Software Share Price target?
Sonata Software Share Price;- Sonata’s movement vertical skiped up strongly (167% q/q, however y/y down 68%) after a Q1 droop. It is probably going to proceed with its development direction, given the low base and regardless of restored travel concerns.
Its Q2 IT Services $39m income (up 5% q/q, yet y/y down 19% adj) is probably going to recapture pace on the solid OPD/ISV pipeline and retail. Its homegrown income development (up 23% y/y to $71m) is additionally liable to persevere.
Quick cost enhancement over the most recent a half year brought about united H1 EBIT of Rs1451m, down 10% y/y (versus starting direction of up to a 40% fall). No stamped change in gauges.
Sonata Software Share Analysis and Target Price
We hold our Rs410 target (14x FY22e EPS). Though Sonata Software stock is one of the very few short term stocks in which you can invest right now but its better if you go for long term investment in this just to avoid extra risk due to market fluctuation.
Sonata Software share price history suggests how to move when stock market isnt moving as per our thought.