Sonata Software surges on signing agreement with GCX
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Sonata Software is currently trading at Rs. 532.70, up by 7.30 points or 1.39% from its previous closing of Rs. 525.40 on the BSE.
The scrip opened at Rs. 516.50 and has touched a high and low of Rs. 535.75 and Rs. 516.50 respectively. So far 6126 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 703.05 on 30-Nov-2021 and a 52 week low of Rs. 457.50 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 542.40 and Rs. 515.65 respectively. The current market cap of the company is Rs. 7479.63 crore.
The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.94% and 44.88% respectively.
Sonata Software has signed an agreement with Bermuda headquartered Global Cloud Xchange (GCX), a leading network service provider powering global connectivity for new media providers, telecom carriers and enterprises. Sonata Software, chosen by GCX as its technology and business transformation partner of choice, shall support and maintain the end-to-end application landscape and help GCX migrate from legacy technology and platforms to enable strategic business transformation in this multiyear agreement.
Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.
