Sonata Software surged 5.04% to Rs 171 at 11:44 IST on BSE after the company announced collaboration with Microsoft to provide technical services to its partners.
The announcement was made after market hours yesterday, 26 July 2017.Meanwhile, the S&P BSE Sensex was up 253.96 points or 0.78% at 32,636.42
On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 31,400 shares in the past one quarter. The stock had hit a high of Rs 173.90 and a low of Rs 165 so far during the day. The stock hit a 52-week high of Rs 224.50 on 19 January 2017. The stock hit a 52-week low of Rs 142.95 on 25 May 2017.
The stock had outperformed the market over the past one month till 26 July 2017, rising 8.79% compared with the Sensex's 4% rise. The stock however underperformed the market over the past one quarter, falling 1.66% as against the Sensex's 7.46% rise. The scrip also underperformed the market over the past one year, gaining 1.31% as against the Sensex's 15.75% rise.
The small-cap company has an equity capital of Rs 10.52 crore. Face value per share is Re 1.
Sonata Software has announced collaboration with Microsoft as a 'Microsoft ISV Development Center'. The Microsoft ISV Development Centers (Dev Centers) were established to provide strong third-party technical services that can be contracted and leveraged by Microsoft's Partners (VARs, ISVs, NSIs, GSIs, etc.).
Dev Centers are invited by Microsoft to participate in new technology previews, beta programs, and technology adopter programs (TAP), to make certain that they are ready to support new technologies and new versions of existing technologies before they are released to market.
Sonata Software's net profit fell 22.87% to Rs 32.17 crore on 4.13% rise in total income to Rs 160.75 crore in Q4 March 2017 over Q4 March 2016.
Sonata Software is a global IT solutions firm focused on catalyzing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.
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