Sonata Software Ltd
SONATSOFTW

164.75

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164.15

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Reco. Price
Rs 168.00
We recommend ACCUMULATE on the stock on account of growth in domestic business with high margin products in FY17E. Also company’s acquisition with IBIS will be a trigger for its future growth. We target stock to trade at a P/E of 9.7x in FY17E. (Target Price: Rs. 185)
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50 DMA (.)
179.97
100 DMA (.)
183.95
200 DMA (.)
170.34
Weekly Range (.)
161.90
173.95
Monthly Range (.)
161.90
177.40
52 Weeks Range (.)
137.90
224.00
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