Sonata Software Ltd
SONATSOFTW

192.30

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191.85

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Reco. Price
Rs 185.50
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 10.70x in FY17E. (Target Price: Rs. 195)
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50 DMA (.)
194.45
100 DMA (.)
175.19
200 DMA (.)
165.50
Weekly Range (.)
184.10
196.45
Monthly Range (.)
183.65
216.40
52 Weeks Range (.)
125.65
224.00
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