Shares of Sonata Software Ltd
rose 5% on the back of heavy volumes on Friday. The trading volume of the company's shares was 15x its 20-day average.
Sonata Software share price is currently at Rs335, up Rs18.75, or 5.93%, from its previous close of Rs316.25 on the BSE. The scrip opened at Rs318 and has touched a high and low of Rs335.45 and Rs312, respectively.
Sonata Software is a global information technology (IT) services and solutions provider for travel, retail & distribution, and software product companies. It has strategic alliances with Microsoft, IBM, SAP, Oracle, and HP.
The stock is currently trading above its 50-DMA.