Sonata Software stock rallies on heavy volumes

The company's trading volume was 15x its 20-day average on Friday.

Jul 13, 2018 07:07 IST India Infoline News Service

Sonata Software
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.

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