Shares of Sonata Software fell as much as 13.5% on Thursday to Rs 290 on the BSE after the company issued a warning about revenues from its international business during the quarter that ended on March 31, 2025.
In an exchange filing on Wednesday, the global IT services and technology solutions firm said, “We would like to inform you that the revenue estimates for Q4 2024-25 from our largest client are likely to be lower than anticipated, resulting in lower revenue from our international business for the said quarter than previously envisioned during the previous Analyst/Investor call held on 6th February 2025.”
The company had discussed this key client during its December quarter earnings call held in February. In the third quarter, international business accounted for 25% of Sonata Software’s overall topline, according to its investor presentation.
The stock, which is currently hovering near its 52-week low of Rs 286.40 hit on April 7, has declined 47.61% in the past three months and is down 50% so far in 2025. Sonata shares had touched a 52-week high of Rs 762 on July 30, 2024.
Technical indicators show weakness. The stock is trading below all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) is at 41.4. An RSI below 30 indicates oversold conditions, while levels above 70 are considered overbought.
Sonata Software specialises in cloud and data modernisation, Microsoft Dynamics Modernization, digital contact center setup and management, managed cloud services and digital transformation services.
Also read | Add Sonata Software, target price Rs 570: HDFC Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
In an exchange filing on Wednesday, the global IT services and technology solutions firm said, “We would like to inform you that the revenue estimates for Q4 2024-25 from our largest client are likely to be lower than anticipated, resulting in lower revenue from our international business for the said quarter than previously envisioned during the previous Analyst/Investor call held on 6th February 2025.”
The company had discussed this key client during its December quarter earnings call held in February. In the third quarter, international business accounted for 25% of Sonata Software’s overall topline, according to its investor presentation.
The stock, which is currently hovering near its 52-week low of Rs 286.40 hit on April 7, has declined 47.61% in the past three months and is down 50% so far in 2025. Sonata shares had touched a 52-week high of Rs 762 on July 30, 2024.
Technical indicators show weakness. The stock is trading below all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) is at 41.4. An RSI below 30 indicates oversold conditions, while levels above 70 are considered overbought.
Sonata Software specialises in cloud and data modernisation, Microsoft Dynamics Modernization, digital contact center setup and management, managed cloud services and digital transformation services.
Also read | Add Sonata Software, target price Rs 570: HDFC Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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