🔹 Stock Snapshot
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Current Price: ₹421.55
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Previous Close: ₹375.90
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Daily Change: +12.12%
- Volume Today: ~39.89 million shares
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Average Volume (Last 5 Days): 19.4M (vs Avg of ~1M – volume spike detected)
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52-Week Range: ₹286.00 – ₹763.00
🚀 Key Trigger: Major $73 Million Deal Signed
Sonata Software surged after the announcement of a $73 million deal, the second-largest in its history, with a major U.S.-based Technology, Media & Telecom (TMT) client.
Deal Highlights:
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Setup of an AI-enabled modernization engineering center in India
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Focus on cloud enablement, cybersecurity, and automation
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Multi-year engagement indicating long-term revenue flow
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Reinforces Sonata’s shift toward next-gen digital transformation services
This move supports Sonata’s ongoing digital shift and is its second-largest deal in history.
📈 Technical Outlook by Adarsh Nimborkar
🔸 Nearest Support Zone
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Support: ₹380
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Stop Loss (SL): Below ₹380 (on closing basis)
🎯 Upside Targets
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Target 1: ₹570 (~35% potential gain) — Expected in the next 2 months
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Target 2: ₹750 (~78% gain from current price) — Medium-term resistance level
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Final Target: ₹850 (~101% potential gain) — Long-term, expected within the next 2 years
📊 Technical Note: Recent breakout is backed by a massive surge in trading volume over the past 5 sessions — 5-day avg. is ~19.4M vs typical 1M, signaling strong institutional interest.
💼 Analyst Ratings
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Consensus: Strong Buy
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12-Month Target Price Range: ₹570 – ₹760
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Median Analyst Estimate: ₹750
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Dividend Yield: 3.07%
🧾 Disclosures
This is not a buy/sell or personalized investment recommendation.
Purchase advisory services to receive such detailed, research-backed studies and actionable calls regularly.
🖼️ Note: Supporting chart images are added at the bottom — one showing support/resistance and another showing the volume surge confirmation.
📌 Conclusion
Sonata Software’s latest breakout reflects market confidence in its strategic growth initiatives, particularly its emphasis on AI and next-gen IT services. If executed well, this $73M deal may serve as a springboard for stronger revenue visibility and global positioning.
Curated By: Adarsh Nimborkar – SEBI Registered Investment Advisor
