Sonata Software Faces Recent Decline Amid Broader Market Resilience and Long-Term Gains

Sonata Software has experienced a notable decline of 5.0% on May 9, 2025, underperforming its sector by 4.79%. This marks the second consecutive day of losses for the midcap IT software company, with a total drop of 6.26% over this period. The stock reached an intraday low of Rs 371.4, reflecting a decrease of 5.33%. In terms of moving averages, Sonata Software's stock is currently above its 20-day and 50-day moving averages but below the 5-day, 100-day, and 200-day averages. Over the past week, the stock has fallen by 11.81%, while its performance over the last month shows a gain of 18.99%. However, the longer-term outlook reveals a decline of 24.15% over three months and 28.38% over the past year. In the broader market context, the Sensex has shown resilience, recovering from an initial gap down of 1,366.47 points to trade at 79,561.09, down 0.96%. While Sonata Software has faced challenges recently, its five-year performance remains strong, with a remarkable increase of 371.02%, significantly outpacing the Sensex's 151.45% growth during the same period.