Sonata Software Experiences High Volatility Amidst Notable Sector Outperformance

Jan 24 2025 09:30 AM IST
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Sonata Software experienced notable trading activity on January 24, 2025, with a significant gain and strong performance compared to its sector. The stock showed high volatility during the session, with substantial price fluctuations. Despite recent gains, it remains below several key moving averages and has declined over the past month.
Sonata Software has shown significant activity today, with a notable gain of 6.2% on January 24, 2025. The stock has outperformed its sector by 7.1%, reflecting a strong performance relative to industry peers. Over the past two days, Sonata Software has experienced consecutive gains, accumulating a total return of 6.71% during this period.

The stock opened with a gap up of 4.83% and reached an intraday high of Rs 599.45, marking a peak increase of 7.24%. However, the trading session has been characterized by high volatility, with an intraday volatility rate of 58.29%, indicating significant price fluctuations throughout the day.

In terms of moving averages, Sonata Software's current price is above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has declined by 4.45%, while the broader Sensex index has decreased by 2.25%. This performance highlights the stock's recent volatility and its position within the midcap IT software sector.
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