Sonata Software's Stock Continues Downward Trend, Underperforming Sector by -10.94%

Sonata Software, a midcap IT software company, has been facing a downward trend in its stock performance. On May 8th, 2024, the company's stock saw a decline of -12.06%, underperforming the sector by -10.94%. This marks the sixth consecutive day of losses for the company, with a total decline of -18.57% in this period.

The stock opened with a significant loss of -12.96% today, touching an intraday low of Rs 549.3 (-13.82%). It has also been highly volatile, with an intraday volatility of 72.72% (calculated from weighted average price).

Sonata Software's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's stock call by MarketsMOJO is 'Hold'.

In comparison to the overall market performance, Sonata Software's stock has underperformed. Its 1-day performance is -13.72% compared to the Sensex's -0.26%, and its 1-month performance is -27.69% compared to the Sensex's -1.90%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the stock performance of Sonata Software, a midcap IT software company.