News and Views
Recent Price Movement and Market Context
Sonata Software’s stock has been on a downward trajectory over the past week, registering a loss of 3.51%, significantly underperforming the Sensex, which remained almost flat with a negligible 0.01% change. The year-to-date performance further highlights this trend, with the stock declining by 5.75% compared to the Sensex’s modest fall of 1.94%. Over the last twelve months, the stock has suffered a steep 42.28% drop, contrasting sharply with the Sensex’s 8.47% gain during the same period. Even over a three-year horizon, Sonata’s returns of 16.84% lag behind the benchmark’s 39.07%, although the five-year performance remains robust at 126.14%, outpacing the Sensex’s 70.43%.
On the day of 16-Jan, the stock underperformed its IT - ...
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