28 Nov 2024

Sonata Software Rises After Securing Major Modernization Deal in Access Solutions Sector

Sonata Software shares saw a boost, trading at ₹633.35 on the BSE, gaining 0.84% from its previous close of ₹628.10. The stock opened at ₹640.70 and fluctuated between a high of ₹649.60 and a low of ₹632.70. So far, 19,789 shares have been exchanged.

The stock, categorized under BSE group 'A,' has a face value of ₹1. It hit a 52-week high of ₹867.10 on February 27, 2024, and a low of ₹469.05 on June 4, 2024. Over the past week, the stock traded between ₹649.60 and ₹532.00. The company's current market capitalization stands at ₹17,613.48 crore.

In terms of shareholding, promoters hold 28.17%, while institutional and non-institutional investors own 35.51% and 36.33%, respectively.

Sonata Software recently secured a significant modernization contract with a leading global access solutions provider. This deal will streamline and standardize the client’s business processes across 13 APAC countries, improving customer, supplier, and partner engagement in real time.

As part of this digital transformation initiative, Sonata will upgrade the client’s Dynamics AX 2012 R3 system to Microsoft’s latest D365 Finance and Supply Chain Management platform. The project involves data migration, creating over 260 Power BI reports, optimizing warehouse and planning systems, and piloting in regions like Australia, New Zealand, and China. An intelligence layer powered by Microsoft Fabric will further enhance the client’s data-driven decision-making capabilities.

Sonata Software continues to drive IT transformation globally through its expertise in technology and customer-centric solutions.