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The brokerage expects the share price to head towards Rs 300, which is 80% retracement of February–June 2022 correction over the next few months.

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We experienced a remarkable three-fold increase in revenue, generating approximately Rs 780 crore ($95 million) in FY23 compared to Rs 233 crore in the previous year. We anticipate that the company will register a sizable profit for the year, indicating that our revenue growth is likely to translate into a significant increase in profits. We will continue to maintain the momentum of our growth in the future.

I think we are now looking at an environment where inflation is expected to steadily come down over the next 12 months. Our forecast for the inflation is that we will be somewhere close to 5% or a shade below 5% on an average for the rest of this year

Sonata Software, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 12766.34 Crore) operating in IT Software sector.

​We had same-store sales growth muted though, but negative transaction growth. So, I think it is reflective of what we are generally seeing in the consumer space where demand is a little bit slow.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 7.89 per cent and 0.45 per cent, respectively.

The Relative Strength Index of the stock stood at 46.14 on Tuesday.

Delisting is a process when the stock of a listed entity is removed from a stock exchange. Consequently, the shares of that company will no longer trade on that stock exchange.

Indian mutual funds continue to buy stakes in Adani Group companies despite an ongoing investigation by the market regulator Sebi and a Supreme Court-appointed committee into the Hindenburg issue. At least 17 mutual funds are exposed to the firm, which has seen buying from Invesco, Kotak Mahindra, NJ Mutual Fund and others in May. While Adani Enterprises saw the highest month-on-month buying, buying was also seen in Adani Ports and Adani Wilmar. Although shares in Adani Total Gas have fallen by 67% in the past year, the cement arm of the conglomerate saw buying interest from firms such as Franklin Templeton.