SONATA SOFTWARE - Zero Debt Company with Profit doubled.Target 350 2 yrs timeframe.
- SONATA SOFTWARE is a Midcap IT stock which has now fallen in Radar of lot of Big Fund houses.This Stock is Part of Goldman Sacs CNX 500 Fund.
- Company is aglobal IT services company that focuses on enabling businesses win value with strategic IT initiatives.
- The focus on Product Engineering, Professional Consulting Services, Early Adopter Programs, Implementation and Alliances.
- Thier netsales has increased sone 20 % and company is expecting to keep this growth momentum going.
- There Cash reserve is 245 crores and we can expect hefty dividends in coming years.
- The have very low or nil debt and we expect the company to be debt free in coming years
- Also the company EPS has increasd from 3 to 7.4 Rs and we expect this to double in next 2yrs.
- With strong dollar and US economy booming, all IT stocks will have there next IT run.So we recomend to enter this good stock and see it reach 350 Rs in next few years.
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