5,000 per cent returns: This multibagger software company to Build and Manage Digital Hub in India for TUI Group!
The stock has experienced 98 per cent returns in just 1 year.
Sonata Software, a leading Modernization Engineering company, has announced that the TUI Group has extended its partnership with the company to create a Digital Hub in India, marking a milestone in the long-standing relationship of over two decades.
Given the success of the historical partnership with Sonata and the proven benefits for TUI, one the world’s leading tourism groups, both parties have now reached an agreement to expand and extend their relationship through the creation of a Digital Hub which will enable them to deliver cutting-edge digital products and customer experiences to their clients.
On Tuesday, shares of Sonata Software Ltd surged 0.83 per cent to Rs 1,011.75 per share with an intraday high of Rs 1,020 and an intraday low of Rs 1,001.25.
DSIJ offers a service 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
According to the financials, Sonata Software reported positive numbers in its Quarterly Results and annual results. The company has delivered good profit growth of 19.2 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 55.3 per cent.
The shares of the company have a ROE of 38 per cent and a ROCE of 40 per cent. The stock has experienced 98 per cent returns in just 1 year, delivering impressive returns of 500 per cent in 3 years and astounding growth of over 5,000 per cent in 1 decade. Investors should keep an eye on this multibagger stock.