Sonata Software has signed a partnership agreement with US based California Software Corporation.
The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
Investors seem to be shying away from stocks of companies in the 'digital' space with most counters that comprise the Nifty India Digital index giving negative returns over the past year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries, such as software, e-commerce, IT-enabled services, industrial electronics, and telecom services. The fall in some of these stocks over the past year has been steep; the sharpest decline of around 60 per cent was seen in shares of PB Fintech (parent company of Policybazaar).
Sonata Software said on Monday it is evaluating plans to enter the business process outsourcing sector in the insurance space.
The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.
The company has posted a 12 per cent decrease in net profit to Rs 15.58 crore for FY03 as against Rs 17.80 crore in FY02.
Shares of small-cap companies have been on a roll with the S&P BSE Small-Cap index hitting a new high in intra-day deals on Thursday. The rally has been fueled by an up move in stocks of chemicals, cement, graphite electrode makers, pharmaceuticals and information technology (IT) shares. In the past two weeks, since March 25, the index has outperformed the market by gaining 7.3 per cent. In comparison, the S&P BSE Midcap index was up 6.1 per cent, while the S&P BSE Sensex gained 3.6 per cent during the same period.
Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
As IT midcap stocks ride high, it has created speculation around a potential bubble with analysts picking the midcaps' client concentration as the biggest concern area.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
