Why Sonata Software Shares Hit Another 52-Week High Today

Share of Sonata Software hit another 52-week high of ₹819.40 on Monday just days after hitting one last week on Thursday.

What Happened: Shares of the IT solutions company have been on a roll since the company announced that it was acquiring US-based Quant Systems. The company’s stock has jumped over 32% in the last month.

The company on Monday that it achieved the status of Microsoft Cloud Solution Partner. The company said that it has attained all six Microsoft Solutions Partner designations. “Sonata has achieved the Solutions Partner designations in Business Applications, Data & AI (Azure), Digital & App Innovation (Azure), Infrastructure (Azure), Modern Work and Security,” the company added in a statement.

See Also: Microsoft Cloud Deal Brings Infosys Shares Back In Green On Friday

Talking about the award Venkat Krishnan, Executive Director, Global Partner Solutions, Microsoft India said that this will unlock new sales and marketing opportunities for Sonata Software.

The company’s CEO Samir Dhir said that the company was “proud to be a trusted full stack
partner of Microsoft.”

Price Action: Sonata Software shares were up 2.64% to trade at ₹815.60 in the late hours of trading on Monday.

Read Next: ‘Very Bullish' Mark Mobius Predicts India's IT Sector To Play Big Role In Global Semiconductor Production

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Posted In: 52-week highCloud ServicesIT SolutionsMicrosoftSonata