1 min read.Updated: 20 Jan 2022, 03:04 PM ISTLivemint
The brokerage and research firm has a Buy rating on the multibagger stock with a revised target price
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Sonata Software's IT Services segment was strong in Q3FY22 and the growth was driven by CPG/Retail. The domestic business, which was up 32% on a yearly basis continued to shine. However, IT Services margins were flattish on a seqnential basis adjusted for forex, and after absorbing Q3 wage rises.