5,265 per cent returns and FIIs & DIIs increase stake: Board announces bonus shares after Rs 7/share dividend; scrip hit 52-week high!

The stock gave multibagger returns of 135 per cent in just 1 year, 430 per cent in 3 years and a whopping 5,265 per cent in 1 decade.

Sonata Software Ltd, a leading modernization engineering company, has announced that the Board of Directors of the company approved bonus shares in the ratio of 1:1, i.e., 1 equity share for every 1 equity share held by the shareholders of the company as of the record date. The company fixed the record date as Tuesday, December 12, 2023.  

Previously, the Board also approved an interim dividend of 700 per cent or Rs 7 per equity share on a par value of Rs 1 each. The dividend was ex-traded on Thursday, November 07, 2023.
Additionally, the company announced stellar Quarterly Results (Q2FY24) and half-yearly results (H1FY24) for the fiscal year 2024. Here are the details:

Quarterly Results: The net sales increased by 28 per cent to Rs 1,912.57 crore, operating profit increased by 33 per cent to Rs 220.52 crore and net profit increased by 10.2 per cent to Rs 124.17 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 19.95 per cent to Rs 3,928.10 crore, operating profit increased by 31.13 per cent to Rs 426.92 crore and net profit increased by 10.8 per cent to Rs 244.29 crore in H1FY24 compared to H1FY23.

On Friday, shares of Sonata Software Ltd gained 4.26 per cent and traded at an intraday high & 52-week high of Rs 1,416.95 per share from its previous closing of Rs 1,359. At the closing bell, shares of the company were trading at Rs 1,367.9 per share, up 0.65 per cent with a spurt in volume by more than 1.14 times on BSE.

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 37.7 per cent and a ROCE of 39.1 per cent. In the September quarter, FIIs have increased their stake from 13.59 per cent to 14.98 per cent and DIIs have increased their stake from 14.31 per cent to 16.38 per cent.

The stock gave multibagger returns of 135 per cent in just 1 year, 430 per cent in 3 years and a whopping 5,265 per cent in 1 decade. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.