Sonata Software

On April 16, the Indian stock market closed with modest losses after a recent rally. The Nifty 50 fell 0.18% while the Sensex dropped 0.21%. Broader markets showed gains, indicating a bullish tone, amid improving sentiment from potential US-Iran negotiations.

The IT services firm has sought damages from OBSA Operating Company in a Delaware court amid a client ramp-down in its retail segment, which contributes about 8% of Sonata’s revenue.

The Indian stock market faced significant selling on February 12, with technology stocks leading the decline, resulting in a 0.57% drop in Nifty 50 and Sensex. Oil, gas, and realty shares also fell, while the Nifty IT index plunged 5.5%, marking its second-biggest fall this month.

Sonata Software Ltd has fallen to the 13th spot in India's IT sector following a 30% contraction in Q2FY26 revenue as Microsoft sells software licences directly to clients. The Indian company will take time to recover from this jolt, analysts say.

The Indian stock market finished higher on Tuesday, propelled by technology and pharma sectors, with the Nifty 50 up 0.39% at 24,868. Broader indices also rose, while Nifty Realty lagged. Market sentiment improved amid expectations of a US Federal Reserve rate cut.

Dividend Stocks: Novartis, Pidilite, Aditya Birla Sun Life AMC, Heritage Foods, and D. B. Corp are the 5 key stocks to trade ex-dividend today, 23 July 2025. Advanced Enzyme , Banswara Syntex, Greaves Cotton, K.P.R. Mill, NESCO, Sonata Software are a few others to trade ex-date.

According to experts, Sonata gets more than $500 million from selling Microsoft product licences, making it one of the only large IT outsourcers to sell such licences. This translates to almost half of its $1.2 billion revenue in FY25.

Dividend Stocks: Voltas, United Breweries, Tata Chemicals, Symphony and Sonata Software are five companies that declared dividends up to ₹ 11 along with their Q4 results on Wednesday.