IT service company Sonata Software has received a big order in Australia. The company shared the information about this order with the stock market after the market closed. The company has said in a release that it has received a multi-million dollar modernization deal in Australia from the global leader of access solutions. Under this digital transformation, Sonata Software will modernize the client's Dynamics AX 2012 R3 and D365 Finance and Supply Chain Management.

How was the stock performance? In Wednesday's trading, Sonata Software's stock closed at 628 with a gain of more than 5 percent. The stock's highest level of the year was 867 while the lowest level of the year was 469. The stock was close to 650 a year ago. The stock touched its highest level of the year in February this year. In July itself, the company also distributed a dividend of Rs 4.4 per share to its investors. The stock has been on an upward trend for the last one week and the stock has increased by about 15 percent during this period. However, even after this increase, the stock's return for the year has remained negative. In the report of November 7, K R Choksi has advised to accumulate for the stock and has given a target of 679 for the stock. In the September quarter, the company's consolidated sales have been Rs 2170 crore with a growth of more than 13 percent compared to last year. The profit has been Rs 124 crore with a growth of 14 percent.