AI stock falls after Tata Mutual Fund offloads 15,00,000 shares in the Co. via bulk deal

The shares of the leading modernization engineering company fell up to 2 percent after Tata Mutual Fund offloaded 15,00,000 equity shares in the company via Bluk Deal.

Price movement

With a market capitalization of Rs 8,456.21 crore, the shares of Sonata Software Ltd were trading at Rs 301.55 per share, decreasing around 1.24 percent as compared to the previous closing price of Rs 305.35 apiece.

Reason for rise

The share of Sonata Software Ltd has seen bearish movement after Tata Mutual Fund sold 15 lakh shares in the IT company at an average price of Rs 304.08 per share. Meanwhile, Tata Equity Saving Funds holds 98,37,262 equity shares, which is equivalent to 3.51 percent of the company.

Financial Performance

The company reported a zoom of 14 percent YoY in revenue from operations from Rs 2,493 crore in Q3FY24 to Rs 2,843 crore in Q3FY25. Their Net profits also magnified from a loss of Rs 46 Crore to a profit of Rs 105 crore over the same period.

Also read: Telecom stock in focus after partnering with Swoop Holdings to boost broadband networks in Australia

Strategic Goals

The company aims to become one of the fastest-growing modernization engineering companies by leveraging its unique platform framework and integrating AI across solutions. This strategic focus drives innovation, efficiency, and scalable transformation for clients.

Future Outlook

Management remains optimistic about long-term growth despite short-term headwinds. Key investment verticals—Healthcare, Life Sciences, and Banking—are expected to drive revenue growth. Margin recovery is anticipated in Q4 as one-time costs normalize and customer ramp-down impacts begin to stabilize.

Company Profile 

Sonata Software Limited provides modernization services using its trademarked Platformation approach. It specializes in cloud and data modernization, Microsoft Dynamics modernization, digital contact center setup and administration, managed cloud services, and digital transformation services.

Written by Abhishek Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post AI stock falls after Tata Mutual Fund offloads 15,00,000 shares in the Co. via bulk deal appeared first on Trade Brains.