Hot Chips

Ali On Content / 21 Dec 2009

The scrips in this column have been recommended with a short-term investment horizon and carry high risk. So, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations

Sonata software is a Banglore-based mid-cap IT company and its portfolio of services includes IT consulting, product engineer-ing services etc. Its clients are spread across the globe. It has partnered with top-notch IT companies in the world like Microsoft, IBM etc to provide solutions to its clients and is a Microsoft Gold certified part-ner. Recently it won a major ERP solution implementation project from Dredging Corporation. According to a leading technical analyst, the counter seems good in the short to medium perspective. Additionally, in the last few trading days the counter has witnessed a decent increase in its volumes on the bourses. Secondly, a leading broking house has given a buy call on the counter with a price target of Rs 48 in the coming period. Thus, investors with short to medium-term investment horizon can invest in the counter.

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