Sonata Software shares surged 3% after it announced its pact with the TUI Group to generate a digital hub in India.
At 10:20 am, the stock traded 1.2% higher at Rs 1,004.25 on the BSE. It has crossed almost 80% YoY date and close to 500% in the past three years.

The chief revenue officer of Sonata Software said that establishing TUI’s digital hub in India is evidence of our shared vision of brilliance and will reveal new opportunities to augment operational efficiency, raise customer experiences, and attain sustained business growth for TUI Group.

Sonata Software provides IT facilities for travel, retail, agriculture, commodities, and industrial and software vendors. It offers IT services processing 26% of FY23 revenue and product licensing and deployment, accounting for 74%.
The company is net debt-free, having healthy double-digit return ratios.