Whalesbook
Sonata Software reported a 2.3% year-on-year revenue decline to INR 21,193 million for Q2 FY26, impacted by a sharp 38.8% sequential drop in its domestic business. In USD terms, revenue fell 6.3% YoY. Despite the downturn, analyst Deven Choksey has set a target price of INR 400 for the stock, reiterating an 'ACCUMULATE' rating based on September 2027 estimates.