IT company’s stock gains after bagging multi-million dollar deal in Aus

Sonata Software shares surged 3.42 per cent on the BSE to hit an intraday high of Rs 649.60 a piece on Thursday. The information technology company’s stock price increased after the company said that it has bagged a multi-million dollar modernisation deal in Australia from an access solutions client.

The deal will integrate and standardize the client’s APAC business processes across 13 countries, ensuring seamless operations and real-time engagement with customers, suppliers, distributors, and partners, the company said in a statement on Wednesday.