Sonata Software up

The Sonata Software scrip was up 7.2 per cent to Rs 17.10 on the announcement of positive third quarter results. The Bengaluru-based IT firm’s net profit increased by 27 per cent y-o-y to Rs 19.9 crore, while its revenues rose 7 per cent to Rs 387.8 crore in the quarter ended December 2008.

The stock opened 1.3 per cent lower at Rs 15.75 and hit an intra-day high/low of Rs 17.50/Rs 15.60. The counter saw trading volumes of 85,938.