Sonata Software Falls 1.5% Despite Positive AWS News

Sonata Software shares snapped a two-session winning streak on September 16, slipping around 1.5% by 12:45 pm despite the company announcing a strategic agreement with Amazon Web Services (AWS). Sonata Information Technology, the company’s subsidiary, has signed a five-year Strategic Collaboration Agreement (SCA) with AWS aimed at accelerating cloud adoption and modernisation for enterprises across India. The agreement supports

’s hyperscaler-led growth strategy and is expected to strengthen its ability to pursue cloud transformation opportunities in the Indian market. The stock’s decline came after a sharp rally over the previous two trading sessions. During this period, Sonata Software shares surged by as much as 12%, while the stock had gained more than 8% on a closing-price basis across the two sessions. The pullback on Wednesday indicates some profit-taking after the recent sharp run-up, even as the latest AWS partnership provides a positive business development. At 12:45 pm, investors were closely tracking whether the stock could stabilise after its strong two-day advance. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.