Vineeta Mahnot, the charming stock picker with Hem Securities, appears to have developed a liking for software stocks. After the stupendous performance of Tata Elexsi and RS Software, Vineeta’s latest pick is Sonata Software
When you talk about Vineeta Mahnot and her stock picks, you must use a hushed tone. Why? Because she has more multibagger stocks to her credit than any other stock picker.Vineeta’s latest stock pick is Sonata Software. She points out that Sonata has reported excellent results for the June 2014 quarter with revenues, operating profit and margins showing a steep increase. The company is also debt-free.At the end of a succinct analysis, Vineeta recommends a buy on the basis that:About Sonata SoftwareSonata is a global IT services company with a track record of serving leading Independent Software Vendors and Enterprise Customers around the globe. Its unrelenting focus on going deeper with domain knowledge, technology expertise and customer commitment, coupled with people skills, strong delivery mechanism and expanding global footprint makes it a strategic IT partner of choice for best of breed customers. Maintaining its growth momentum across businesses and geographies, Sonata has been enhancing stakeholders’ value sustainably.Standalone financialsTotal income has shown a growth of 44%, Earnings before Interest, Depreciation and Taxes (EBIDTA) a growth of 128% and Net Profit growth of 242%. Earnings per share at 5.12 showed a growth of 242%.Now, you have to ponder over the difficult question as to whether you can really ignore Vineeta Mahnot’s stock recommendation.