Brokerage firm IDBI Capital is bullish on software and consulting company Sonata Software on the back of strong financial performance over the past few quarters under the leadership of new chief executive officer (CEO), Samir Dhir. It sees over 19 per cent more upside in the stock, despite the shares giving 163 per cent returns in a year.

As per the brokerage, Sonata Software’s alliances with technology leaders such as Microsoft, Oracle, and IBM; and involvement in several early adoption partnerships provide the company with an early-mover advantage on newer technology and releases.

Not just that, as per the brokerage,