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AUTHOR
INTRODUCTION
Sonata is a global technology company, that enables successful platform based digital
transformation initiatives for enterprises, to create businesses that are connected, open,
intelligent and scalable. Sonata’s Platformation methodology brings together industry
expertise, platform technology excellence, design thinking-led innovation and strategic
engagement models to deliver sustained long term value to customers. A trusted partner of
world leaders in the Retail, Manufacturing & Distribution, Travel and Software industries,
Sonata’s solution portfolio includes its own digital platform such as Brick & Click Retail
Platform, Modern Distribution Platform, Rezopia Digital Travel Platform, RAPID DevOps
Platform, Kartopia E-commerce Platform, Halosys Mobility Platform, and Commodity CTRM
Platform, best-in-class capabilities on ISV digital technology platforms such as Microsoft
Dynamics 365, Microsoft Azure, SAP Hybris, Cloud Engineering and Managed Services, as
well as new digital applications like IoT, Artificial Intelligence, Machine Learning, Robotic
Process Automation, Chatbots, Block Chain and Cyber Security. Sonata’s people and systems
are nurtured to bring together the depth of thought leadership, customer commitment and
execution excellence to make a difference to business with technology.
OBJECTIVE
The objective was to find out the beta of Sonata Software Limited and its significance.
DATA COLLETION
The data for Sonata Software Limited and Nifty 50 was taken from https://www.nseindia.com/
(National Stock Exchange). The data downloaded was from a period of 1-12-2018 to 30-11-
2019 only, the closing rates of all the Fridays in the year were sorted to find out weekly returns
for both Nifty and Sonata Software Limited was taken. The weekly return of Sonata Software
Limited was taken as (Y) and the weekly return of Nifty was taken as (X).
DATA ANALYSIS
Utilizing the Regression Add-on in Microsoft Excel Data Analytics tool below values was
acquired.
Below expression shows the relationship model between Sonata Software Limited and
NIFTY50 weekly returns:
R Square = 0.131294995627745
a = 149.664982069406
b = 0.0153644919571197
F = 7.40579915319867
Significance F = 0.00897575817777857
P-value = 0.00897575817777854
N= 50
CONCLUSION
There is a positive relationship between NIFTY weekly returns and Sonata Software Limited’s
weekly returns.
P-value is less than 0.05 which means strong evidence against the null hypothesis, so we will
reject the null hypothesis.