new stock buy - sonata software

Entered a new stock - Sonata Software.

Reasons to buy

Market cap - 360crores ~ 85mn USD

strong promoters - Raheja group
strong U.S. presence
strong presence in the indian market
strong partnerships with tier 1 vendors - oracle, msft, mercury
CMM level 5 - prime candidate for a buyer
closely held by few large shareholder groups - promoters, management, ESOP making strategic moves easy.
just acquired a large european IT company - 50.1% making their numbers a part of the parent
good cash flow - quarterly profit of about 10 crores - 2.5mn USD or about 10mn USD a year excluding growth.

I'm up 50% on the rest of my portfolio from the past 6 months (excluding Astra Microwave which has not yet moved).

Lets see how Sonata contributes.

'Naukri, twice as big as Monsterindia'

A nice letter by Sanjeev who is the founder of Naukri.com proving quite conclusively that it's twice as big as Monster India. Good one.
Letter to Rediff