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The Economic Times

Business

Veer Sharma

IPO multibagger ESDS shares hit 5% lower circuit as Q1 net profit more than halves. Time to sell?

ESDS IPO ESDS Software Solution India Veer Sharma SEBI

Shares of newly-listed ESDS Software Solution, which had delivered multibagger returns in a post-listing rally earlier this month, hit the 5% lower circuit at Rs 1,758 after the company reported a weak set of numbers for the first quarter of financial year 2027.

Despite the downturn, ESDS Software Solution has rallied around 330% from its IPO price of Rs 429. The stock closed at Rs 1,853.15 on Thursday, taking the company's market capitalisation to around Rs 21,700 crore.

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