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ESDS shares trade more than 150% above IPO price, Inc42 reports · Digg

ESDS shares trade more than 150% above IPO price, Inc42 reports

Inc42 says the cloud and AI company’s shares reached ₹1,074.65 on the BSE, hitting the 20% upper circuit for a second straight session.

Inc42 reported on September 7 that ESDS Software Solution shares hit their 20% upper circuit—the daily price-rise limit—for a second consecutive session. The publisher said shares reached ₹1,074.65 on the BSE, more than 150% above the ₹429 IPO price, taking market capitalisation to around ₹12,596 crore. Inc42 also reported that Choice Institutional Equities gave the stock a “buy” rating with a ₹1,550 target price, citing ESDS’ $1.25 billion AI infrastructure contract with Sharon AI as a key growth driver.

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ESDS shares trade more than 150% above IPO price, Inc42 reports

Inc42 says the cloud and AI company’s shares reached ₹1,074.65 on the BSE, hitting the 20% upper circuit for a second straight session.

Inc42 reported on September 7 that ESDS Software Solution shares hit their 20% upper circuit—the daily price-rise limit—for a second consecutive session. The publisher said shares reached ₹1,074.65 on the BSE, more than 150% above the ₹429 IPO price, taking market capitalisation to around ₹12,596 crore. Inc42 also reported that Choice Institutional Equities gave the stock a “buy” rating with a ₹1,550 target price, citing ESDS’ $1.25 billion AI infrastructure contract with Sharon AI as a key growth driver.

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Inc42@Inc42 4 days ago
📈. @ESDSDataCenter shares are on a post-IPO tear, rallying another 20%. 👇 Enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second straight session, with its stock trading more than 150% above its ₹429 IPO price. The shares hit…
4-2.co
/3SW9MaO
- likes: 4
- replies: 1
- bookmarks: 2
- reposts: 0

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@Inc42📈. @ESDSDataCenter shares are on a post-IPO tear, rallying another 20%. 👇 Enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second straight session, with its stock trading more than 150% above its ₹429 IPO price. The shares hit ₹1,074.65 on the BSE, taking ESDS’ market capitalisation to around ₹12,596 Cr. Founded in 2005 by Piyush Somani and Pratik Somani, ESDS’ blockbuster IPO was subscribed 135.88X and debuted at a 76.5% premium on the NSE. Brokerage Choice Institutional Equities has given the stock a ‘buy’ rating with a ₹1,550 target price, citing ESDS’ $1.25 Bn AI infrastructure contract with Sharon AI as a key growth driver. 🔗 To read the full story, click here: https://4-2.co/3SW9MaO #ESDS #IPO #AIInfrastructure #CloudComputing #News

Posts from X

1 post

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Inc42@Inc42 4 days ago
📈. @ESDSDataCenter shares are on a post-IPO tear, rallying another 20%. 👇 Enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second straight session, with its stock trading more than 150% above its ₹429 IPO price. The shares hit…
4-2.co
/3SW9MaO
- likes: 4
- replies: 1
- bookmarks: 2
- reposts: 0