ESDS Software Solution share price has been on fire since listing. The strong debut was followed by another sharp upward move, taking the stock’s gains to around 230% from its IPO issue price.
Just today, 9 September, the stock hit its 10% upper circuit of ₹1,418.50 per share on BSE. In the last 2 sessions as well, the stock had hit its 20% upper circuit.
ESDS Software Solution shares were listed at ₹757 on the NSE on 4 September, a 76.46% premium over the IPO issue price of ₹429 per share. On the BSE, it opened at ₹746.30, a 73.96% premium over the issue price.
Investors who received shares in the IPO have seen their investment more than tripled in just four trading sessions. On the listing day itself, Friday, September 4, the stock had surged around 112%.
After a stock delivers a strong listing-day performance, the next question for investors is often whether the rally still has room to run or whether it is time to wait for a more attractive entry point.