Newly-listed ESDS Software Solution shares hit the upper circuit limit for the fourth straight session on Wednesday, taking the stock's gain to over 230 percent from its IPO price since its market debut on September 4.
Shares of the company were locked in the 10 percent upper circuit at Rs 1,418.50 per share on the NSE.
The stock had earlier hit the 20 percent upper circuit limit in the previous three sessions. On Wednesday, the price band limit was revised to 10 percent.
From the IPO price of Rs 429 to Wednesday's price of Rs 1,418.50, the stock has jumped 230.65 percent.
Meanwhile, analysts at Choice Institutional Equities have set a target price of Rs 1,550 per share, implying a further upside of 9.27 percent from the current level.