ESDS Software surges 235% in 4 sessions as AI infra fever grips markets
After the recent launch of its IPO, ESDS Software Solutions has seen a noteworthy increase in stock performance, indicating strong investor confidence in the expansion of India's data-centre landscape. This shift is largely due to the soaring demand for cloud technology and AI services. By 2030, India's data-centre capacity is anticipated to grow significantly, fueled by favorable policies and…
New Delhi: ESDS Software Solutions witnessed a staggering surge of 235% in its stock price over just four trading sessions since its debut on September 4. The company's IPO price of ₹429 per share has now tripled, with the stock reaching ₹1,438.85 on the NSE on Wednesday. The rapid rise reflects the growing optimism surrounding India's data-center and artificial intelligence boom, as investors flock to capitalize on the emerging AI infrastructure theme.
The company's $1.25-billion AI infrastructure contract with Sharon AI has significantly boosted earnings expectations. India's cloud GPU market is projected to grow at nearly 50% annually through FY30, while the country's operational data-center capacity is expected to expand to around 4 GW by 2030. The limited float of ESDS's IPO, comprising 1.678 crore fresh shares at ₹429 apiece, with no offer-for-sale component, has also contributed to the heightened trading activity, with 15.8 million shares changing hands on the NSE on debut alone.
ESDS's chairman and managing director, Piyush Somani, highlighted the structural shift in India's infrastructure planning, emphasizing the company's potential to become a key player in the rapidly expanding data-center landscape driven by a surge in artificial intelligence workloads.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
