{
  "id": 6117325,
  "title": "ESDS Shares Hit 20% Upper Circuit For Second Straight Session",
  "url": "https://urgent.news/2026/09/07/esds-shares-hit-20-upper-circuit-for-second-straight-session",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T06:23:23.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/esds-shares-hit-20-upper-circuit-for-second-straight-session/"
  },
  "original_language": "en",
  "account": "ESDS Software Solution's shares reached the 20% upper circuit for the second day in a row, continuing their strong performance following a successful IPO debut. The Indian company, specializing in cloud computing, data centre and managed services, saw its stock trade at ₹1,074.65 on the BSE and ₹1,090.05 on the NSE, more than doubling its IPO price of ₹429. Choice Institutional Equities initiated coverage of ESDS with a 'buy' rating, projecting a 42% upside from the current stock price. The company's AI infrastructure contract with Australia-based Sharon AI is seen as a key growth driver, with revenue expected to increase significantly over the next two years. ESDS has also expanded its infrastructure with ₹576 Cr of IPO funds allocated for data centre equipment. Despite the positive outlook, the brokerage notes risks such as AI contract execution, customer concentration, capital-intensive growth and competition.",
  "summary": "Shares of enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second consecutive trading…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}