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ESDS Software Dips Despite Profit Surge; JSW Cement Faces ₹230 Cr GST Notice
M
Moneycontrol•25-09-2026, 09:51
ESDS Software Dips Despite Profit Surge; JSW Cement Faces ₹230 Cr GST Notice
- •ESDS Software Solution shares fell 5% even after reporting a 14% YoY jump in Q1 net profit to ₹29.3 crore and a 7.3% rise in revenue.
- •Wheels India shares gained 3% following the opening of its qualified institutions placement (QIP) with a floor price of ₹2,197.10 per share.
- •Nykaa (FSN E-Commerce Ventures) saw a 1% increase after announcing a collaboration with BOLD, L’Oréal's venture fund, to invest in Indian beauty brands.
- •Purple Style Labs shares dropped 2% despite narrowing its Q1 loss to ₹88.1 crore and a 13% YoY revenue increase.
- •JSW Cement shares shed 1% after receiving a show-cause notice for a proposed GST demand of ₹229.85 crore due to alleged incorrect classification.
Key Questions Answered
ESDS Software Solution share price shed 5% during the session as investors engaged in profit booking after its post-listing surge, even though the company reported a 14% year-on-year jump in Q1 net profit to reach ₹29.3 crore.
JSW Cement share price shed 1% after receiving a show-cause notice proposing a GST demand of ₹229.85 crore, along with applicable interest and a 10% penalty, due to an alleged short payment caused by incorrect classification.
JSW One Platforms has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) aiming to raise up to ₹3,054 crore.
