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ESDS Software Shares Crash for 6th Day, 2.5 Million Shares Now Available for Trading
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CNBC Awaaz•05-10-2026, 12:45
ESDS Software Shares Crash for 6th Day, 2.5 Million Shares Now Available for Trading
- •ESDS Software Solutions shares hit a 5 percent lower circuit for the sixth consecutive day on Monday, October 5.
- •The company's one-month shareholder lock-in period ended, making 2.5 million shares (2.5% of total equity) available for trading.
- •The stock has fallen significantly from its post-listing high of Rs 1,859.2, which was over 4 times its issue price of Rs 429.
- •The decline began after the first-quarter results showed a 20 percent revenue decrease and net profit of only Rs 29 crore, much lower than estimates.
Key Questions Answered
ESDS Software Solutions shares hit a 5 percent lower circuit for the sixth consecutive trading session on Monday, October 5, as the one-month shareholder lock-in period ended and 2.5 million shares became available for trading.
A total of 2.5 million shares of ESDS Software Solutions, representing 2.5 percent of the company's total outstanding equity, became available for trading following the expiration of the one-month shareholder lock-in.
The downward trend in ESDS Software shares began following the release of its first-quarter results, where revenue dropped by 20 percent sequentially and net profit stood at only Rs 29 crore, falling well short of brokerage estimates.
