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ESDS Software Solution shares hit lower circuit for the 7th consecutive day.
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CNBC Awaaz•06-10-2026, 11:56
ESDS Software Solution shares hit lower circuit for the 7th consecutive day.
- •ESDS Software Solution share price hit a 5 percent lower circuit for the seventh straight trading session on Tuesday, closing at Rs 1,292.15 on the BSE.
- •The one-month shareholder lock-in period for the company ended on Monday, making approximately 30 lakh shares eligible for trading.
- •The newly eligible shares account for about 2 percent of the company's total outstanding shares.
- •The company reported a 56 percent sequential drop in net profit to Rs 29.27 crore for the June quarter.
- •Despite the recent slump, the stock had previously been listed at over a 76 percent premium compared to its IPO price of Rs 429.
Key Questions Answered
ESDS Software Solution shares hit the 5 percent lower circuit on Tuesday, October 6, driven by investor selling following weak financial results and the expiration of the one-month shareholder lock-in period, which made roughly 30 lakh shares eligible for trading.
ESDS Software Solution shares debuted on the stock exchanges on September 4 with a heavy premium of over 76 percent compared to its IPO issue price of Rs 429, listing at Rs 757 on the NSE and Rs 746.30 on the BSE.
In the June quarter, ESDS Software Solution experienced a 56 percent sequential drop in net profit to Rs 29.27 crore compared to the previous quarter, while revenue from operations fell 20 percent quarter-on-quarter to Rs 133.65 crore.
