ESDS Software hits 20% upper circuit for second consecutive session

7 Sept 2026, 11:53 am · 5d ago · 1 min read · Inc42

Shares of enterprise cloud and AI infrastructure provider ESDS Software Solution hit the 20% upper circuit for the second straight session following its stock market debut. Locked at Rs 1,074.65 on the BSE, its market capitalization reached Rs 12,596 crore ($1.3 billion), trading over 150% above its Rs 429 IPO issue price. The rally gained momentum after Choice Institutional Equities initiated a buy rating with a target price of Rs 1,550, citing ESDS’s $1.25 billion AI infrastructure deal with Australia-based Sharon AI as a major multi-year revenue growth catalyst.