ESDS Software Solution shares surge 5% to Rs 1,661.75 in sixth consecutive gain
Shares of ESDS Software Solution climbed another 5%, marking its sixth straight trading session up. The stock has gained nearly 287% from its IPO price.
ESDS Software Solution shares advanced 5.03% on Friday, reaching Rs 1,661.75 and extending a streak of six consecutive upward days. Trading data shows the company's stock has risen approximately 287% from its Initial Public Offering price of Rs 429. On the first day of listing, shares climbed nearly 112%, closing at Rs 908.40. The initial issue price was Rs 757, representing a premium of around 76.5%. Chairman Piyush Somani stated that India could realistically add 30 to 40 gigawatts of new data centre capacity over the next decade, supported by renewable power and favorable policies. He noted this potential growth is significant compared to the current installed base of roughly 1,545 megawatts. During its public offering, investors subscribed to the stock 136 times on average.
