The Economic Times

IPO multibagger ESDS shares hit 5% lower circuit as Q1 net profit more than halves. Time to sell?

Newly-listed ESDS Software Solution hit the 5% lower circuit at Rs 1,758 after Q1 FY27 net profit fell 57% sequentially to Rs 29.3 crore. Despite stellar post-IPO gains, analysts advise fresh investors to avoid chasing elevated valuations and suggest allotted investors book partial profits.