The Economic Times

ESDS Software shares plunge 8% after skyrocketing 235% from IPO price in 4 days. What lies ahead?

ESDS Software Solutions shares fell sharply on Thursday after surging 235% from their IPO price in four sessions. While strong demand for cloud, AI infrastructure, cybersecurity and digitalisation supports the companys long-term prospects, analysts warn of near-term profit-taking, execution risks and stretched valuations after the stocks sharp post-listing rally.