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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…

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

Synopsis

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 company’s long-term prospects, analysts warn of near-term profit-taking, execution risks and stretched valuations after the stock’s sharp post-listing rally.

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Reported by Debaroti Adhikary · Syndicated via official news feed

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