ESDS Software share price hits 5% lower circuit for second session straight | What’s behind the plunge?

ESDS Software Solutions share price continued its downward trajectory, hitting the 5% lower circuit for the second consecutive session on Thursday, 17 September. The stock opened at ₹1,646.85 today, as compared to the previous close of ₹1,733.50 on Wednesday.

The stock witnessed intense selling pressure as investors rushed to book profits after rising sharply following a bumper listing. However, the stock is still trading 117% higher from its listing price of ₹757.