ESDS Software shares hit 5% lower circuit, crash nearly 30% in 6 sessions. What’s behind the selloff?
Shares of ESDS Software Solutions, one of the best-performing IPOs in India in 2026, fell as much as 5% to hit the lower circuit of Rs 1,360 on Monday, extending losses for a sixth straight session. The stock has declined nearly 30% over the past six sessions.
The decline comes as the one-month shareholder lock-in period expired today. According to Nuvama Alternative & Quantitative Research, around 2.5 million ESDS Software shares, equivalent to 2.5% of the company’s outstanding equity, became eligible for trading following the expiry.
