ESDS Software Solution shares hit lower circuit for seventh day | Key triggers behind the sell-off

ESDS Software Solution share price touched the 5% lower circuit for the seventh consecutive session on Tuesday, 6 October, extending the stock’s recent decline. The company’s one-month shareholder lock-in period ended on Monday, making around 3 million shares, or 2% of its total outstanding shares, eligible for trading.

However, the expiry of the lock-in period does not mean that these shares will necessarily be sold in the open market. It only makes the locked-in shares eligible for trading.