ESDS Software shares hit 5% lower circuit, crash nearly 30% in 6 sessions. What's behind the selloff?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ESDS Software shares fell 5% to hit the lower circuit of Rs 1,360 on Monday, marking a 30% drop over six sessions.
- ✓This selloff followed the expiry of a one-month shareholder lock-in period.
- ✓Expert Santosh Meena said, “Fresh investors should avoid chasing at current levels and wait for a meaningful correction.”
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
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.
However, the expiry of the shareholder lock-in does not mean that all these shares will be sold in the open market. It only makes the shares eligible to be traded.
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The Economic Times
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