IPO multibagger ESDS shares hit 5% lower circuit as Q1 net profit more than halves. Time to sell?

Economic Times - Sep 25, 2026

Newly-listed ESDS Software Solution hit the 5% lower circuit at Rs 1,758 after Q1 FY27 net profit fell 57% sequentially to Rs 29.3 crore. Despite stellar post-IPO gains, analysts advise fresh investors to avoid chasing elevated valuations and suggest allotted investors book partial profits.

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India has transitioned from manufacturing primarily for its domestic market to competing in global markets. The Make in India initiative, launched in 2014, aims to boost manufacturing capacity and attract foreign investments. Recent data reveals record foreign direct investment inflows and significant job creation through production incentives. Additionally, the focus will shift towards enhancing India's role in global production and supply chains.

'India moved from manufacture for India to manufacture for the world': Piyush Goyal on 12 years of 'Make in India'
Sep 25, 2026
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