IPO multibagger ESDS shares hit 5% lower circuit as Q1 net profit more than halves. Time to sell?
Indian markets moved lower in a quarterly results development for Q1 FY27.
· Economic Times Markets, Business Standard Mkts
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.
Key facts
- Period
- Q1 FY27
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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