Why did ESDS shares surge 300% in just 6 sessions after listing?

ESDS Software Solution's shares soared from the IPO price of ₹429 to ₹1716.35 in six sessions since listing last week, marking a 300% return for investors. The rally is driven by strong trading momentum and intense investor excitement over AI and data-centre infrastructure in India. Brokerage firm Choice Equity Broking has initiated coverage on ESDS with a "Buy" recommendation.