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Market move▼ Strongly bearish for ESDS Software Solution
ESDS Software shares in 5% lower circuit for second straight day - Here's why the stock is falling
The brief
- Choice Broking cut its FY27 revenue estimate for ESDS to ₹1,876 crore from ₹2,263 crore
- ESDS shares hit the 5% lower circuit for a second consecutive day
- Lower revenue expectations weigh on ESDS Software Solution shares
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ESDS Software's post-results share decline
ESDS reported June-quarter net profit of ₹29.3 crore, up 14% year over year but down 57% sequentially, while revenue rose 7% year over year and fell 20% sequentially. Its shares hit the 5% lower circuit; separately, JSW Cement received a ₹230 crore GST demand notice.
Monday, 28 September
- ESDS Software shares in 5% lower circuit for second straight day - Here's why the stock is falling