ESDS Shares Triple From IPO Price, Hit 20% Upper Circuit For Third Straight Session

•ESDS shares hit 20% upper circuit for 3rd straight session, more than tripling from ₹429 IPO price.

•Stock locked at ₹1,289.55 on BSE, taking market capitalisation to ₹15,114.9 Cr ($1.6 Bn).

•Choice Institutional Equities initiates 'buy' rating with target price of ₹1,550, citing AI infrastructure contract with Sharon AI.

•Stock up 200.6% above IPO issue price, narrowing upside to 18.5% from target price.