India, Sept. 9 -- Riding the bulls since listing last Friday, stock of enterprise cloud and AI company ESDS Software Solution hit an upper circuit of 10% for the fourth consecutive session today, taking the stock to more than three times its IPO issue price.

The stock is locked at a 10% upper circuit of Rs.1,418.50 on the BSE today (September 9), with market capitalisation to Rs.16,626.38 Cr ($1.75 Bn). On the NSE, the stock was locked at Rs.1,438.85 as of 15:07 IST.

At these levels, ESDS' shares are trading 3.3X above its IPO issue price of Rs.429 apiece on the BSE. This is also a 90% jump from its listing price of Rs.746.30.

ESDS made its stock market debut on September 4, listing at Rs.757 on the NSE, a premium of 76.5% over its iss...