India, Sept. 7 -- Shares of enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second consecutive trading session today, extending their rally following a bumper stock market debut last week.

The stock was locked at Rs.1,074.65 on the BSE, taking the company's market capitalisation to Rs.12,596 Cr (about $1.3 Bn). On the NSE, ESDS shares hit the upper circuit at Rs.1,090.05.

At these levels, the stock was trading more than 150% above its IPO issue price of Rs.429.

ESDS made its stock market debut on Friday (September 4), listing at Rs.757 on the NSE, a 76.5% premium over the issue price. On the BSE, the stock opened at Rs.746.30, marking a premium of nearly 74%.

The shares subsequently hit their 2...