India, Sept. 8 -- Shares of enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the third consecutive session today, taking the stock to more than three times its IPO issue price.

The stock was locked at Rs.1,289.55 apiece on the BSE, taking ESDS' market capitalisation to Rs.15,114.9 Cr ($1.6 Bn). On the NSE, the stock was locked at Rs.1,308.05 as of 12:36 PM IST.

At these levels, ESDS shares were trading 200.6% above their IPO issue price of Rs.429 apiece on the BSE. On the NSE, the stock was up 204.9% from the issue price.

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