New Delhi, Sept. 11 -- ESDS Software Solution has gone from a fresh IPO listing to one of the market's biggest breakout stories in just a handful of sessions. The AI and cloud infrastructure player has seen its shares skyrocket from the Rs.429 IPO price to Rs.1,675.15, delivering a jaw-dropping nearly 290% return to investors who secured an allotment.

The frenzy showed no signs of cooling on Friday, September 11, when the stock surged as much as 7.3% to hit Rs.1,675.15 on the BSE, after opening at Rs.1,565.25. That came after the counter had already slammed into its 10% upper circuit in each of the previous two sessions. Before that, the stock had spent two straight sessions locked in a 20% upper circuit, underscoring the extraordinary b...