India, Oct. 5 -- Lock-in expiries on recently listed stocks tend to follow a predictable script in Indian markets: a sudden jump in tradeable float meets a stock that has already run up sharply, and short-term profit booking often takes over even when the underlying business hasn't changed overnight. ESDS Software Solution, one of the standout IPO performers of the year, found itself in exactly this situation as a meaningful slice of its anchor investor shares came out of lock-in.

Shares of ESDS Software Solution Ltd. were trading at Rs. 1,362.40, down 5.00 percent from previous close of Rs. 1,434.10. The stock opened at Rs. 1,362.40, reaching an intraday high of Rs. 1,362.40 and low of Rs. 1,362.40. The company currently has a market c...