ESDS Software Share Price: Stock Triples In Just 3 Days Of Listing | Still A Buy?

ESDS Software has continued its strong post-listing rally, gaining sharply for the second consecutive session. Dharmesh Kant, Head of Equity Research, Chola Securities, says the company is well positioned within India’s data centre ecosystem and sees its Australian joint venture as a major potential catalyst. If the proposed $1.2 billion arrangement materialises, ESDS could potentially see more than 10X top-line growth over time. Despite the sharp move since listing, the stock could still offer upside if the deal progresses. Investors considering the counter should keep a two-to-three-year horizon in mind, with a potential doubling from current levels, according to the analyst.