Three newly-listed companies delivered exceptional returns in their first month of trading, with ESDS Software Solution, Dhoot Transmission, and Milky Mist Dairy Food all hitting significant upper circuit limits on Friday. According to reports from Business Standard, ESDS Software Solution stock was locked at the 10% upper circuit at ₹1,716.35, representing a 92% gain in the past week and a remarkable 300% surge against its issue price of ₹429. Dhoot Transmission was locked at 10% upper circuit at ₹1,727.35, trading 98% above its issue price of ₹871 since its August 17, 2026 listing. Milky Mist Dairy Food hit the 5% upper circuit at ₹293.30, gaining 110% against its issue price of ₹140 since its August 18, 2026 debut.
According to analysts at Choice Institutional Equities, ESDS offers compelling exposure to India's structural cloud, data-centre and AI infrastructure build-out with full-stack capabilities across cloud, managed infrastructure and datacentre services. The company secured a $1.25 billion AI contract that adds significant momentum to its earnings trajectory. As reported by Business Standard, ESDS clarified there is no undisclosed price-sensitive information affecting the stock movement, with the company attributing the price surge to typical trading activity in newly-listed securities and prevailing market conditions.
Dhoot Transmission reported strong Q1FY27 results with 50% year-on-year growth, as detailed in the company's earnings announcement. According to Business Standard, revenue from wiring harness grew 44.6% YoY while non-wiring harness business revenue increased 67.7%. Electric vehicle revenue surged 79% in the quarter, bringing EV contribution to 27% of total revenue from 24% last year. EBITDA margins improved 110 basis points to 15% compared to Q4 FY2026, with management expressing confidence in delivering 25-30% growth for the year ahead.
Milky Mist commissioned a new Skyr and Greek yoghurt production facility at its Perundurai, Tamil Nadu facility, adding 150 tonnes/day or 54,750 tonnes of annual production capacity. As reported by Business Standard, the company invested ₹40 crore in this expansion, part of its ₹414.70 crore modernisation programme. Yoghurt revenue grew 4x over FY24-26 to ₹195 crore, with annual demand for yoghurt growing by over 50% and high-protein yoghurt demand doubling. The company currently operates at 62% utilisation with 5,580 tonnes annual yoghurt capacity.
