Allied Digital Services surges on receiving LoI worth Rs 49 crore
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Allied Digital Services is currently trading at Rs. 124.50, up by 1.75 points or 1.43% from its previous closing of Rs. 122.75 on the BSE.
The scrip opened at Rs. 122.80 and has touched a high and low of Rs. 127.75 and Rs. 122.80 respectively. So far 5518 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 176.00 on 10-Jan-2022 and a 52 week low of Rs. 55.00 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 127.95 and Rs. 120.45 respectively. The current market cap of the company is Rs. 677.57 crore.
The promoters holding in the company stood at 53.21%, while Institutions and Non-Institutions held 0.34% and 46.45% respectively.
Allied Digital Services (ADSL) has received Letter of Intent (LoI) for Solapur Safe City project as a sole bidder. Total Contract Value is approximately Rs 49 crore. The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.
Allied Digital's scope includes setting up of City Communication Network, State of the art Command Control Center, City-Wide Surveillance System, Intelligent Traffic Management Systems including Automatic Number Plate Recognition System and Red-Light Violation Detection System, Adaptive Traffic Management System, Public Address System, Emergency Panic Buttons and Data Center.
Allied Digital Services (ADSL) is a leading IT infrastructure management and technical support services outsourcing company. The company provides technical support services to business-to-business, business-to-consumer, e-commerce and corporate internal environments.
