Allied Digital Services trades higher on bagging Lucknow Safe City project
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Allied Digital Services is currently trading at Rs. 158.65, up by 1.05 points or 0.67% from its previous closing of Rs. 157.60 on the BSE.
The scrip opened at Rs. 156.55 and has touched a high and low of Rs. 163.80 and Rs. 154.80 respectively. So far 35012 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. 45.00 on 04-May-2021.
Last one week high and low of the scrip stood at Rs. 165.30 and Rs. 138.05 respectively. The current market cap of the company is Rs. 872.17 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 has bagged Lucknow Safe City project as a sole bidder (No Consortium) against stiff competition from Global Giant Companies. Total Contract Value is of more than Rs 85 crore. The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.
The company’s scope includes setting up of City-Wide Surveillance System, Artificial Intelligence based Video Analytics, Drones, Mobile Device Terminals, Integrated Smart Control Room, Data Center, and Cloud Based Disaster Recovery.
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.
