Allied Digital Services rises on bagging project from MSETCL
![Allied Digital Services rises on bagging project from MSETCL](https://portfolio.investmentguruindia.com/uploads/news/ITSector4.jpg)
Allied Digital Services is currently trading at Rs. 276.05, up by 1.50 points or 0.55% from its previous closing of Rs. 274.55 on the BSE.
The scrip opened at Rs. 278.75 and has touched a high and low of Rs. 279.25 and Rs. 271.50 respectively. So far 22564 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 319.55 on 05-Sep-2024 and a 52 week low of Rs. 123.95 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 286.00 and Rs. 225.40 respectively. The current market cap of the company is Rs. 1551.81 crore.
The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 1.67% and 47.00% respectively.
Allied Digital Services has been awarded a project by Maharashtra State Electricity Transmission Company (MSETCL) to upgrade and modernize its network through the implementation of Software-Defined Wide Area Network (SD-WAN). As part of this initiative, Allied Digital will deploy a cutting-edge SD-WAN solution across MSETCL’s offices, extending to the Division Office level, ensuring a high-performance, reliable, and consistent network infrastructure.
This project is valued at more than Rs 14 crore and shall be implemented in 4-8 weeks followed by 60 months of O&M (Operations & Maintenance), ensuring optimal network performance and continued support. This strategic win further cements Allied Digital’s leadership in network transformation and smart infrastructure solutions, driving digital innovation in the power sector.
Allied Digital Services 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.
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