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Allied Digital Services touches roof after it selected as MSI for Ayodhya Smart City Project
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Allied Digital Services is currently trading at its upper limit of Rs. 170.90, up by 28.45 points or 19.97% from its previous closing of Rs. 142.45 on the BSE.
The scrip opened at Rs. 143.70 and has touched a high and low of Rs. 170.90 and Rs. 143.70 respectively. So far 661663 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 170.90 on 11-Jan-2024 and a 52 week low of Rs. 71.50 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 170.90 and Rs. 133.35 respectively. The current market cap of the company is Rs. 943.83 crore.
The promoters holding in the company stood at 52.39%, while Non-Institutions held 47.61% stake in the company.
Allied Digital Services (ADSL) has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with Existing ITMS Control Room for the Ayodhya Smart City Project. This project entails the establishment of a multi-location CCTV surveillance system. The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.
The Video Management System (VMS) will play a key role in handling live feeds, while recorded footage will be securely stored on local storage. The primary goals include enhancing safety and security, optimizing city administration efficiency and promoting an improved quality of life for residents even as Ayodhya City is undergoing unprecedented transformation. In addition to setting up of new cameras, Nagar Nigam Ayodhya seeks to integrate the present CCTV surveillance camera network into a unified system which will be connected to the existing ITMS control room. The Command Centre being set up by ADSL will serve as the over-arching control room for the entire surveillance system, both new and existing as well as for further installations in the near future.
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.
