Allied Digital Services Ltd.

Allied Digital Services is currently trading at Rs. 19.10, up by 1.09 points or 6.05% from its previous closing of Rs. 18.01 on the BSE.

The scrip opened at Rs. 18.50 and has touched a high and low of Rs. 19.46 and Rs. 18.10 respectively. So far 48147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 19.46 on 26-Nov-2019 and a 52 week low of Rs. 9.25 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 19.46 and Rs. 15.55 respectively. The current market cap of the company is Rs. 93.63 crore.

The promoters holding in the company stood at 49.05%, while Institutions and Non-Institutions held 0.04% and 50.91% respectively.

Allied Digital Services has bagged Smart City project for Kalyan-Dombivali in consortium with NEC Technologies India. Kalyan-Dombivali are cities in the Thane district of Maharashtra, close to Mumbai. The project is expected to be executed in a period of 14 months and operations and maintenance shall run for 60 months.

The company’s scope includes design and implementation of 800 plus cameras across the cities of Kalyan and Dombivali and also deployment of body worn cameras, drones, dashboard cameras etc. to ensure citizen safety in the region. The company will also be responsible for the operations and maintenance of the project including the operations of the Command and Control center. The Capital expenditure will be realized in 14 months and the operational expenditure over 60 Months.

Allied Digital Services is a leading IT infrastructure management and technical support services outsourcing company. The company is also engaged in the business of Solutions, Infrastructure Management Services.