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Allied Digital Services gains on bagging Smart City project in Aurangabad

Allied Digital Services is currently trading at Rs. 18.10, up by 0.83 points or 4.81% from its previous closing of Rs. 17.27 on the BSE.

The scrip opened at Rs. 18.49 and has touched a high and low of Rs. 18.50 and Rs. 17.75 respectively. So far 5858 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 19.39 on 22-Apr-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. 18.69 and Rs. 15.60 respectively. The current market cap of the company is Rs. 86.70 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 Aurangabad in consortium with KEC (RPG Group Company). The project is expected to be executed in a period of 12 months and operations and maintenance shall run for 60 months.

Allied Digital Services’ scope includes setting up of a Command Control Center, Operations Command Center, Smart Bus Stop, ICT enabled Waste Management, City Wi-Fi, Digital Outdoor Display and Kiosks, City Surveillance and Environmental Sensors. Additionally, Allied Digital will also be responsible for setting up of Data Center and Cloud based Solutions. The Capital expenditure will be realized in 12 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.

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