Allied Digital Services hits the upper circuit on getting selected as Master System Integrator for the Ayodhya Smart City Project

On Thursday, Allied Digital Services shares hit the upper circuit of 20% to trade at Rs 170.90, from its previous closing of Rs 142.45 on the BSE.

MSI for Ayodhya Smart City Project 

Allied Digital Services Ltd has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with the 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 are 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 soon.

Company profile

Allied Digital Services Limited is an IT services co. providing services of designing, developing, deploying digital solutions, and delivering end-to-end IT infrastructure services, Enterprise applications, and Integrated solutions. The Cos. registered office is in Mumbai and has a presence in India, the USA, UK, Singapore, Australia, and Finland.

Stock price movement 

Today the stock opened at Rs 143.70 and has touched a high and low of Rs 170.90 and Rs 143.70, respectively. The BSE group ‘B’ stock of face value of Rs 5 has a 52-week high and low of Rs 170.90 and Rs 71.50, respectively. 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% respectively.

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