&w=3840&q=100)
₹420-cr deal lifts Allied Digital share 6%; should you buy, sell or hold?
Around 11:30 AM, Allied Digital shares were trading 3.27 per cent higher at ₹180 per share. In comparison, BSE Sensec was trading 0.26 per cent lower at 80,498.50 levels.
Why did Allied Digital share rise today?
Allied Digital Services' stock surged after the company secured a major five-year contract worth ₹420 crore from a leading European multinational pharmaceutical giant. The deal aims to overhaul the digital workplace experience for over 120,000 employees across 66 countries, including regions in the Americas, Europe, and the Middle East.
Under the agreement, Allied Digital will deliver a wide range of IT services -- spanning deskside and hardware support, collaboration and meeting room technology management, audio-video platform support, and IMAC (Install, Move, Add, Change) services. The company will also set up dedicated IT experience centers in key regions to enhance user satisfaction.
'This strategic engagement will position Allied Digital as a key partner in modernising the client's digital infrastructure and improving the overall employee experience on a global scale, the company said in a statement.
Nitin D Shah, CMD of Allied Digital said, 'We are pleased to announce this landmark contract with a leading multinational pharmaceutical company. This prestigious engagement, valued at ₹420+ crore over five years, focuses on transforming the digital workplace for over 120,000 employees across 66 countries. It validates our global capabilities and highlights our expertise in delivering large-scale, complex and transformative projects, thereby solidifying our position as a trusted provider of enterprise-grade solutions.'
What do experts say?
According to Ravi Singh, SVP of retail research at Religare Broking, Allied digital services share price has taken a sharp reversal from its strong support at ₹149-154 zone with good volume and likely to hit upside targets of ₹208-212 from current market price of ₹179 which has around 18-20 per cent upside potential. With ongoing tariff tensions with the US, investors should approach this stock cautiously as the company has huge revenue exposure from the US.
'On the weekly chart the stock price has taken a reversal from the golden zone of Fibonacci ratio which indicates bullishness further. Investors can consider fresh buying in the stock if it sees any dip towards ₹170 level with risk managed at ₹155 for the upside targets of ₹200-210 on a positional basis,' Singh suggested. Meanwhile, Sudeep Shah, vice president of technical research at SBI Securities said, despite the pullback of nearly 25 per cent in the last three trading sessions (low of ₹147.61 on August 4 to the high of ₹184.30 on August 6, the overall trend is bearish. The price has been moving in a lower high lower low formation since the high of ₹319.90 made on September 5, 2024. The RSI has risen sharply from 23 to 56 in the last three days, while the ADX, a key trend strength indicator, has started to rise, indicating early signs of momentum shifting on the upside. However, the current pullback move from the lower levels can be called a trend reversal yet. The stock still trades below its key long-term averages of 100 & 200 EMA.
'The immediate resistance for the stock is placed in the ₹188-190 zone. This is also the zone where the previous swing high for the stock is placed. The price needs to move up and close above this zone first. Follow up above this zone can lead to price moving to ₹200 followed by ₹225 levels in the short-term. On the downside, the zone of ₹145-150 is likely to act as a strong support for the stock,' Shah added.
About Allied Digital Services
Allied Digital Services Ltd., founded in 1984 and headquartered in Mumbai, is a BSE/NSE-listed global leader in IT consulting and managed services.
With a presence in over 70 countries and a workforce of more than 3,000 professionals, the company is renowned for delivering comprehensive infrastructure solutions and acting as a Master Systems Integrator for enterprises worldwide.
Allied Digital provides a broad portfolio of services including cloud enablement, cybersecurity, software development, infrastructure management, integrated solutions, and workplace services.
It was the first Indian company to implement a Smart City project, executing the landmark Pune City Surveillance initiative in 2015.
The company partners with leading platforms such as AWS, Microsoft Azure, Google Cloud, and VMware to deliver secure, scalable, and customized digital transformation solutions.
Serving Fortune 500 clients across industries like government, healthcare, BFSI, automotive, and retail, Allied Digital leverages deep domain expertise and robust governance frameworks to help businesses modernise their IT ecosystems, enhance operational efficiency, and adapt to an increasingly digital world.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
11 minutes ago
- Business Standard
Afcons Infrastructure shares rise 4% after posting Q1 results; Details
Afcons Infrastructure shares rose 4.2 per cent on Monday, August 11, 2025, and logged an intra-day high at ₹424 per share on BSE. The buying interest on the counter came after the company posted Q1 results on Friday, after market hours. At 10:36 AM, Afcons Infrastructure share price was up 3.98 per cent at ₹423 per share on BSE. In comparison, the Sensex was 0.34 per cent higher at 80,131.41. Afcons Infra Q1 results In Q1, Afcons Infrastructure reported a consolidated profit after tax (PAT) of ₹137 crore, as compared to ₹92 crore year-on-year (Y-o-Y), up 50 per cent. The company's consolidated revenue from operations in the first quarter stood at ₹3,370 crore, as against ₹3,154 crore in the year-ago period, up 6.8 per cent. The Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹445 crore, as compared to ₹372 crore, up 19.6 per cent. Ebitda margin stood at 13 per cent, as against 11.6 per cent a year ago. In Q1 FY26, the company received orders worth ₹1,093 crore. In July 2025, it emerged as L1 in three road and rail projects in Croatia worth ₹11,321 crore. With this, the total L1 stands at ₹21,556 crore. Check List of Q1 results today Our sustained efforts to make an entry in European markets bore fruits with us becoming L1 in multiple large orders in Croatia. This is in line with our strategy of focusing on large orders and expanding our presence in overseas markets,' said Subramanian Krishnamurthy, executive vice chairman (Whole-time Director), Afcons Infrastructure. He added: We are excited by the growth opportunities available both domestically and internationally. We believe that our consistent financial performance, including a sturdy margin profile, positions us well to deliver value to our shareholders. We will continue to remain disciplined in our bidding and financing decisions while focusing on growth. Nuvama Institutional Equities has maintained 'Buy' on the stock with a revised target of ₹523 per share from ₹535. 'While Afcons remains a sterling Engineering, Procurement, and Construction (EPC) player (refer to In a league of its own), execution growth is contingent on payment trajectory. We are cutting FY26E/27E EPS by 2 per cent/5 per cent due to stretched working capital cycle,' the brokerage noted.
Time of India
an hour ago
- Time of India
The crude oil market bets Trump's India threats are hollow
The crude oil market is calm despite U.S. threats to India over Russian oil. Trump imposed tariffs due to India's oil imports. These tariffs may halt U.S. imports from India. Trump aims to pressure Russia before meeting Putin. India might stop buying Russian oil to avoid tariffs. The market expects India to find alternative oil sources. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads DIFFERENT THIS TIME? The crude oil market 's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually Donald Trump cited India's imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due to take effect on August the new tariff rate does come into place, it will take the rate for some Indian goods to as much as 50%, a level high enough to effectively end U.S. imports from India, which totalled nearly $87 billion in with everything related to Trump, it pays to be cautious given his track record of backflips and also not exactly clear what Trump is ultimately seeking, although it does seem that in the short term he wants to increase his leverage with Russian President Vladimir Putin ahead of their planned meeting in Alaska this week, and he's using India to achieve Trump follows through on his additional tariffs on India remains uncertain, although the chances of a peace deal in Ukraine seem remote, which means the best path for India to avoid the tariffs would be to acquiesce and stop buying Russian this is an outcome that simply isn't being reflected in current crude oil benchmark Brent futures have weakened since Trump's announcement of higher tariffs on India, dropping as low as $65.81 a barrel in early Asian trade on Monday, the lowest level in two is a price that entirely discounts any threat to global supplies, and assumes that India will either continue buying Russian crude at current volumes, or be able to easily source suitable replacements without tightening the global these reasonable assumptions?The track record of the crude oil market is somewhat remarkable in that it quickly adapts to new geopolitical realities and any price spikes tend to be Russian invasion of Ukraine in February 2022 sent crude prices hurtling toward $150 a barrel as European and other Western countries pulled back from buying Russian within four months the price was back below where it was before Moscow's attack on its neighbour as the market simply re-routed the now discounted Russian oil to China and other words, the flow of oil around the globe was shifted, but the volumes available for importers remained much the what Trump is proposing now is somewhat different. It appears he wants to cut Russian barrels out of the market in order to put financial pressure on Moscow to cut a deal over are effectively only two major buyers for Russian crude, India and the world's biggest crude importer, has more leverage with Trump given U.S. and Western reliance on its refined critical and other minerals, and therefore is less able to be coerced into ending its imports of Russian is in a less strong position, especially private refiners like Reliance Industries , which will want to keep business relationships and access to Western imported about 1.8 million barrels per day of Russian crude in the first half of the year, or about 37% of its total, according to data compiled by commodity analysts Kpler About 90% of its Russian imports came from Russia's European ports and was mainly Urals is a medium sour crude and it would raise challenges for Indian refiners if they sought to replace all their Urals imports with similar grades from other are some Middle Eastern grades of similar quality, such as Saudi Arabia's Arab Light and Iraq's Basrah Light, but it would likely boost prices if India were to seek more of these Chinese refiners were able to take the bulk of Russian crude given up by India, it may allow for a re-shuffling of flows, but that would not appear to be what Trump and his advisers may believe there is enough spare crude production capacity in the United States and elsewhere to handle the loss of up to 2 million bpd of Russian testing that theory may well lead to higher prices, especially for certain types of medium crudes which would be in short simplistic to say that higher U.S. output can supply India's refiners, as this would mean those refiners would have to be willing to accept a different mix of refined products, including producing less diesel, as U.S. light crudes tend to make more products such as now the crude oil market is assuming that the Trump/India/Russia situation will end as another TACO, the acronym for Trump Always Chickens the reality is likely to be slightly more messy, as some Indian refiners pull back from importing from Russia, some Chinese refiners may buy more and once again the oil market goes on a geopolitical this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis of everything from swap rates to soybeans. Markets are moving faster than ever. ROI can help you keep up. Follow ROI on LinkedIn and X.(The views expressed here are those of the author, a columnist for Reuters.)
Mint
an hour ago
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 11 August 2025
Stocks to buy under ₹ 100: The Indian stock market ended lower for the sixth straight session, and the Nifty 50 index clocked its longest losing streak since March 2020. This sustained downturn over six weeks has resulted in a cumulative loss of 4.97% for the Nifty 50 index. On the week's final session, the selling pressure was acute, as the Nifty fell 232 points (0.95%) to close at 24,363, marking its lowest level in the last three months. In an overall weak market today, a few names showed relative resilience. NTPC, Titan, and Dr. Reddy's Laboratories led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for IndusInd Bank, Bharti Airtel, and Adani Enterprises, which ended as the major losers within the Nifty pack. Trading volumes in the NSE cash market were slightly higher by 2% compared to yesterday. Speaking on the outlook of the Nifty 50 index, Nandish Shah, Deputy Vice President, HDFC Securities, said, "The Nifty 50 index is currently heading towards its next significant support zone of 24,150 to 24,200, where multiple technical signals, including the 200-day DEMA, a price gap, and Fibonacci retracements, all coincide. On the upside, the 24,500-24,600 band is expected to offer resistance." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index plunged from the 55,600 zone in the morning session and continued with the slide as the day progressed to end on a weak note with a bearish engulfing pattern on the daily chart signalling weak sentiment and can anticipate further slide. The 100-period MA positioned at the 54,800 level is at risk, and a decisive breach below shall trigger a fresh downward slide with the 53,500 zone as the major support of the previous low made." Regarding stocks to buy today, market experts — Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi; Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Anshul Jain, Head of Research at Lakshmishree Investment; and Sugandha Sachdeva, Founder of SS WealthStreet, recommended these six intraday stocks for today: TTML, Delta Corp, Bank of Maharashtra, Filatex India, Geojit Financial Services, and Sumit Woods. 1] TTML: Buy at ₹ 57, Target ₹ 60, Stop Loss ₹ 55.50; and 2] Delta Corp: Buy at ₹ 82, Target ₹ 86, Stop Loss ₹ 80. 3] Bank of Maharashtra: Buy at ₹ 55.65, Target ₹ 59, Stop Loss ₹ 54. 4] Filatex India: Buy at ₹ 52, Target ₹ 57, Stop Loss ₹ 50; and 5] Geojit Financial Services: Buy at ₹ 72, Target ₹ 76, Stop Loss ₹ 70. 6] Sumit Woods: Buy at ₹ 95.70, Targets ₹ 100.70, ₹ 103.50, Stop Loss ₹ 91.50.
