Latest news with #AlliedDigital
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Business Standard
6 days ago
- Business
- Business Standard
₹420-cr deal lifts Allied Digital share 6%; should you buy, sell or hold?
Allied Digital Services share price: IT service management company Allied Digital Services share price rallied as much as 5.59 per cent to an intraday high of ₹184.05 per share on Wednesday, August 6, 2025. 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.
Business Upturn
6 days ago
- Business
- Business Upturn
Allied Digital shares jump nearly 6% as firm secures Rs 420 crore contract from top European pharma major
By Aditya Bhagchandani Published on August 6, 2025, 11:09 IST Shares of Allied Digital Services surged nearly 6% on Wednesday after the company announced a major international win. The IT services firm has secured a five-year, ₹420 crore contract from a leading European multinational pharmaceutical company. The deal involves transforming the digital workplace experience for over 120,000 employees across 66 countries, spanning the Americas, Europe, and the Middle East. This large-scale engagement will see Allied Digital provide deskside and hardware support, manage meeting room technologies, offer AV platform support, and deliver end-user IMAC (Installation, Move, Add, Change) services. As part of the contract, Allied Digital will also set up IT experience centers in key regions to improve user experience and optimize global IT support operations. At 11:07 AM on August 6, Allied Digital shares were trading at ₹182.86, up 5.57% or ₹9.65 from the previous close of ₹173.21. Updated stock details: Current Price: ₹182.86 ₹182.86 Previous Close: ₹173.21 ₹173.21 Day Range: ₹170.20 – ₹184.30 ₹170.20 – ₹184.30 52-Week Range: ₹147.61 – ₹319.90 ₹147.61 – ₹319.90 Market Capitalization: ₹10.16 billion ₹10.16 billion P/E Ratio: 36.70 36.70 Dividend Yield: Not available Not available Average Volume: 168.49K 168.49K Primary Exchange: NSE This contract win reinforces Allied Digital's growing influence in the digital transformation space and strengthens its position as a trusted global system integrator for enterprise IT modernization. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
6 days ago
- Business
- Business Upturn
Allied Digital secures Rs 420 crore contract with leading European pharma giant
Allied Digital Services Limited, a global IT services provider and Master System Integrator (MSI), has bagged a major five-year contract worth ₹420 crore from a top-tier European multinational pharmaceutical company. The prestigious deal will see Allied Digital overhaul the digital workplace experience for over 120,000 employees across 66 countries—including the Americas, Europe, and the Middle East. This landmark win reinforces Allied Digital's growing footprint in the global IT services space, especially in digital workplace transformation. Under the agreement, the company will deliver a wide array of services such as deskside and hardware support, meeting room technology management, audio-video platform support, and end-user IMAC (Installation, Move, Add, Change) services. As part of the deal, Allied Digital will also set up specialized IT experience centers in strategic regions to boost user satisfaction and streamline IT support for the client's global workforce. This engagement marks a significant step forward in Allied Digital's mission to empower enterprises with next-gen digital infrastructure. It further strengthens the company's position as a trusted partner for large-scale digital modernization projects across industries. With this strategic partnership, Allied Digital continues to cement its role as a leader in delivering seamless, scalable, and user-focused IT solutions on a global scale. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
23-05-2025
- Business
- Business Standard
Allied Digital Services wins additional contract valued Rs 80 cr for Pune Safe City Project
Allied Digital Services announced the receipt of a significant additional contract valued at Rs. 80 crore (approx.). This order involves the design, supply, implementation and maintenance of a comprehensive CCTV-based surveillance system targeted at improving safety in the ghats, tekdis, hills, and secluded areas of Pune City. This initiative is a direct response to increasing concerns among citizens regarding rising criminal activity in these vulnerable locations, which are often plagued by poor lighting, inadequate security infrastructure, and challenging terrains. Recognizing the urgent need for proactive measures, Allied Digital's project will include deploying high-definition cameras, improved lighting, public announcement systems, emergency call boxes, and enhanced police patrols with vehicles and drones. Strategic placement of these security components aims to create a safer environment for women, senior citizens and the community at large. This order builds upon our order win for the Pune Safe City Project, with a total contract value exceeding Rs. 430 crore announced in October 2024 which is currently underway. The cumulative value of both these orders is over Rs. 500 crore.
Business Upturn
23-05-2025
- Business
- Business Upturn
Allied Digital secures additional Rs 80 crore contract for Pune surveillance project
By Aman Shukla Published on May 23, 2025, 15:03 IST Allied Digital Services Limited has recently informed excahgns that the company secured an additional contract worth approximately Rs. 80 crore for the implementation of a CCTV-based surveillance system in Pune. This project focuses on enhancing safety measures in the city's ghats, hills, tekdis, and other secluded areas that have seen rising security concerns due to limited infrastructure and difficult terrain. The scope of the contract includes the design, supply, and maintenance of a system aimed at improving surveillance and emergency response capabilities. Key components of the project include high-definition CCTV cameras, upgraded lighting, public announcement systems, emergency call boxes, and support for police patrols using vehicles and drones. These measures are intended to improve safety for residents and visitors, particularly women and senior citizens. This initiative follows an earlier contract under the Pune Safe City Project, announced in October 2024, which had a contract value exceeding Rs. 430 crore. With the addition of the current project, the total value of Allied Digital's engagements in Pune now surpasses Rs. 500 crore. Both contracts are part of broader efforts to strengthen urban safety infrastructure in the region. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
