Shares of Allied Digital Services Ltd. were locked in 20% upper circuit to a two-year high on Thursday after it was selected as a master system integrator for the Ayodhya smart-city project.
This project entails the establishment of a multi-location CCTV surveillance system and its integration with the existing Integrated Traffic Management System control room, according to an exchange filing.
The capital-expenditure and the implementation phase is expected to last three months, followed by a five-year operational 7 maintenance phase, the IT services and solutions provider said.
Allied Digital's stock jumped as much as 20% to Rs 170.70 apiece—the highest since Jan. 10, 2022—compared to a 0.18% advance in the benchmark NSE Nifty 50 at 1:51 p.m.
The share price has risen 86.66% in the last 12 months. Total traded volume so far in the day stood at 8.1 times its 30-day average. The relative strength index was at 71, implying that the stock maybe overbought.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
