Upper circuit alert: This Global IT Services company to elevate Ayodhya's Smart City with advanced CCTV Integration

Shares of Allied Digital Services hit upper circuit on getting selected as Master System Integrator (MSI) for the Ayodhya Smart City Project

On Thursday’s trading session, Allied Digital Services shares hit upper circuit of 20% to trade at its 52-week high of Rs 170.90, from its previous closing of Rs 142.45.

Today, Allied Digital Services Ltd shares locked in the upper circuit as the company announced that it has been selected as the Master System Integrator (MSI) for integrating CCTV Surveillance into the Existing ITMS Control Room for the Ayodhya Smart City Project. The initiative involves deploying a multi-location CCTV surveillance system, with an anticipated three-month capital expenditure (CAPEX) and implementation phase, followed by a five-year operational and maintenance (O&M) period. The Video Management System (VMS) will play a pivotal role in managing live feeds, while securely storing recorded footage on local storage. The project's primary objectives include bolstering safety and security, optimizing city administration efficiency, and enhancing residents' quality of life amid Ayodhya City's unprecedented transformation.

Nagar Nigam Ayodhya aims to not only install new cameras but also integrate the existing CCTV surveillance camera network into a unified system linked to the current ITMS control room. The Command Centre established by ADSL will function as the overarching control room for the entire surveillance system, encompassing both new and existing components, with provisions for future installations.

On Thursday, the stock opened at Rs 143.70 and has touched a high and low of Rs 170.90 and Rs 143.70 respectively. The stock has a 52-week high and low of Rs 170.90 and Rs 71.50, respectively. The current market cap of the company is Rs 943.83 crore.

Established in 1984, Allied Digital Services is engaged in designing, developing, deploying and delivering end-to-end IT Infrastructure services with IT consulting, services providers and system integrator offering the entire spectrum of infrastructure solutions and services across 35 countries.

Disclaimer: The article is for informational purposes only and not investment advice.