India's Allied Digital Services jumps after contract win

Allied Digital Services

08/10/2024 09:06

** Shares of Allied Digital Services  ADIS.NS  rise as much
as 15.7% to 282.95 rupees
    ** The IT services provider says it has been awarded Pune
Safe City project for total contract value of more than 4.3 bln
rupees ($51.2 mln)
    ** Stock on track to snap three consecutive session of
losses, if trend holds    
    ** Avg rating of two analysts equivalent of "strong buy",
median PT is 173.50 rupees - LSEG data
    ** Stock up 102%, YTD 

   ($1 = 83.9550 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))