India's Allied Digital Services soars after contract win

Allied Digital Services

25/08/2021 08:08

** Shares of IT services co  ADIS.NS  surge as much as 10%
at 65.45 rupees, posting their biggest intraday pct gain in more
than three months
    ** Co says https://bit.ly/38aQ3cv won six-year contract
worth $88 mln for "IT operating model and infrastructure
landscape across workplace management for a global automotive
giant"
    ** ADIS did not disclose the name of the auto firm but said
the contract would span work in several countries 
    ** More than 217,000 shares traded by 0640 GMT, 0.8 times
their 30-day avg
    ** As of last close, ADIS had risen 59.7% this year vs a
39.53% gain in the Nifty IT index  .NIFTYIT 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))