Allied Digital share price

Allied Digital Stock Soars 15% After Securing ₹430 Crore Pune Safe City Project

Allied Digital Services Ltd saw a dramatic surge in its stock price after winning a prestigious ₹430 crore contract for the Pune Safe City Project. The company’s share price leapt by an impressive 15.17% during Tuesday’s intraday trade, reaching ₹282 per share on the Bombay Stock Exchange (BSE).

Intraday Trading Highlights: Allied Digital Outperforms Sensex

At 1:31 PM, the stock was trading 12.91% higher at ₹276.45 per share. In stark contrast, the BSE Sensex recorded a modest 0.61% rise to 81,547.60. The explosive growth of Allied Digital’s stock highlights investor confidence, driven by the company’s role in revolutionizing urban safety through cutting-edge technology.

Pune Safe City Project: Transforming Urban Security

The Pune Safe City Project is set to be a game-changer for the city’s security infrastructure. As part of this six-year contract, Allied Digital will design, architect, integrate, and implement an advanced AI-driven surveillance system, deploying over 4,000 AI-enabled cameras across 1,400 key locations in Pune. This initiative, carried out in collaboration with the Pune Police and the Government of Maharashtra, Home Department, will significantly boost the city’s ability to monitor and respond to security threats in real-time.

The cutting-edge technology deployed will serve as a crucial backbone for Pune’s smart city initiatives, ensuring safer public spaces and greater transparency in law enforcement.

A Decade of Leadership in Smart City Solutions

Nitin D Shah, CMD of Allied Digital, expressed his enthusiasm, saying:

“We are deeply honored to have been awarded the Pune Safe City Project, a city where our journey in the Smart Cities space began a decade ago. This contract further solidifies Allied Digital’s position as a pioneer and leader in delivering transformative solutions for Smart & Safe Cities Management to over 14 cities.”

With the Pune project, Allied Digital has strengthened its leadership in Smart City Management, underscoring its reputation for delivering reliable, scalable, and innovative digital solutions.

Strong Financial Performance: Allied Digital’s Market Momentum

Allied Digital’s market momentum is mirrored in its financial performance. The company has a total market capitalization of ₹1,546.29 crore and is trading at a price-to-earnings ratio of 61.61, with earnings per share standing at ₹3.97.

Notably, the stock has outperformed the market with an impressive 102.5% surge year-to-date, and a 118.5% gain over the past year. In comparison, the BSE Sensex has risen 12.6% year-to-date and 23.4% in the same period.

Financials for Q1 FY25: Solid Year-over-Year Growth

In its Q1 FY25 report, Allied Digital share price, Allied Digital posted a 6.5% year-over-year revenue increase, reaching ₹180.14 crore. On a quarterly basis, the company’s revenue saw a modest rise of 1.83% compared to the previous quarter.

Net profit also grew year-over-year, with a 21.19% increase, totaling ₹10.41 crore in Q1 FY25. However, on a quarterly basis, the company’s net profit saw a decline of 26.22%, reflecting some short-term operational challenges.

Comprehensive Digital Solutions for a Tech-Driven Future

Allied Digital Services offers a wide array of digital services across multiple domains, including cloud enablement, cybersecurity, workplace management, infrastructure management, and digital engineering. This vast portfolio makes the company a trusted partner for organizations looking to leverage digital transformation for operational efficiency and innovation.

Conclusion:

Allied Digital Services is rapidly gaining ground in the tech-driven urban security sector with the monumental Pune Safe City Project. By securing this ₹430 crore contract, Allied Digital share price, the company not only boosts its financial performance but also strengthens its leadership in the smart city solutions space. With innovative technologies like AI-enabled cameras and strategic collaborations, Allied Digital is well on its way to transforming India’s cities into safer, smarter environments. Investors and stakeholders alike are keenly watching the company’s growth as it continues to outperform the market and deliver groundbreaking solutions in digital transformation.

FAQs:

1.Why did Allied Digital’s stock price surge?

A. Allied Digital’s stock surged after winning the ₹430 crore Pune Safe City Project, boosting investor confidence in the company’s growth potential.

2.What is the Pune Safe City Project?

A. It’s a six-year project to deploy over 4,000 AI-enabled cameras across 1,400 locations in Pune, enhancing the city’s security infrastructure.

3.How has Allied Digital’s stock performed over the last year?

A. Allied Digital’s stock has surged 118.5% in the last year, outperforming the BSE Sensex’s 23.4% rise during the same period.

4.What are the financials of Allied Digital for Q1 FY25?

A. Allied Digital reported a 6.5% year-over-year revenue increase to ₹180.14 crore and a net profit rise of 21.19%, totaling ₹10.41 crore.

5.What services does Allied Digital offer?

A. Allied Digital provides digital solutions in cloud enablement, cybersecurity, software services, workplace management, infrastructure management, and digital engineering.

6.What is Allied Digital’s market capitalization?

A. Allied Digital’s total market capitalization stands at ₹1,546.29 crore.

7.How does Allied Digital contribute to smart city solutions?

A. Allied Digital has delivered smart city management solutions to over 14 cities, including the Pune Safe City Project, making cities safer and more connected.

8.What is the significance of AI-enabled cameras in the Pune project?

A. AI-enabled cameras will enhance real-time surveillance, helping law enforcement respond more effectively to security threats.

9.How has Allied Digital’s revenue grown over the past year?

A. The company’s revenue grew 6.5% year-over-year, driven by its increasing involvement in digital transformation projects like the Pune Safe City Project.

10.What strategic partnerships does Allied Digital have for the Pune Safe City Project?

A. Allied Digital is collaborating with the Pune Police and the Government of Maharashtra’s Home Department to implement the project.

Allied Digital share price

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