1 IT Stock Up 38% In 2 Days On Winning Big Deal For Ayodhya Ahead Of Ram Mandir's D-Day; 1,133% Up In 5 Years

One IT-enabled services provider, Allied Digital Services gives double-digit returns to its investors to the tune of at least 38% in just two trading days after it won a big project in Ayodhya ahead of the inauguration of Ram Mandir. This stock is a goldmine and has skyrocketed by over 1,133% in 5 years.

Last week, on BSE, Allied Digital's share price ended at Rs 173.90 apiece, up 1.8% with a market cap of Rs 960.40 crore on Friday. On this trading day, the stock price touched a new 52-week high of Rs 196.05 apiece.

The stock has been on a gaining spree since the time it announced winning a big project for the Ayodhya Smart City on January 11.

On January 11 alone, the stock price gained by a huge 20%.

In 2 days, Allied Digital rallied by 37.82%. In a year, the stock price has gained by 80.5% on BSE. While in 5 years, the stock price has skyrocketed by a whopping 1,133.33%. The stock price was near Rs 18 levels on January 18, 2019.

As per the regulatory filing, Allied Digital Services has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with the Existing ITMS Control Room for the Ayodhya Smart City Project.

Nitin D Shah, CMD - Allied Digital, said, "The selection of Allied Digital as the Master System Integrator for this prestigious project in the rapidly transformed city of Ayodhya has further strengthened our leadership position in this space. We will be delivering mission-critical systems as the Command-and-Control Centre being set up will serve as the cockpit for oversight of the entire city-wide surveillance system."

Shah added, "The deployment of cutting-edge solutions that enhance safety, security and the overall quality of life will serve as a perfect blend of the ancient and modern given the rich history and deep cultural significance of this prestigious City."

The project includes the establishment of a multi-location CCTV surveillance system. The capital expenditure (CAPEX) and implementation phase are anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.

Allied said that the Video Management System (VMS) will play a key role in handling live feeds, while recorded footage will be securely stored on local storage. The primary goals include enhancing safety and security, optimizing city administration efficiency and promoting an improved quality of life for residents even as Ayodhya City is undergoing unprecedented transformation.

Additionally, the Nagar Nigam Ayodhya seeks to integrate the present CCTV surveillance camera network into a unified system which will be connected to the existing ITMS control room. The Command Centre being set up by ADSL will serve as the over-arching control room for the entire surveillance system, both new and existing as well as for further installations in the near future.

Headquartered in Mumbai, Allied Digital is a Global managed service provider and Master Systems Integrator, offering infrastructure solutions and services to clients in 70-plus countries. The service portfolio ranges from cloud enablement, cyber security, integrated solutions, infrastructure management, software services, and workplace services.

The company has a global workforce of 3,000 plus professionals, local support functions, governance frameworks, and offers its expertise and services to several Fortune 500 companies.