Allied Digital hits 10% UC

about 1 month ago
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Allied Digital, which had closed yesterday at Rs.59.80, opened today at Rs.61 and went on to hit the 10% UC of the day at Rs.65.75. Volumes are up 5 times.

The stock is up after the company announced that it has won a 6-year contract valued at Rs.650 crore to transform IT operating model and infrastructure landscape across workplace management, for a global automotive giant.

The contract will span work in several countries. Apart from India we would be managing this contract through our subsidiaries in USA, Canada, Japan, China, Brazil, UK, Singapore, Australia and EU.

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