{"id":144555,"date":"2025-02-07T14:16:24","date_gmt":"2025-02-07T08:46:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=144555"},"modified":"2025-02-07T14:16:26","modified_gmt":"2025-02-07T08:46:26","slug":"it-stock-jumps-4-after-receiving-order-14-cr-from-maharashtra-state-electricity-transmission","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-order-14-cr-from-maharashtra-state-electricity-transmission\/","title":{"rendered":"IT stock jumps 4% after receiving order \u20b914 Cr from Maharashtra State Electricity Transmission"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2287895020\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares IT company specializing in providing a wide range of information technology and consultancy services jumped upto 4 percent upon receiving a work order for more than Rs.14 crores from Maharashtra State Electricity Transmission Company Limited (MSETCL).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3714606120\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 1,543.66 crores on Friday, the shares of <strong>\u00a0<a href=\"https:\/\/portal.tradebrains.in\/stocks\/ADSL\" target=\"_blank\" rel=\"noreferrer noopener\">Allied Digital Services Limited<\/a><\/strong> rose upto 4 percent making a high of Rs. 286.00 per share compared to its previous closing price of Rs. 274.55 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Allied Digital Services Limited engaged in providing a wide range of information technology and consultancy services has received a domestic work order from Maharashtra State Electricity Transmission Company Limited (MSETCL) to upgrade and modernize its network through the implementation of Software-Defined Wide Area Network (SD-WAN).<\/p><p>This project is valued at more than Rs.14 Cr. and is to be implemented in 4-8 weeks followed by 60 months of O&amp;M (Operations &amp; Maintenance), ensuring optimal network performance and continued support.<\/p><div class=\"trade-content_5\" id=\"trade-3466591554\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, as a part of the initiative, Allied Digital will deploy an advanced SD-WAN solution across MSETCL&#8217;s offices, including Division Offices, ensuring a reliable and high-performance network. The scope of work includes:<\/p><ul class=\"wp-block-list\"><li>Supply, installation, configuration, and commissioning of the SD-WAN solution at MSETCL offices in Maharashtra.<\/li>\n\n<li>Deployment of Cloud Instances for smooth SD-WAN integration with MSETCL&#8217;s cloud.<\/li>\n\n<li>Providing a comprehensive SD-WAN architecture to enable remote connectivity.<\/li><\/ul><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p><strong>Mr. Nitin D Shah, CMD \u2013 Allied Digital said: <\/strong>&#8221; We are honored to be entrusted by MSETCL for the transformation of this critical network. This project reinforces Allied Digital\u2019s expertise in delivering cutting-edge digital engineering solutions.&nbsp;<\/p><p>By implementing an advanced SD-WAN solution, we will enable MSETCL to achieve superior network performance, security, and scalability, ultimately strengthening Maharashtra\u2019s power transmission ecosystem. We anticipate further upside from this project, with scope for follow-up projects from MSETCL as well as similar opportunities from the power sector.\u201d<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Allied Digital Services Limited is a global IT services company that provides end-to-end technology solutions. The company specializes in digital transformation, IT infrastructure management, and cloud services. With expertise in various sectors, Allied Digital offers tailored solutions to meet business needs.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 29.8 percent from Rs. 171.66 crores to Rs. 222.86 crores in Q3FY24-25. Meanwhile, Net profit rose from Rs.11.7 crores to Rs. 17.71 crores in Q3FY24-25.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong>&nbsp;<\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1803218375\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-1975767320\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares IT company specializing in providing a wide range of information technology and consultancy services jumped upto 4 percent upon receiving a work order for more than Rs.14 crores from Maharashtra State Electricity Transmission Company Limited (MSETCL). Price action With a market capitalization of Rs. 1,543.66 crores on Friday, the shares of \u00a0Allied Digital [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[23253,15928,26713,15927,5567,948,936,3157,15929],"class_list":["post-144555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-allied-digital-services","tag-allied-digital-services-latest-news","tag-allied-digital-services-limited","tag-allied-digital-services-share-price","tag-it-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-why-is-allied-digital-services-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps 4% after receiving order \u20b914 Cr from Maharashtra State Electricity Transmission - 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