This IT Services Company Share Price Jump Over 6% After Winning Rs 420 Crore Global Contract

Allied Digital Services Limited, a global IT services provider and Master System Integrator (MSI), has announced a significant business win — a five-year contract worth over Rs 420 crore from a top European pharmaceutical company. The agreement involves delivering digital workplace solutions to more than 120,000 employees across 66 countries, including regions in the Americas, Europe, and the Middle East.

The scope of the contract includes desk-side and hardware support, collaboration and meeting room technology management, audio-video platform support, and end-user IMAC (Installation, Move, Add, and Change) services. Allied Digital will also set up IT experience centres in key global locations to improve end-user satisfaction and enhance the overall employee digital experience.

This large-scale engagement highlights the company’s capability to manage and implement complex IT transformation projects on a global scale. The strategic contract reinforces Allied Digital’s position in the enterprise digital services space and expands its global footprint. The win is also seen as a validation of the company's consistent performance in offering high-end technology services.

Following the announcement, Allied Digital's stock price rose sharply on Wednesday. As of 11:52 am IST, the share price was trading at Rs 179.69, up by 3.75 per cent intraday. Earlier in the session, the stock had jumped over 6 per cent.

Despite a 23.41 per cent decline in the stock on a year-to-date basis, the long-term performance has been strong. Over the last five years, the stock has delivered multibagger returns of more than 873 per cent, placing it among notable Small-Cap gainers in the Indian equity market.

Disclaimer: The article is for informational purposes only and not investment advice.