Profitmart is bullish on Allied Digital Services has recommended buy rating on the stock with a target price of Rs 213 in its research report dated July 17, 2023.

Buy Allied Digital Services; target of Rs 213: Profitmart

Allied Digital Services consolidated net profit rises 53.86% in the June 2022 quarter

Allied Digital Services on Wednesday announced that it has received letter of intent (LoI) aggregating to Rs 49 crore for Solapur Smart City project.

Allied Digital Services bags contract worth Rs 49 cr

Vaswani Industries Ltd, Allied Digital Services Ltd, Shreeji Translogistics Ltd and MT Educare Ltd are among the other gainers in the BSE’s ‘B’ group today, 15 June 2022.

MRO-TEK Realty Ltd leads gainers in ‘B’ group

For digitization of small and mid-sized banks

Allied Digital Services launches FinoAllied Platform

The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.

Allied Digital Services bags Lucknow Safe City project of Rs85 crore

GRP Ltd, Allied Digital Services Ltd, ANG Lifesciences India Ltd and Anand Rayons Ltd are among the other losers in the BSE’s ‘B’ group today, 02 February 2022.

Vishwaraj Sugar Industries Ltd leads losers in ‘B’ group

Allied Digital Services consolidated net profit declines 1.87% in the December 2021 quarter

Williamson Magor & Company Ltd, Allied Digital Services Ltd, Indian Terrain Fashions Ltd and Cerebra Integrated Technologies Ltd are among the other gainers in the BSE’s ‘B’ group today, 09 November 2021.

Deep Industries Ltd leads gainers in ‘B’ group

Allied Digital Services consolidated net profit rises 722.11% in the September 2021 quarter

The transformed service model will establish highly optimized IT operations and boost the business of all entities.

Allied Digital Services wins Rs165cr five-year transformational contract; Stock rises

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Allied Digital Services Limited is a comprehensive information technology (IT) services and solutions company engaged in software publishing, consultancy and supply, maintenance and repair of office, accounting and computing machinery.