ADSL trade ideas
ADSLI expect fall in upcoming days as per pattern up move above 110.30 sustain market will be in up side else down side 107.50 bellow sustain market will fall up ta target 105.60-102.10
adslAllied Digital Services on Wednesday announced that it has received letter of intent (LoI) aggregating to Rs 49 crore for Solapur Smart City project.
The company said that the total contract value is approximately Rs 49 crore. The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.
The company reported a steeply higher net profit of Rs 16.82 crore in Q4 FY22 as against net profit of Rs 3.90 crore recorded in Q4 FY21. Net sales soared 63.3% to Rs 156.42 crore in Q4 FY22 from Rs 95.76 crore posted in Q4 FY21.
Allied Digital Services Ltd Interesting chart , resistance zone (170.00 to 190.00) , once managed to cross this , then its good for the stock .
ADSL MOMENTUM TRADENSE:ADSL Broke out of a small flag pattern and has given good momentum post breakout.
Price hit upper circuit of 10% today after 2 days of retracement.
Enter if price opens gap up above day's high or breaks the day's high. Potential BTST trade as price can hit upper circuit again tomorrow.
From price action view, price will move another 30 points towards 180 levels.
Sl below 130.
Keep stock in watchlist.
ADSLCurrently taking support at 119, however if if falls more trendline from Jan 21 gonna be its major support, on upside seking 1st tharget of 150
sabko pata hai na khajana kaha hota haiAllied Digital Services (ADSL), is a publicly traded Global Managed Service Provider and Systems Integrator, with operations in 70 countries, offering entire
spectrum of infrastructure solutions and services to global clients, with portfolio running
across a wide spectrum of modern offerings, including Digital Workspace Services,
Digital Enterprise Infrastructure, Transformative Solutions, Cybersecurity Services, Cloud
Service and Support.
The Company has an equity of Rs.25.35 crore backed by huge reserves of around
Rs.445.27 crore, which leads to a share book value of Rs.92.8. The promoters hold
49.95% while the investing public holds 50.05% stake in the company.
It posted excellent Q4FY21 numbers as net profit grew 36.84% to Rs.3.90 crore
from profit of Rs.2.85 crore in Q4FY20 on income of Rs.95.76 crore fetching an EPS of
Rs.0.77. For FY21, it reported PAT of Rs.19.24 crore on income of Rs.358.08 crore
and an EPS of Rs.3.82.
At the CMP, ADSL trades at a PE ratio of 16x.
During Q1FY22, Allied Digital Services and its subsidiaries have bagged Multi-Year
prestigious pure services deals with collective Total Contract Value of Rs. 133 Cr, from
leading customers across F&B, Industrial Supplies, Healthcare and Government segments.
ADSL for swing trade ADSL CMP - 21.35 travelling in a channel with the following short term target
Buy @ 21 - 22
Target - 30
SL - 19.50
Note: This is for educational purpose only.
