Redington (India)

Technical chart suggests Redington stock can potentially rally to ₹385 levels, implying an upside potential of 27 per cent from here; check key support, resistance levels.

Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.

The company's shares climbed 3.84 per cent to hit its all time high of Rs 240.70 per share on the BSE during the intra-day trade on Monday

Redington, which is a distributor of Apple and Samsung products, reported a rise in profit to Rs 400 crore ($45.8 million) for the October-December quarter, from Rs 341 crore last year

Stocks to Buy: Zensar Technologies share price has been consolidating over the past few months but has relatively outperformed the market during this period

Integrated technology solutions provider Redington Ltd has reported consolidated profits for the July-September 2024 quarter at Rs 282.88 crore, following growth led by good performances across all business units, the company said on Wednesday. The city-based company had registered consolidated profits of Rs 311.64 crore during the corresponding quarter of last financial year. For the six month period ending September 30, 2024 the consolidated profits stood at Rs 499.92 crore, as against Rs 566.84 crore registered in the year ago period. The consolidated total income during the quarter under review grew to Rs 24,962.22 crore, from Rs 22,296.69 crore registered in the year ago period. For the half-year ending September 30, 2024 the consolidated total income surged to Rs 46,287.61 crore, from Rs 43,547.29 crore registered in the year ago period. Commenting on the financial performance, company Group CEO V S Hariharan said, "In Q2 FY25, our growth has been led by good performances acr

Integrated technology solutions provider Redington Ltd will offer its iPhone 16 smartphones at its retail locations across the country, the company said on Saturday. US-based Apple Inc., recently unveiled the latest range of smartphones; Apple Watch Series 10, Watch Ultra 2, Air Pods 4 among many others. In a statement on Saturday, Redington said it would offer the iPhone 16 and iPhone 16 Plus equipped with a host of features at its 7,000 retail locations across the country. All the new models can be pre-ordered, and they will be available from September 20, 8 am onwards, the statement added.

Redington's operations from rest of the world (ROW) segment, which operates in 31 countries, including Rwanda, Oman and Turkey, and contributes nearly 50 per cent to its revenue has been in pressure

Among the key momentum oscillators - the MACD and Slow Stochastic are showing negative divergence on these smallcap stocks; hence caution is advised at these counters.

Information technology solutions provider Redington Ltd has reported a standalone net profit of Rs 153.58 crore for the October-December 2023 quarter, the company said on Wednesday. The company had registered standalone net profits at Rs 141.38 crore during the corresponding quarter of the last financial year. For the nine-month period ending December 31, 2023, the standalone net profit stood at Rs 920.67 crore as against Rs 946.97 crore registered a year ago, the company said. The total income for the quarter under review grew to Rs 111.19 crore from Rs 94.48 crore registered in the same period of last year. For the nine months ending December 31, 2023, the total income surged to Rs 312.29 crore as compared to Rs 261.43 crore in the same period a year ago. In a statement, the company said, "Supported by solid execution across businesses and geographies, Redington continues to gain share and secure new opportunities in the markets they compete in." The company emphasized that thi

Information technology solutions provider Redington Ltd on Tuesday reported a standalone profit for the July-September 2023 quarter at Rs 573.03 crore, the company said. The city-based company had registered a standalone profit at Rs 655.74 crore during the corresponding quarter of last year. For the six-month period ended September 30, 2023 the standalone profit stood at Rs 767.09 crore, as against Rs 805.59 crore registered in the same period of last year. The standalone total income during the quarter under review grew to Rs 10,350.80 crore, from Rs 9,078.82 crore registered in the same period of last year. For the half year ended September 30, 2023, the standalone total income surged to Rs 20,109.69 crore, from Rs 16,695.17 crore registered during the same period of previous year. In a statement, the company said it delivered strong performance across all the business segments -- Cloud, Mobility, Technology and end point solutions. The company successfully navigated through m

Redington reported a 21.2 per cent year-on-year decline in consolidated net profit at Rs 248.8 crore in Q1FY24. Ebitda margin fell 100bps YoY to 2 per cent

According to Redington India, Apple contributed one-third (30 per cent) of its December 2022 (Q3 of FY23) revenues with iPhone's contribution at 24 per cent

The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

According to the technical analyst from Anand Rathi, Infosys can be sold with a stop at Rs 1,630, while Redington is expected to rally to Rs 178.

Information technology solutions provider Redington Ltd has entered into a partnership with Google Cloud India for drive distribution and adoption of Google Workspace and Cloud with small and medium businesses, the company said on Thursday. Through this association, Redington aims to address the demand for Google Cloud-based services in the country as the public cloud services market was expected to grow at a CAGR (compound annual growth rate) of 24 per cent and reach USD 13.5 billion by 2026. "Redington and Google Cloud will empower its existing and potential partners with access to business and technical expertise while helping them develop resources that support and manage their customers," a statement from the company said here. The initiative would also help fuel the adoption of Google Cloud through the partner network. "A recent survey revealed a strong market demand for cloud services; however we still see a significant gap between the pace of cloud innovations and adoption

Supply chain solutions provider Redington India is to offer the latest Apple Inc. products - the iPhone 14 and 14 Plus - in over 4,000 retail locations across the country, the company said on Sunday. Redington has partnered with private sector HDFC Bank to offer various schemes to the new range of iPhones, the Chennai-based company said in a statement. Besides retailing of the smartphones, Redington said it would also sell Apple Watch Series 8, Apple Watch Ultra, Apple Watch SE in the over 2,800 retail outlets. AirPods Pro, launched by the US-based technology giant, can be pre-booked and would be available from September 23. Customers are requested to visit www.indiaistore.com, the statement added. Apple globally unveiled the new range of iPhones and watches on September 7.

Besides the iPhone SE, iPhone 13 Pro and iPhone 13 Pro Max would be retailed along with iPad Air featuring the Apple-designed M1 chip, the company said

Redington said appellate remedies are available on receipt of order from HC and the firm will take adequate steps to safeguard its interest in this regard