Redington (India) lost 0.1% at Rs 101.75 at 9:21 IST on BSE, with the stock sliding in early trade amid intraday volatility after witnessing multiple bulk deals on the stock exchanges yesterday, 6 June 2016.
Meanwhile, the S&P BSE Sensex was up 83.62 points or 0.31% at 26,861.07.
On BSE, so far 27,000 shares were traded in the counter as against average daily volume of 29.61 lakh shares in the past two weeks. The stock was volatile. The stock lost as much as 1.57% at the day's low of Rs 100.25 so far during the day. The stock rose as much as 0.49% at the day's high of Rs 102.35 so far during the day. The stock had hit a 52-week high of Rs 132 on 24 September 2015. The stock had hit a 52-week low of Rs 91.20 on 19 June 2015.
The mid-cap company has equity capital of Rs 79.96 crore. Face value per share is Rs 2.
Harrow Investment Holding sold 1.64 crore shares of Redington (India) at Rs 107.01 per share on the BSE. It sold 41 lakh shares at Rs 107 per share on the NSE. Reliance Mutual Fund sold 50.82 lakh shares at Rs 107 per share on the BSE. Fidelity Puritan Trust Fidelity Low Priced Stock Fund bought 1 crore shares at Rs 107 per share on the BSE. ICICI Prudential Life Insurance Company bought 70 lakh shares at Rs 107 a piece on the BSE.
Redington (India)'s consolidated net profit rose 12.2% to Rs 137.56 crore on 27.7% rise in net sales to Rs 10474.32 crore in Q4 March 2016 over Q4 March 2015.
Redington (India) is a supply chain solutions provider worldwide to leading manufacturers of information technology, telecom, lifestyle and consumer electronics products.
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