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Redington rises on partnering with HDFC Bank to offer schemes to new range of iPhones
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Redington is currently trading at Rs. 151.70, up by 0.25 points or 0.17% from its previous closing of Rs. 151.45 on the BSE.
The scrip opened at Rs. 152.00 and has touched a high and low of Rs. 153.00 and Rs. 151.60 respectively. So far 58605 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.25 on 17-Jan-2022 and a 52 week low of Rs. 109.55 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 156.35 and Rs. 147.60 respectively. The current market cap of the company is Rs. 11878.27 crore.
The Institutions and Non-Institutions held 55.25% and 44.75%, stake in the company respectively.
Redington has partnered with HDFC Bank to offer various schemes to the new range of iPhones. The company is to offer the latest Apple Inc. products - the iPhone 14 and 14 Plus - in over 4,000 retail locations across the country.
Besides retailing of the smartphones, it would also sell Apple Watch Series 8, Apple Watch Ultra, Apple Watch SE in the over 2,800 retail outlets.
Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.
